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Article 14
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If a domestic issuer applies for registration of its stock as an emerging stock, the prospectus that it submits may adopt the version that it prepared most recently pursuant to the Prospectus Regulations. However, the figures related to business and finance must be updated to the figures in the most recent financial statement.<br/>If the issuer applies, in the status of a venture capital firm, for registration of its stock as an emerging stock, it shall furthermore comply with the following rules:<br/>1.The sentence: " The Company is a venture capital firm, whose main business is investment. The investment targets have the characteristics of long development times, high investment expenditures, and no guarantee of success. Investors please pay special attention." shall be printed prominently on the front cover of the prospectus (supplementing the provisions under Article 3 of the Prospectus Regulations).<br/>2.The summary section in the prospectus (supplementing the provisions under Article 7 of the Prospectus Regulations, and amending Table 1) shall additionally list the following matters:<br/>A.A summary chart of the top five investee companies, including the name of the company, main products, market structure, the applicant company's shareholding percentage in the investee company, and the ratio of the total amount of the investment to the applicant company's total assets as listed in the most recent financial report.<br/>B.The ratio of the total amount of investment to the applicant company's total assets at the time of applying for emerging stock registration, and on the date of the financial reports for the most recent 2 fiscal years.<br/>C.Investment in TWSE (or TPEx) listed securities and securities listed on the emerging stock market.<br/>3.In the risk assessment matters (supplementing the provisions under Article 9 of the Prospectus Regulations), a description shall be added of risks such as the lack of transparency of the fair value of companies among its investment targets that are not TWSE or TPEx listed, the possibility of significant changes in its investment portfolio, and measures to address these risks.<br/>4.The section on operation of the company (supplementing the provisions under Article 19 of the Prospectus Regulations) shall describe the operations and investment decisions of the applicant company (and must include the investment target policies, strategies, scope, regions, decision-making process, and the principles and methods for exercising voting rights), and additionally shall describe item-by-item the operations and profits with respect to the markets and the production/sales of each investee company.
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