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Article 13
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A bid form to which any of the following circumstances applies is invalid and will be disqualified from the tender without refund of the bid processing fee:
- The bid price is lower than the minimum offering price as prescribed by Article 8 paragraph 1 subparagraph 2;
- The quantity of securities bid for is lower than the minimum bidding unit or exceeds maximum bid quantity per bid form;
- The bid deposit or the bid processing fee has not been paid in full;
- The trading account number (11 digits) has not been properly filled in, or the information is not true.
- The ID number or uniform invoice number has not been properly filled in, or the information is not true.
- If a natural person, the date of birth has not been properly filled in, or the information is not true.
- The stock code has not been properly filled in.
- The identity of the bidder violates the requirements set forth under Articles 35 and 36.
- Failure to open a trading account, a book-entry bank account for remittance of funds, or a book-entry account for securities custody.
- Failure to sign a contract with the bank designated by the securities broker for deductions of funds in connection with the competitive auction.
- The balance in the bidder's book-entry bank account for remittance of funds is lower than the sum total of the deposit and bid processing fee required for the bid for the securities.
- The bidder has submitted the bid in the name of another, or falsely using the name of another.
The per-share (or per-lot) bid price shall be expressed in units no smaller than one cent; decimal figures smaller than one cent shall be rounded up or down.
Bid quantity shall be expressed in units of one thousand shares (or in lots).
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