Regulations Governing the Offering and Issuance of Overseas Securities by Issuers Article 24
When registering to offer and issue overseas convertible bonds with warrants, an issuer shall specify in the issuance rules the following particulars:1.For bonds with separable warrants: the total number of warrant units to be issued and the method for calculating the price of each unit.2.The methods of determining warrant exercise conditions (including exercise price, warrant exercise period, type of shares covered by the warrant, exercise ratio, and the number of shares that each warrant provides the right to purchase).3.Adjustment of exercise price.4.Procedures for exercising warrant rights and method of payment for shares.5.Where sponsoring issuance of overseas depositary receipts to fulfill warrant obligations: the type of underlying securities evidenced by the overseas depositary receipts, their source, the number of underlying 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.6.Statement of issuance methods: The statement of issuance methods shall state whether all the depositary receipts shall be publicly issued or whether 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 thus subscribed to, the total dollar amount thereof, and the relationship between the specific person or persons and the issuer.7.Whether the obligation to fulfill warrant rights will be made 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.8.Other important matters agreed upon by the contracting parties.When warrant obligations are fulfilled by the issuer, such fulfillment 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 3 of Chapter III of the Regulations Governing the Offering and Issuance of Securities by Securities Issuers shall apply mutatis mutandis to matters relating to the exercise of warrants attached to overseas corporate bonds.
中文原文 發行人募集與發行海外有價證券處理準則第24條
發行人申報募集與發行海外公司債附認股權者，其發行辦法，應載明下列事項：
一、附可分離認股權者，其認股權憑證之發行單位總數及每單位認股權憑證價格之計算方式。
二、認股條件（含認股價格、認股期間、認購股份之種類及行使比例或每單位認股權憑證可認購之股數等）之決定方式。
三、認股價格之調整。
四、行使認股權之程序及股款繳納方式。
五、以參與發行海外存託憑證履行認股權義務者，應載明海外存託憑證所表彰之有價證券之種類、來源、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。
六、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、特定人認購張數、總金額及特定人與發行人之關係。
七、為履行認股權義務，應以發行新股或交付已發行之股份，擇一為之。
但興櫃股票公司限以發行新股方式履約。
八、其他重要約定事項。
發行公司履行認股權義務時，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。
海外公司債認股權行使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三節有關規定。
一、附可分離認股權者，其認股權憑證之發行單位總數及每單位認股權憑證價格之計算方式。
二、認股條件（含認股價格、認股期間、認購股份之種類及行使比例或每單位認股權憑證可認購之股數等）之決定方式。
三、認股價格之調整。
四、行使認股權之程序及股款繳納方式。
五、以參與發行海外存託憑證履行認股權義務者，應載明海外存託憑證所表彰之有價證券之種類、來源、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。
六、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、特定人認購張數、總金額及特定人與發行人之關係。
七、為履行認股權義務，應以發行新股或交付已發行之股份，擇一為之。
但興櫃股票公司限以發行新股方式履約。
八、其他重要約定事項。
發行公司履行認股權義務時，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。
海外公司債認股權行使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三節有關規定。