Article NO. Content

Title:

Regulations Governing Information to be Published in Financial Institution Prospectuses for Offering and Issuance of Securities 

Amended Date: 2020.03.24 
Article 24 The following items shall be included in the analysis regarding the allocation plan for capital raised through the previous: (a) cash capital increase; (b) issuance of new shares to carry out a merger or acquisition, or to accept transfer of shares of another company; (c) issuance of financial bonds; or (d) issuance of corporate bonds:
1.Contents of the plan: Analyses regarding the previous plan for cash capital increase, merger or acquisition, issuance of new shares to accept transfer of shares of another company, issuance of financial bonds, or issuance of corporate bonds. In the case of any previous plan for cash capital increase, merger or acquisition, issuance of new shares to accept transfer of shares of another company, issuance of financial bonds, or issuance of corporate bonds that was still uncompleted as of the quarter preceding the date of publication of the prospectus, or in the case of any completed plan where not more than three years passed between the date of registration (application) and the actual completion date, explain in detail the contents of each plan for cash capital increase mentioned above, including information on any change to the plans, the sources and uses of capital, reasons for any changes, a comparison of return on capital raised before and after the change, and date on which the change of plans was submitted to the shareholders meeting. The date on which the information was submitted to an information reporting website designated by the FSC shall also be published.
2.Implementation status: Analyze, item by item, the status of the plan's implementation and compare with the originally projected returns as of the quarter preceding the publication date of the prospectus based on the purpose of each of the above-mentioned plans. If the implementation progress or the returns do not reach the projected target, provide a concrete explanation of the reasons, the impact on shareholders' equity, and plans for corrective action. Where the content of any of the plans referred to in the preceding subparagraph conform with the conditions in any of the following sub-items, they shall additionally disclose the following:
A.If the purpose is merger, acquisition, or acceptance of transfer of the shares of another financial institution, or for expansion or new construction of real properties or equipment, provide a comparison of the real properties or equipment, revenues, expenses, losses, and income before tax.
B.If the purpose is to invest in other companies, provide a description of the investee enterprise's operation status and its impact upon the company's investment profit/loss.
C.If the purpose is to strengthen operating capital or pay off liabilities, provide a comparison of the increase and decrease of current assets, current liabilities, and total liabilities, revenues, expenses, losses, and earnings per share, and analyze the company's financial structure.