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After receiving an applicant's report on share transfer in accordance with these Procedures, the Taiwan Stock Exchange Corporation will verify if the number of shares to be transferred identified in the application matches the number of shares in the insider's most recent post-reporting. Upon verification, the TWSE shall issue a reply letter to the applicant, asking him or her to instruct the custodian bank to contact the Taiwan Depository & Clearing Corporation to complete the share transfer work within two weeks of receipt of the letter, with a copy to the Taiwan Depository & Clearing Corporation.
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