Regulations Governing Securities Investment and Futures Trading in Taiwan by Mainland Area Investors Article 27

When an Institutional Investor exchanges, converts, or subscribes to securities of a Taiwan issuing company under Article 24, it shall be deemed an inward remittance of investment capital, and the custodian institution shall enter it into the account books specified in Article 21, and within five days report it to the competent authority for foreign exchange business, and at the same time provide the information to the TWSE for registration.The amount of an inward remittance pursuant to the preceding paragraph shall be added into the calculation of the total amount of investments made in Taiwan securities by the investor.