Regulations Governing Securities Investment Trust Fund Beneficiaries Meetings Article 3

When any event occurs for which a beneficiaries meeting resolution is required by law, regulation, or the securities investment trust contract, the SITE shall convene a beneficiaries meeting. When the SITE is unable or fails to convene the beneficiaries meeting, the fund custodian institution shall convene it. When the fund custodian institution is unable or fails to convene it, it shall be convened as provided in the securities investment trust contract or by the beneficiaries themselves. When all are unable or fail to convene the beneficiaries meeting, a person appointed by the competent authority shall convene it.Beneficiaries may also convene a beneficiaries meeting themselves after applying for and receiving FSC approval. The application shall provide a written description of the proposals to be put forward and the reason for the meeting."Beneficiaries" in the two preceding paragraphs means beneficiaries that have continuously held, for one year or more, beneficial interest certificates representing beneficial interest units that account for three percent or more of the total beneficial interest units of the fund issued and outstanding at the time of the proposal.For a trust enterprise that concurrently conducts securities investment trust business, keeps the securities investment trust fund assets in its own custody, and has established a trust supervisor, the obligations of a fund custodian institution of paragraph 1 herein shall be performed by the trust supervisor.