UCBH Holdings, Inc. Capital Position is Further Strengthened with $135 Million in New Capital

Business Wire, June 11, 2008

China Minsheng Banking Corp., Ltd. Investment Expected to Close Before Year-end 2008

SAN FRANCISCO -- UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United Commercial Bank (UCB(TM)), announced today that it has closed its offering of 135,000 shares, or $135 million in aggregate liquidation preference, of 8.50% Non-Cumulative Perpetual Convertible Series B Preferred Stock (the "Preferred Stock"). The holders of the Preferred Stock have the option at any time to convert each share of Preferred Stock into 236.1275 shares of UCBH's common stock, which represents an approximate initial conversion price of $4.24 per share of common stock.

Chairman, President and Chief Executive Officer, Thomas S. Wu said, "With the successful completion of our Preferred Stock issuance, UCBH has further strengthened its capital position to weather current economic conditions and to move forward with our growth and performance initiatives. We believe that our business fundamentals and credit risk management functions are strong and that UCBH continues to be well positioned to expand its unique franchise in the U.S. and Greater China."

While UCBH's current capital ratios already exceed the "well-capitalized" regulatory requirements, the Company estimates that the additional capital will strengthen its Tier 1 risk-based capital and total risk-based capital ratios from the March 31, 2008 reported ratios to approximately 10.52% and 12.89%, respectively, which are substantially above the "well-capitalized" regulatory requirements of 6.00% for Tier 1 risk-based capital and 10.00% for total risk-based capital.

Additionally, the Company expects to close the China Minsheng Banking Corp., Ltd. incremental purchase of an additional 5% ownership interest in UCBH before year-end 2008, bringing the China Minsheng Banking Corp., Ltd. ownership to 9.9%.

"We are very pleased with the partnership between UCBH and China Minsheng Banking Corp., Ltd. and are working closely with UCBH management to close Step Two of our strategic investment in 2008," said Chairman Dong Wenbiao of China Minsheng Banking Corp., Ltd.

About UCBH Holdings, Inc.

UCBH Holdings, Inc., with $12.74 billion in assets as of March 31, 2008, is the holding company for United Commercial Bank, a state-chartered commercial bank, which is a leading bank in the United States serving the Chinese communities and American companies doing business in Greater China. Together, the Bank and its subsidiaries, including United Commercial Bank (China) Limited, operate 51 California branches/offices located in the San Francisco Bay Area, Sacramento, Stockton, Los Angeles and Orange counties, eight branches in New York, five branches in metropolitan Atlanta, three branches in New England, two branches in the Pacific Northwest, a branch in Houston, branches in Hong Kong, Shanghai and Shantou, China, and representative offices in Beijing, Guangzhou and Shenzhen, China, and Taipei, Taiwan. UCB, with headquarters in San Francisco, provides commercial banking services to small- and medium-sized businesses and professionals in a variety of industries, as well as consumer and private client services to individuals. The Bank offers a full range of lending activities, including commercial real estate and construction loans, commercial credit facilities, international trade finance, asset-based financing, cash management, loans guaranteed by the U.S. Small Business Administration, commercial, multifamily and residential mortgages, home equity lines of credit, and online banking services for businesses and consumers. For additional information, visit the web site for United Commercial Bank at www.ibankUNITED.com or the web site for UCBH Holdings, Inc. at www.ucbh.com.

Forward-Looking Statements

Certain statements contained in this release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon specific assumptions that may or may not prove correct. Forward-looking statements are also subject to known and unknown risks, uncertainties and other factors relating to the Company's and the Bank's operations and business environment, all of which are difficult to predict, and many of which are beyond the control of the Company and the Bank. The factors include, among others: economic and business conditions in the areas and markets in which the Company and the Bank operate, particularly those affecting loans secured by real estate; deterioration or improvement in the ability of the Bank's borrowers to pay their debts to the Bank; market fluctuations such as those affecting interest and foreign exchange rates and the value of securities in which the Bank invests; competition from other financial institutions, whether banks, investment banks, insurance companies or others; the ability of the Bank to assimilate acquisitions, enter new markets and lines of business, and open new branches, successfully; changes in business strategies; changes in tax law and governmental regulation of financial institutions; demographic changes; and other risks and uncertainties, including those discussed in the documents the Company files with the Securities and Exchange Commission ("SEC"). The foregoing may cause the actual results and performance of the Company and the Bank to be materially different from the results and performance indicated or suggested by the forward-looking statements. Further description of the risks and uncertainties are included in detail in the Company's current, quarterly and annual reports, as filed with the SEC.