Standards Governing the Establishment of Commercial Banks Article 3

The founders of the Bank shall subscribe up to eighty percent of the total paid-in capital of the Bank at the time of initiation. The remaining shares shall be publicly offered. The founders shall jointly and severally subscribe to subsequently unsubscribed shares and shares subscribed without payment in the public offering within the limitation of single shareholding stipulated in Paragraph 2, Article 25 of the Act. The same rule also applies to shares subscribed but cancelled later on.Shares subscribed by the founders and publicly offered as mentioned in the preceding paragraph shall be accorded the same issuing terms and prices.For publicly offered shares as stipulated in Paragraph 1 hereof, the subscription by each subscriber shall not exceed ten thousand shares.