Regulations Governing The Recognition Of An Impartial Third Party And Its Public Auction Procedure Article 18

The auction of real estate can be conducted by bidding or outcry or through the Internet. Before an auction is made through internet, an impartial third party should prepare the relevant operating regulations and submit them to the Board of Directors and then to the governing body for approval; only thereafter can such auctions be made. The winning bid should be awarded to a bidder whose bid is the highest and also exceeds the floor price.
中文原文 公正第三人認可及其公開拍賣程序辦法第18條
不動產之拍賣,得以投標、競相喊價或以電腦網路方式為之。
公正第三人利用電腦網路方式拍賣時,應事先擬具作業辦法經董事會通過,並報經主管機關核准後始得辦理。
拍賣應拍歸出價最高,且逾拍賣底價之投標人。

English translation for reference only; the Chinese text prevails. Not legal advice.