A significant oversight at Cathay Financial Holdings’ investment arm, Cathay Trust, has led to the resignation of board director Kuo Ming-chien. The issue stems from losses related to investments in World Semi-Conductor Corp (KY). Cathay Trust announced it will begin compensating investors for the financial impact of the error. Kuo, who also served as an independent director for World Semi-Conductor Corp, stepped down to take responsibility for the situation. The company did not disclose the exact amount of the losses or the number of affected investors, but confirmed a remediation plan is underway. This incident raises questions about risk management and oversight within Cathay Trust. The compensation process will begin tomorrow, aiming to mitigate further damage to investor confidence.