Regulations Governing the Offering and Issuance of Overseas Securities by Issuers Article 23
When registering to offer and issue overseas convertible bonds with conditions of conversion, an issuer shall specify in the issuance rules the following particulars:1.The conversion procedure.2.The method for determining the terms and conditions of the conversion (including conversion price and conversion period).3.The conversion price and its adjustment.4.Entitlements to interest and dividends in the converting year.5.The method for handling funds that are not sufficient to convert into one unit of the securities upon conversion.6.When sponsoring issuance of overseas depositary receipts for conversion purposes, the issuer shall specify the type of underlying securities evidenced by overseas depositary receipts, the volume of securities evidenced by each unit of overseas depositary receipts, the names of depositary institutions and custodian institutions, the issuance plan for the overseas depositary receipts, and other agreed-upon terms and conditions.7.Statement of issuance methods: The statement of issuance methods shall state whether all the depositary receipts shall be publicly issued or a portion thereof shall be subscribed to by a specific person or persons through negotiation; if a portion thereof shall be subscribed to by a specific person or persons, then the statement of underwriting procedures shall state why the specific person or persons are being contacted to subscribe through negotiation, the number of depositary receipts to be subscribed to by a specific person or persons, the total dollar amount thereof, and the relationship between the specific person or persons and the issuer.8.Whether the obligation to convert the shares will be fulfilled by issuing new shares or delivery of outstanding shares (must be one or the other); provided that an emerging stock company shall fulfill the obligation only by issuing new shares.9.Other important matters agreed upon by the contracting parties.When overseas corporate bonds are converted to shares, such conversion shall not be subject to the prohibition against issuance of shares below par value as set forth in Article 140 of the Company Act.Unless there is applicable precedent in international practice, Section 2 of Chapter III of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall apply mutatis mutandis to matters relating to conversion of overseas corporate bonds.Paragraph 1 shall apply to overseas convertible bonds where the issuer intends to meet future demand for bond conversions by using the shares it owns in a company listed on either the stock exchange or an OTC market, where such company meets the provisions of Article 3 of the TPEx Securities Review Regulations; unless there is applicable precedent in international practice, Article 26 of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall apply mutatis mutandis thereto.
中文原文 發行人募集與發行海外有價證券處理準則第23條
發行人申報募集與發行海外公司債，附轉換條件者，其發行辦法，應載明下列事項：
一、請求轉換之程序。
二、轉換條件（含轉換價格、轉換期間等）之訂定方式。
三、轉換價格及其調整。
四、轉換年度有關利息、股利之歸屬。
五、轉換時不足一單位金額之處理。
六、以參與發行海外存託憑證供轉換者，應載明海外存託憑證所表彰有價證券之種類，每單位海外存託憑證表彰有價證券之數額，存託機構、保管機構名稱、海外存託憑證預定發行計畫及相關約定事項。
七、發行方式。
發行方式應敘明係屬全數公開發行或部分洽特定人認購，若有約定部分由特定人認購之情事，應載明洽特定人認購之目的、特定人認購之張數、總金額及特定人與發行人之關係。
八、為履行轉換義務，應以發行新股或交付已發行股份，擇一為之。
但興櫃股票公司限以發行新股方式履約。
九、其他重要約定事項。
海外公司債轉換股份時，不受公司法第一百四十條關於股票發行價格不得低於票面金額規定之限制。
海外公司債轉換之相關事項除有適用國際間之慣例者外，準用發行人募集與發行有價證券處理準則第三章第二節有關規定。
發行人以所持有其他上市公司或符合上櫃審查準則第三條規定之上櫃公司股票作為償還標的之海外可交換公司債，應依第一項規定辦理，除有適用國際間之慣例者外，準用發行人募集與發行有價證券處理準則第二十六條有關規定。
一、請求轉換之程序。
二、轉換條件（含轉換價格、轉換期間等）之訂定方式。
三、轉換價格及其調整。
四、轉換年度有關利息、股利之歸屬。
五、轉換時不足一單位金額之處理。
六、以參與發行海外存託憑證供轉換者，應載明海外存託憑證所表彰有價證券之種類，每單位海外存託憑證表彰有價證券之數額，存託機構、保管機構名稱、海外存託憑證預定發行計畫及相關約定事項。
七、發行方式。
發行方式應敘明係屬全數公開發行或部分洽特定人認購，若有約定部分由特定人認購之情事，應載明洽特定人認購之目的、特定人認購之張數、總金額及特定人與發行人之關係。
八、為履行轉換義務，應以發行新股或交付已發行股份，擇一為之。
但興櫃股票公司限以發行新股方式履約。
九、其他重要約定事項。
海外公司債轉換股份時，不受公司法第一百四十條關於股票發行價格不得低於票面金額規定之限制。
海外公司債轉換之相關事項除有適用國際間之慣例者外，準用發行人募集與發行有價證券處理準則第三章第二節有關規定。
發行人以所持有其他上市公司或符合上櫃審查準則第三條規定之上櫃公司股票作為償還標的之海外可交換公司債，應依第一項規定辦理，除有適用國際間之慣例者外，準用發行人募集與發行有價證券處理準則第二十六條有關規定。