The Credit Cooperatives Act Of The Republic Of China Article 33

Where a credit cooperative has been approved for reincorporation into a commercial bank, it shall place a public notice to that effect, cancel the registration with the registration authorities for credit cooperatives, file an incorporation registration with the Ministry of Economic Affairs, and, in addition, submit the relevant documents to the Central Competent Authority to apply for a replacement of the business license.The cancellation registration, incorporation registration, and the replacement of the business license referred to in the preceding paragraph shall take effect on the date of the replacement of the business license.For the cancellation of registration referred to in paragraph 1, the application shall be attached the minutes of the meeting and the documents of approval by the Central Competent Authority referred to in paragraph 1 of Article 30. The application for incorporation registration and the issuance of a bank license shall not be governed by paragraph 1 of Article 419 and paragraph 1 of Article 420 of the Company Act nor Article 54 of the Banking Act. The documents and other relevant items required for the incorporation registration shall be prescribed by the Central Competent Authority in conjunction with the Ministry of Economic Affairs.