Regulations for the Establishment of Radio Broadcasting Enterprises Article 8

An applicant shall just submit one application.Where the applicant is a limited company and any of the following circumstances occurs between the applicant and other applicant(s), they will be deemed as the same applicant:1. The voting shares or capital contributions held by the applicant reach ten percent or over of another applicant’s total issued voting shares or total capital stock.2. More than half of the applicant’s directors are directors of another applicant.3. More than ten percent of the applicant and other applicant’s issued voting shares or capital stocks come from the same shareholder or investor.4. The applicants are both the subsidiaries of a third Party.5. The applicants’ holding companies are in relation of control or a subsidiary.The relation of control or subsidiary prescribed in Paragraph 4 and 5 of the preceding paragraph refers to those as described in Paragraph 1, 2 or 3 of the preceding paragraph.The shares or stock capital as described in Paragraph 2 shall be calculated in accordance with Article 369-11 of the Company Act.Where the applicant is a foundation and any of the following circumstances occurs between it and other applicant(s), they will be deemed as the same applicant:1. More than half of the applicant’s directors are directors of other applicant.2. The applicant and other applicant have the same donator and its endowment charter has regulated that its directors shall be solely or jointly appointed by the donator.Where the applicant is a limited company and other applicant is a foundation, they shall be considered as the same applicant if half of the applicant’s directors are directors of other applicant or half of other applicant’s directors are directors of the applicant.Paragraph 2, 5 and 6 are also applicable before the applicant obtains station operating license.The provisions of this Article also apply, mutatis mutandis, to an applicant that is an establishing limited company or foundation.