Regulations Governing Securities Investment and Futures Trading in Taiwan by Mainland Area Investors Article 24

With respect to its holdings of Overseas Corporate Bonds with conversion or subscription rights attached that are issued or privately placed by a Taiwan issuing company, an Institutional Investor may, in accordance with the terms of issuance and conversion or subscription, request to convert the bonds or exercise the subscription rights for securities issued by the Taiwan issuing company.When an Institutional Investor holds Overseas Corporate Bonds privately placed by a Taiwan issuing company, if it will request to exercise rights of exchange or subscription for the stock of another exchange-listed or OTC-listed company in accordance with the terms of issuance and exchange or subscription, it may request to do so only after three years have elapsed from the delivery date of the privately placed Overseas Corporate Bonds.When an Institutional Investor that holds privately placed Overseas Corporate Bonds converts the bonds or exercises subscription rights attached thereto to acquire securities issued by a Taiwan issuing company, or if any shares are subsequently distributed thereupon due to a capital increase out of earnings or capital reserves, such acquired securities and distributed shares may be sold on a Taiwan market only after three years have elapsed from the delivery date of the privately placed Overseas Corporate Bonds and after the Taiwan issuing company has filed with the Competent Authority for supplemental public issuance.