Regulations for Administration on Fixed Network Telecommunications Business Article 8-1

Operators with a minimum paid-in capitalization at TWD200 Million and with 200 or more shareholders shall apply for an open share issue proceeding with competent government securities authorities within a three-month period from the following day of the initial inception or new share issue modification registration.An operator that moves to reduce the capitalization as per shareholder’s resolution or enact in conducts as stipulated under paragraph 1, Article 185 of the Corporate Law is required to declare a voluntary filing with competent government authorities within a twenty-day period from the following day a resolution is voted through the shareholders’ meeting.