A financial institution may apply to consolidate two of its existing mini-branches into one branch. Financial institutions that meet the criteria of competent authority for increasing loans to small and medium enterprises may apply to convert one of its existing mini-branches into a branch.A financial institution shall submit the following documentation to the competent authority when making an application as specified in the preceding paragraph:1. Application for consolidating into or converting to a branch (see Schedule 2).2. The plan for consolidating into or converting to a branch.3. Minutes of board of directors' meeting.The business plan referred to in the preceding paragraph shall include the following particulars:1. Reason for consolidation or conversion (including business analysis of existing branches).2. How the rights and obligations of existing customers will be handled, or other alternative service plans.3. The business plan for the branch (including business analysis and target markets).Where the consolidation of mini-branches into a branch involves the application of relocation, the provisions in Article 8 herein shall apply.