Regulations Governing the Offering and Issuance of Overseas Securities by Issuers Article 16
When a holder of overseas depositary receipts requests redemption, it may request the depositary institution to deliver the underlying securities to itself, or to sell the underlying securities and then pay the sales proceeds to the holder after deducting tax and other relevant fees.
中文原文 發行人募集與發行海外有價證券處理準則第16條
海外存託憑證持有人請求兌回其持有之海外存託憑證時，得請求存託機構將海外存託憑證所表彰之有價證券交付予請求人；或得請求存託機構出售海外存託憑證所表彰之有價證券，並將所得價款扣除稅捐及相關費用後給付請求人。