The competent authority appointed CDIC as a conservator of Taitung Business Bank on December 15, 2006, Enterprise Bank of Hualien on January 5, 2007, and The Chinese Bank on January 6, 2007. CDIC was commissioned by the Financial Restructuring Fund to dispose of the assets and liabilities as well as to transfer the operation of the three banks. According to the meeting resolution of the Financial Restructuring Fund’s Management Committee, CDIC has commissioned a financial consulting firm to plan the open bids for the said banks.