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Amendments

Title：

Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings  CH

Amended Date： 2024.03.11 (Articles 6-2 amended,English version coming soon)
Current English version amended on 2023.09.05 
Categories： Primary Market > Review
Article Content Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese

Title： Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings(2011.05.27)
Date：
Article 14 The term "serious deterioration" as used in Article 9, paragraph 1, subparagraph 7 of the Rules shall mean any of the following circumstances:
1. Operating revenues and operating profits for the most recent fiscal year or the fiscal year in which the application for listing is filed show a marked deterioration relative to other enterprises in the same industry.
2. Net pre-tax profits for the most recent fiscal year or the fiscal year in which the application for listing is filed show a marked deterioration relative to other enterprises in the same industry.
3. There is continuing negative growth in operating revenues and operating profits for each of the 3 most recent fiscal years.
4. There is continuing negative growth in net pre-tax profits for each of the 3 most recent fiscal years.
5. Aggregate capital increases for the 3 most recent fiscal years equal NT$1 billion or more, or are equal to 200 percent of the company's capital stock at the closing date of the fourth fiscal year prior to that period, and growth in operating revenues, comparing the most recent fiscal year with the fourth prior fiscal year, falls below 100 percent or NT$500 million, and the profit per share has been declining in each of the previous 3 years, provided that capital increases in accordance with mandatory government laws and regulations shall not be subject to these limitations.
6. The company's products or technology are outdated, and it has no plan for improvement.
The provisions of the preceding paragraph do not apply where the ratio of paid-in capital to operating revenues and net pre-tax profit in the most recent fiscal year are not lower than 12 percent.
When consolidated financial statements are prepared, the provisions of paragraph 1, subparagraphs 1 and 3 and of paragraph 2 with regard to operating revenues and operating profits need not apply to the individual financial statements of which it is comprised.
The provisions of subparagraphs 3 and 4 of paragraph 1 do not apply where, due to economic conditions prevailing in the industry, similar enterprises also exhibit deterioration.