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Article 31-1
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The phrase "where the TWSE deems it necessary to extend the term of appointment" in Article 34, paragraph 1, subparagraph 2 of the Rules shall mean any of the following:
- The listed securities are placed under an altered trading method by the TWSE in accordance with Article 49-4 of the Operating Rules.
- Trading of the listed securities is suspended by the TWSE in accordance with Article 50 of the Operating Rules.
- A cumulative penalty over NTD 1 million is imposed for violations of the TWSE bylaws during the most recent fiscal year in which the expiration date of the appointment contract falls.
- Other reasons for which the TWSE deems an extension necessary.
An extension of appointment as in the preceding paragraph is limited to an fiscal year in principle. Upon the expiration of the extension, the Taiwan Innovation Board listed company or Taiwan Innovation Board primary listed company may request the TWSE to terminate the continuation of appointment if none of the circumstances in the preceding paragraph applies; if any of such circumstances still applies, the term of appointment shall continue to be extended until the fiscal year in which none of such circumstances applies before the appointment may be terminated.
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