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Title:

Taiwan Stock Exchange Corporation Principles for Handling Information Disclosure on the Taiwan Depositary Receipt Key Financials Section of the Market Observation Post System (MOPS)  CH

Amended Date: 2013.01.22
1     Basis:
    These Principles are adopted pursuant to Article 8 of the Taiwan Stock Exchange Corporation Rules Governing Information Reporting by Companies with TWSE Listed Securities and Offshore Fund Institutions with TWSE Listed Offshore Exchange Traded Funds.
Info
2     Purpose:
    The Taiwan Depositary Receipt Key Financials Section (hereinafter, the "TDR Key Financials Section") is specially designated for Taiwan Depositary Receipts ("TDRs"). The content of the TDR Key Financials Section is a compilation of financial key points taken from the data disclosed on the Market Observation Post System ("MOPS") and the information filed with the TWSE by the respective companies. It is provided for users' easy reference, and to remind and alert investors to key information, and reinforce early-warning functions.
    Investors shall still carefully review the information related to the financial operations of each such company in the MOPS before making any investment.
    If there is any false representation in the information disclosed in the TDR Key Financials Section, each company shall bear sole legal liability for its own information.
3     Disclosure Items:
  1. Basic Information:
    Includes: (i) ticker code, (ii) company name, (iii) the number of shares of original stock represented per TDR unit, (iv) the balance sheet date as specified in the financial report for the most recent period, (v) the period of the statement of comprehensive income as specified in the financial report for the most recent period, (vi) whether or not the financial report has been audited (or reviewed) by a certified public accountant of the country of original listing, and (vii) the type of opinion issued by the certified public accountant of the country of original listing.
  2. Disclosed Information:
    Includes: (i) accumulated earnings/deficit, (ii) net worth per share of the original stock, (iii) net worth per TDR unit, (iv) earnings per share of the original stock, (v) earnings per TDR unit, (vi) gross profit ratio, and (vii) net profit ratio.
  3. Warning Indicators:
    Indicator 1: The trading method is altered or trading is suspended.
    Indicator 2: The financial report for the most recent period shows an accumulated deficit, and after listing there has been a deficit for 3 consecutive fiscal years.
    Indicator 3: The financial report for the most recent period shows an accumulated deficit, and shows a debt ratio higher than 60 percent and a current ratio lower than 1.0 (financial and insurance enterprises excluded).
    Indicator 4: The financial report for the most recent period shows an accumulated deficit, and shows the net cash flows from operating activities for the most recent 2 years and the most recent period are both negative.
    Indicator 5: Matters to be published as determined by the TWSE after overall consideration.
  4. For the purposes of Indicator 1, "trading is suspended" means suspension of trading pursuant to Article 50-3, paragraph 7 of the TWSE Operating Rules.
  5. The TWSE may make adjustments to the relevant indicators in the TDR Key Financials Section based on its operational needs or assessment of the overall market environment, in order to alert users and improve early-warning efficiency.
4     Disclosure Method:
  1. When information disclosed in the TDR Key Financials Section meets conditions triggering any of the abovementioned indicators, it shall be marked in red to remind the users to pay attention to the difference.
  2. If indicator information marked in red meets any of the following conditions, it shall no longer be marked in red:
    Indicator 1: The reason for the altered trading method or suspension of trading is eliminated.
    Indicators 2 to 4: The financial report for the most recent period is found by the TWSE to be free of the circumstances triggering those indicators.
    Indicator 5: The financial report for the most recent period or any other relevant data is found by the TWSE upon overall consideration to be free of the circumstances triggering that indicator.
  3. When any of the indicators 2 to 4 is marked in red, the information on accumulated earnings/deficit shall also simultaneously be marked in red.
5     Time for Information Updates:
    Information disclosed in the TDR Key Financials Section is taken from the financial report for the most recent period that a TWSE secondary listed company has publicly announced and filed, or any other of the most recent information that it has disclosed on the MOPS or filed with the TWSE. Such information is automatically updated every night by the computer systems of the TWSE and is disclosed at 00:00 of the following day on the MOPS.
6     These Principles, and any amendments hereto, shall enter into force following submission to and approval by the TWSE president.