Regulations for Administration of Wireless Broadband Access Business Article 35

After acquisition of establishment approval, the winning bidder shall complete necessary registration of company changes and complete shares issuance within three months after company changes registration. Winning bidders that are unable to complete the necessary registration and complete shares issuance within a time limit shall apply for extension to the NCC with an explanation within one month starting from three months prior to the expiration of approval. Length of extension may not exceed three months and only one extension is allowed.The NCC may revoke the establishment approval, system installation permit, and frequency granted to the winning bidder, if such bidder fails to meet time limits provided in the preceding paragraph; the performance bond and the minimum advancement bond of charter fee will not be refunded; or, the NCC shall notify the guarantor bank to fulfill the responsibility of performance guarantee.Winning bidders shall comply with Paragraph 3 of Article 4, Subparagraph 4 of Paragraph 2 of Article 18, and Paragraph 1 of Article 63 pertaining to paid-in capital when completing company changes registration pursuant to Paragraph 1.