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Article 2
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Insofar as there is no conflict with the laws and regulations of the country where it is registered and the country where it is listed, a secondary listed company may repurchase its Taiwan depositary receipts on the TWSE centralized securities market upon the approval of a majority of the directors present at a board of directors meeting attended by two-thirds or more of the directors.
A resolution of the board of directors under the preceding paragraph and the status of implementation thereof shall be reported to the next following shareholders meeting. The same shall apply to any failure to repurchase the Taiwan depositary receipts for any reason.
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