Regulations Governing the Acquisition and Disposal of Assets by Public Companies Article 14

When a public company engages in any acquisition or disposal of assets from or to a related party, in addition to ensuring that the necessary resolutions are adopted and the reasonableness of the transaction terms is appraised, if the transaction amount reaches 10 percent or more of the company's total assets, the company shall also obtain an appraisal report from a professional appraiser or a CPA's opinion in compliance with the provisions of the preceding Section and this Section.The calculation of the transaction amount referred to in the preceding paragraph shall be made in accordance with Article 12 herein.When judging whether a transaction counterparty is a related party, in addition to legal formalities, the substance of the relationship shall also be considered.