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Procedures and Timeframes for Handling Events Under Article 50 of the Taiwan Stock Exchange Corporation  CH

Amended Date: 2005.01.20
1     Where any listed company is found to have any event set forth in any of the Items of Paragraph 1 of Article 50 of the Operation Rules of this Corporation, the matter will be handled by this Corporation in accordance with the following procedures:
  1. Where a listed company fails to make a public announcement of its financial statements within the time limit set forth in Article 36 of the Securities and Exchange Law in violation of Item (1) [of Paragraph 1 of Article 50 of the Operation Rules], this Corporation will, within three (3) business days following the expiry of the said time limit, report the matter to the Competent Authority and will after obtaining an approval from the Competent Authority, publicly announce the suspension of the trading of its securities commencing from the second business day following the date of such public announcement.
  2. Where a listed company has the event set forth in Item (2), this Corporation, on the date it learns of the event, or the date it receives notification of the court ruling prohibiting the transfer of shares, or the date of the disclosure of this material information of the listed company (whichever date is earlier), shall first proceed to publicly announce the suspension of the trading of the company's securities commencing from the business day following the date of such public announcement, and shall report the circumstances of the suspension of trading and the public announcement to the competent authority for recordation.
  3. Where a listed company has any of events set forth in Item (3), (4) or (5), this Corporation will report the failure of the listed company to correct or improve to the Competent Authority within three (3) business days following the expiry of the time limit and will, after obtaining an approval from the Competent Authority, publicly announce the suspension of trading of its securities commencing from the second business day following the date of such public announcement.
  4. Where a listed company has any of the events set forth in Item (6) or (7), this Corporation will report the matter to the Competent Authority within three (3) business days following the date on which the occurrence of such event has been verified by this Corporation and will, after obtaining an approval from the Competent Authority, publicly announce the suspension of trading of its securities commencing from the second business day following the date of such public announcement.
2     In case a listed company has any of the events set forth in the preceding items and trading in its securities has been publicly announced by this Corporation to be suspended with the approval of the Competent Authority, yet it has submitted its financial statements, or has made necessary correction, or the event has extinguished prior to the date on which its securities shall be suspended from trading, the implementation of such suspension of trading will be withheld, and the matter shall be reported to the Competent Authority for recordation. In case the expiration date of the foregoing time limit falls on a Sunday or a holiday, the expiration date shall be postponed to the next business day.
3     In case a listed company has any of the events set forth in any Item of Paragraph 2 of Article 50 of the Operation Rules of this Corporation after its securities have been suspended from trading, then the trading of its securities shall be resumed in the same manner as the resumption of trading of those securities under Paragraph 1 [of Article 50 of the Operation Rules].
4     The implementing procedures set forth in Paragraph 2 of the Explanations of the Public Announcement, Ref. No. Taiwan Securities-(86)-Listed-28220, previously made on January 6, 1997 by this Corporation shall be null and void.