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Article 9
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The daily price fluctuation limits on trading through competitive auction in regard to initial listings of bond conversion entitlement certificates shall be determined with reference to the closing price of the converted stocks on the previous day minus the value difference on rights; provided where the difference on rights cannot be determined, the price fluctuation limit shall be determined with reference to the closing price of the converted stocks on the previous day. Where there is no closing price for the converted stocks on the previous day, the price determined by the principle set out in Subparagraph 2, Paragraph 2, Article 58-3 of the TWSE Operating Rules shall be used.
The difference on rights in the preceding paragraph shall be calculated on the basis of the predictive number for distributions of shareholder equity that the listed company regularly reports to the TWSE in accordance with the listing contract, provided the listed company shall bear full responsibility for any discrepancy between the above reported number and the actual number.
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