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Relevant Laws

Title：Regulations Governing Public Tender Offers for Securities of Public Companies (2023.12.04)
Article 7     Any public tender offer to purchase the securities of a public company shall not be made until after a report has been filed with the FSC and a public announcement made, except under the circumstances set forth in Subparagraphs 1 to 3 of Paragraph 2 of Article 43-1 of the Act.
    For any competitive public tender offer for securities issued by the same public company, a report of public tender offer shall be filed with the FSC and a public announcement made at least five trading days prior to the expiry date of the original public tender offer period.
Article 18     The length of public tender offer period shall not be less than 20 days nor more than 50 days.
    If what is provided under Paragraph 2 of Article 7 occurs or for another legitimate reason, the original Offeror may report to the FSC and make a public announcement of an extension of the public tender offer period. However, the extension period shall not exceed 50 days, and shall be limited to one time only.