Regulations Governing Investment of Postal Savings in Beneficiary Certificates, Listed Securities and Over-the-Counter Securities Article 5

Postal savings may not be invested in stocks, new share entitlement certificates and beneficiary certificates of security investment trust funds issued by a company where the person-in-charge of Chunghwa Post serves as a board director, a corporate supervisor or a manager. With the exceptions of when the person-in-charge of Chunghwa Post is appointed by Chunghwa Post and with the approval of the Ministry of Transportation and Communications (MOTC) and the FSC to be the said company’s board director, corporate supervisor or manager.The person-in-charge or any employees of Chunghwa Post may not serve as the person-in-charge of any exchange-listed or over-the-counter companies being invested in by Chunghwa Post, with the exception of cases that have been reported to and gained the approval of the MOTC and the FSC.Before the enforcement of the regulations hereof, if any postal savings’ investment in beneficiary certificates or exchange-listed or over-the-counter stocks has violated stipulations of the two preceding paragraphs, then Chunghwa Post shall draw up an adjustment plan, about which a report shall be submitted to the MOTC and the FSC for reference.