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Article 2
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A company repurchasing its own shares at a centralized securities exchange market or at the place of business of a securities firm shall, within two days counting from and inclusively of the day on which the resolution was made at a meeting of the board of directors, publicly announce the repurchase, and report the below listed items to the Financial Supervisory Commission (FSC):<br/>1. Purpose of the repurchase.<br/>2. Types of shares to be repurchased.<br/>3. Ceiling on total monetary amount of the repurchase.<br/>4. Planned period for the repurchase, and number of shares to be repurchased.<br/>5. Price range of the shares to be repurchased.<br/>6. Method for the repurchase.<br/>7. Number of shares held at the time of reporting.<br/>8. Any repurchases within five years prior to the time of reporting.<br/>9. Any repurchases that have been reported but not completed.<br/>10. Record of decision to repurchase shares resolved by the board of directors.<br/>11. Rules for Transfer of Shares provided in Article 10 of these Regulations.<br/>12. Rules for Conversion of Shares or Rules for Subscription of Shares provided in Article 11 of these Regulations.<br/>13. Declaration that the financial state of the company was considered at a meeting of the board of directors and that the maintenance of its capital would not be affected by the repurchase.<br/>14. Appraisal by a certified public accountant or securities firm of the reasonableness of the price of the shares to be repurchased.<br/>15. Other items specified by the FSC.<br/>Within two months counting from and inclusively of the day of expiration of the reporting period for the planned repurchase, the company may, through a majority vote at a meeting of the board of directors attended by at least a two-thirds quorum, amend the originally reported purpose of the repurchase by filing a report with the FSC.<br/>Reporting documents filed pursuant to these Regulations shall be prepared in the format prescribed by the FSC. The same shall apply to any subsequent supplementation.
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