Regulations Governing Centralized Securities Depository Enterprises Article 4

A CSDE shall be incorporated as a company limited by shares, and shall have at least NT$500 million in paid-in capital. All shares shall be fully subscribed by the promoters.Unless for public interest purposes and having been approved by the FSC, shares held by a single shareholder of a CSDE may not exceed 5 percent of the paid-in capital.A shareholder who, before the issuance of the 14 August 2012 amendment to these Regulations, already held more than 5 percent of the shares of the CSDE shall not be subject to the restrictions of the preceding paragraph, but may not further increase its shareholding, unless the increase is for public interest purposes and has been approved by the FSC.