Agricultural Finance Act Article 37-1

In case that the order, made by the central authorities pursuant to paragraphs 2, 3 of Article 36 and the preceding article, of the merger between the Farmer’s and Fishermen’s Association that comprises the credit department and other Associations comprising an established credit department is difficult to achieve, the central authorities may take one of the following measures without application of Article 37 of the Farmer’s Association Act or Article 39 of the Fishermen’s Association Act:1. Order the Farmers’ and Fishermen’s Association to transfer their credit departments to other Farmers’ and Fishermen’s Association that already have credit departments.2. Order the Farmers’ and Fishermen’s Association to transfer their credit departments to the Agricultural Bank of Taiwan.In case that the Agricultural Bank of Taiwan receives the credit departments in accordance with Subparagraph 2 of the previous paragraph, the Bank may retrieve the shares without being subject to Paragraph 1 of Article 167 of the Company Act; and the retrieved shares shall be sold within six (6) months. Any unsold shares hereunder shall be considered as unissued shares and shall be registered for alteration.When the Agricultural Bank of Taiwan, pursuant to Subparagraph 2 of Paragraph 1, receives the credit departments, paragraph 1 to paragraph 4 of Article 185, Article 186 to Article 188 of the Company Act shall not be applied.