Regulations Governing Cooperating with or Assisting Foreign Institutions in Engaging in Activities Associated with Electronic Payment Business within the Territory of the Republic of China Article 23

Where an approved institution or an approved institution becomes aware that the foreign institution it cooperates with or assists has any of the following situations, the approved institution shall promptly propose a relevant response plan and report to the competent authority:1. Accumulated loss exceeds one half (1/2) of its paid-in capital.2. Merger or transferring all or an essential part of business or assets to others.3. Enter into, amend, or terminate any contract for lease of the company's business.4. 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.5. Having a litigious, non-litigious event, administrative disposition or administrative lawsuit that has significantly impact on the finance or business of the institution.6. Having a fraud or material deficiency in internal controls.7. Having an information security breach that results in damage to the interests of customers or affects the sound operation of the institution.8. Other significant events that are sufficient to affect the operation or the interests of shareholders.