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Article 5
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If an issuer applies for TPEx trading of its stock as a construction company, the section on special items to be included (supplementing the provisions under Article 31 of the Prospectus Regulations) shall additionally list the following matters: (not applicable to government-owned enterprises)
- A domestic issuer shall provide a written statement or undertaking that there are not, and there will not be, any non-arm's length transactions in its financial transactions, and shall disclose the policies on its important business operations.
- Disclose plans for land acquisition and construction
- The company's business strategies after TPEx listing (including land acquisition strategies and construction plan for the next 3 years)
- Information on individual construction projects for the past 3 fiscal years and up to the current year, including the project name, address and area of the base of the construction project, type of contract, commencement date of construction, completion date of construction (or the projected completion date), number of floors, number of households, total floor area, monetary amount reserved for its own use (cost), monetary amount from potential sales, gross income (or projected gross income), monetary amount from sold construction projects, number of households already sold, construction progress, and whether it is a joint venture construction, self construction, or other type of construction.
- Information on land that has been acquired but on which no construction has been started, and on individual projects planned, including the project name, whether it is a joint venture construction, self construction, or other type of construction, address and area of the base of the construction project, projected commencement date of construction, projected completion date, projected number of floors, projected number of households, projected total floor area, projected monetary amount reserved for its own use (cost), projected monetary amount from sales, projected gross income, announced current value, and current use.
- Inventory balance of projects that have been completed but have not yet been sold up to the current year. The sales figures for the fiscal year in which the date of application for TPEx listing falls and the subsequent fiscal year, and the ratio of the project's net worth to the total assets.
- The recommending securities firm's evaluation of the feasibility of the above-mentioned items 1 and 3, and the possibility of reaching the sales figures under item 4.
- The recommending securities firm's evaluation on whether there is any irregularity with respect to the source of the land that the company acquired or the uncompleted constructions or buildings for the most recent 5 fiscal years and the fiscal year in which the date of application for TPEx listing falls.
- If its profitability, after imputed calculation and deduction by certified public accountants (CPAs) of the revenue and gross profit derived from the following activities, remains in compliance with Article 3, paragraph 1, subparagraph 2 of the TPEx Review Rules, list the calculation result and its impact on the profitability:
- Purchase of completed or uncompleted construction projects from others (referring to projects for which 40 percent or more of the total construction cost was already invested).
- Purchase or sale of bare land or buildings already built.
- Acquisition of land or buildings originally owned by persons who were the counterparty/parties in what was a joint venture construction project, and subsequent sale thereof.
- Sale of buildings or land to a related party.
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