BUSINESS MERGERS AND ACQUISITIONS ACT Article 8

In case of any of the following events, the company may not be required to reserve new shares to be issued for subscription by its employees, to notify then existing shareholders for subscription, to appropriate a certain ratio for public offering, and not subject to Articles 267(1) through 267(3) of the Company Act and Article 28-1 of the Securities and Exchange Act:1.The surviving company issued new shares for a merger reason, or parent companies issued new shares for the merger between subsidiary companies and other companies.2.All new shares are issued for being acquired;3.All new shares are issued for the acquisition of issued shares, business, or assets of other companies;4.New shares are issued for the share exchange5.New shares are issued for division of a company by the succeeding company.Any new shares issued hereunder may be paid up in cash or assets required in the business of the company, and such issuance is exempted from Article 272 of the Company Act.