The same person or the same related party intending to singly, jointly or collectively acquire more than 25 percent of the total outstanding voting shares of an insurance company shall submit the following documents in addition to the application documents specified in Article 4 herein to the competent authority for approval:1. If the same person or the same related party is a juristic person, layers of investment framework and background of major shareholders (Form 5);2. If the same person or the same related party is a juristic person, statements of natural person shareholders at all layers of its investment framework who directly or indirectly acquire more than 10 percent of the total outstanding voting shares of the insurance company or have control over the insurance company and a list of such shareholders or controllers (Form 6);3. Description of how its financial capability will suffice to meet the capital increase needs (of the insurance company) in the next three years:(1) An evaluation of the effect (of the acquisition) on the finance and business of the insurance company in three fiscal years after acquiring the shares of the insurance company;(2) If the same person or the same related party is a natural person, his or her property information in the last three years (Form 7); if the same person or the same related party is a juristic person, its CPA-certified balance sheets, income statements and statements of cash flows in the last three years; where the juristic person has been in business for less than three years, the applicant shall provide the aforementioned financial statements for all years in business. If the applicant’s financial statements for the latest year is not yet audited and certified by a CPA, the self-prepared financial statements may be submitted instead;(3) The amount of capital injection needed in the next three years and other possible latent obligations; and(4) Substantial and specific sources of funds for future capital injection. For example, if the applicant plans to borrow the funds for future investment (in the insurance company), the applicant should describe specific repayment plan and sources of funds.