For privatized enterprises that sells all government shares in one single trench, , the full amount of available subscription quota and over-subscription quota shall be offered to its employees also on a one-time basis during the same trench. For privatized enterprises that sells its government shares in multiple trenches, employee subscription shall be processed as follows:1. Available subscription quota for each government share offering prior to full privatization shall be calculated in proportion to the total shares due for sale in the respective trench (51% of actual paid shares on the initial government share subscription and offering date, minus private shareholdings on the initial offering date); the calculation formula is as follows: Available employee subscription quota in each trench = Number of government shares offered in the trench total shares within the available subscription quota－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－Number of government shares offered in the trench ｘTotal share amount due for sale to complete full privatization In trenches where the number government shares being offered exceeds the total share amount due for sale to complete full privatization, the following subparagraph shall apply.2. At the trench where full privatization will be completed, the available subscription quota shall be balance of the total available subscription quota less the sum of all previous subscriptions, and shall be offered to employees in full together with the available over-subscription quota.