Regulations Governing Securities Investment Consulting Enterprises (Originally Adopted 2004.10.30) Article 25-2

A provider of robo-advisor services shall conform with each of the following requirements:1. The provider's CPA-audited and attested financial report for the most recent period shall show a net worth per share not lower than par value. However, this restriction shall not apply to one that has obtained its business license for less than 1 full fiscal year or, in the case of one concurrently operated by a trust enterprise, if the ratio of its regulatory capital to risk-weighted assets for the most recent year has met the requirements of Article 5 of the Regulations Governing the Capital Adequacy and Capital Category of Banks.2. Has not been subject to any disposition within the preceding 2 years under Article 103, subparagraphs 2 to 5 of the Act, Article 66, subparagraphs 2 to 4 of the Securities and Exchange Act, Article 100, subparagraphs 2 to 4 of the Futures Trading Act, or Article 44, subparagraphs 1 to 3 of the Trust Enterprise Act. This restriction shall not apply, however, when there has been concrete correction of the circumstances of its violation and the correction has been recognized by the competent authority.3. Has adopted an internal control system or internal management system for the robo-advisor services, and appointed sufficient, qualified associated persons and internal auditors.4. Has paid-in capital of NT$50 million or more and has deposited an operation bond of NT$5 million with a financial institution that is allowed to operate custodial business and meets the conditions prescribed under Article 7, paragraph 1.