Rules Governing the Business of Electronic Stored Value Card Issuers Article 24

An issuer having any of the following events shall promptly report to the Competent Authority by stating the particulars of the event and providing related information, and send a copy of the same to the Central Bank of the ROC:1. Transfer of equity or change of equity structure involving more than ten percent (10%) of its ownership.2. Having the incidence of bounced check due to insufficient funds, being denied services by banks, or having other events that cause loss of good credit standings.3. Having a litigious or non-litigious event, or an administrative disposition or administrative lawsuit that has material impact on the finance or business of the institution.4. Having a situation provided in Subparagraph 1, Paragraph 1, Article 185 of the Company Law.5. Having a fraud or material deficiency in internal controls.6. Having an information security breach that results in damage to the interests of customers or affects the sound operation of the institution.7. Other significant events that are sufficient to affect the operation or the interests of shareholders.