| Article 2 |
The term "change in managerial control" referred to in Article 50, Paragraph 1, Subparagraph 14, Article 50-3, Paragraph 1, Subparagraph 11, and Article 50-9, Paragraph 1, Subparagraph 12 of the TWSE Rules means any of the following circumstances:
- Any person solely or collectively with others obtains more than 50% of the issued voting shares of a listed company, causing a transfer of control.
- Any person solely or collectively with others has control over a majority of the voting rights of the board of directors, causing the original management of a listed company to lose its control.
- Other special circumstances deemed by the TWSE as a change in managerial control.
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