Regulations Governing the Sale of Securities Obtained by Securities Underwriters on a Firm Commitment Basis Article 4

When a securities underwriter sells securities under subparagraph 2 of paragraph 1 of Article 2, if its trading counterparty is a related party of the issuer or the securities underwriter, it shall prepare documentation of the transaction price determination method, submit it for passage by the board of directors, and report on it at the nearest shareholders meeting."Related party" in the preceding paragraph shall be determined respectively under Article 18, paragraph 2 of the Regulations Governing the Preparation of Financial Reports by Securities Issuers and Article 23, paragraph 2 of the Regulations Governing the Preparation of Financial Reports by Securities Firms,.The documentation of the transaction price determination method under paragraph 1 shall be kept as provided in Article 6, paragraph 3.