Regulations Governing Information to be Published in Prospectuses by Securities Investment Trust Enterprises Offering Securities Investment Trust Funds Article 25

When a SITE offers a securities investment trust fund, it shall, on a day which is 3 days before the offering commencement date of the fund, and in a format required by the FSC, transmit an electronic file of the prospectus to the information reporting website designated by the FSC, and also make the prospectus and simplified prospectus available at its place of business and at the places of business of its fund distributors. Notwithstanding the foregoing, in the case of a follow-on offering of the fund, the SITE shall transmit the prospectus to the aforementioned information reporting website within 3 days from the date of receipt of the FSC's approval letter.Before a subscriber delivers a subscription request form or completes the payment of the subscription price, the SITE or fund distributor shall deliver the simplified prospectus, and further, upon request, provide the prospectus to the subscriber.The simplified prospectus and prospectus under the proceeding paragraph may be delivered or provided by means of electronic media if the subscription is made by electronic trading or with the written consent of the subscriber.When the SITE updates a prospectus on a quarterly basis pursuant to Article 5 or otherwise amends a prospectus from time to time, it shall, within 3 days of the updating or amendment, transmit an electronic file of the updated or amended prospectus to the information reporting website designated by the FSC.