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Article 3
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If a company fails to effect announcement and reporting in accordance with the provisions of Article 2, it may not repurchase its own shares on a centralized securities exchange market or at the place of business of a securities firm. Whenever the cumulative number of shares repurchased accounts for at least two percent of the shares issued by the company, or the cumulative value of shares repurchased amounts to at least NT$300 million, the company shall, within two days counting from and inclusively of the day of the occurrence of one of the above facts, make an announcement of the date, number, type, and price of the shares.
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