Regulations for Administration of Wireless Broadband Access Business Article 16

One applicant shall not submit more than two applications.Two applicants shall be deemed as an identical applicant in any of the following circumstances:1. The applicant holds the voting shares more than half of the total voting shares own the other applicant.2. Half or more than half of the directors of the board of an applicant collectively hold half or more than half of the position as director of the board of the other applicant.3. The total number of voting shares issued by the applicant and the other applicant is equal to or larger than half of the shares owned by the same shareholders or investors.4. Different applicants are subsidiary companies of a third-party company.5. Different applicants’ holding companies are in relation of control or a subsidiary.The terms of control and subsidiary in Paragraph 4 and 5 above means the concerned parties in Paragraph 1, 2, and 3 above.The calculation method of shares in Paragraph 2 shall follow Article 369-11 of the Company Act.If a shareholder of an applicant company also holds shares of the other applicant company, then the shareholder’s percentage of share holding in one applicant’s company is not limited, but the percentage of share holding in the other applicant company may not exceed 10%.Paragraph 1 and 5 also come into force and are applicable after a charter has been granted to an applicant.