EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

JANUARY 6, 2005

ITEM NO 1Minutes of December 2, 2004, Board Meeting to be approved

Board Decision: APPROVED

ITEM NO 2Minutes of December 9, 2004, Board Meeting to be approved
Board Decision: APPROVED

ITEM NO 3Minutes of December 16, 2004, Board Meeting to be approved

Board Decision: APPROVED

ITEM NO 4Minutes of December 22, 2004, Board Meeting to be approved

Board Decision: APPROVED

ITEM NO 5A

Country CHINA (TAIWAN) AP081215XX

Request for FINAL COMMITMENT

Applicant CHINA AIRLINES LTD, TAIPEI, CHINA (TAIWAN)

Borrower SPV/CHINA AIRLINES LIMITED, TAIPEI 104 CHINA (TAIWAN)

Guarantor NONE

Buyer SPV/CHINA AIRLINES LIMITED, TAIPEI 104 CHINA (TAIWAN)

End-user CHINA AIRLINES LTD, TAIPEI, CHINA (TAIWAN)

Exporter BOEING COMPANY, EVERETT WA

Supplier GENERAL ELECTRIC COMPANY INC, CINCINNATI OH

Supplier BOEING COMPANY, EVERETT WA

Gteed Lender BNP PARIBAS, SINGAPORE 049319 SINGAPORE

Lessor SPV/CHINA AIRLINES LIMITED, TAIPEI 104 CHINA (TAIWAN)

Lessee CHINA AIRLINES LTD, TAIPEI, CHINA (TAIWAN)

Project Name NONE

Project Description AIR TRANSPORTATION

Product Description AIRCRAFT

Board Decision APPROVED