Article 1
    These Rules are established in accordance with the provisions of Article 73 of the Operating Rules of the Taiwan Stock Exchange Corporation.

Article 2
    For purposes of these Rules, "certificates of entitlement to new shares" shall refer to the certificates representing entitlement to new shares distributed by a listed company in the event of issue of new shares for capital increase in accordance with the provisions of Articles 240 and 241 of the Company Act, for which it contracts a centralized securities depository enterprise for book-entry operation in accordance with the Regulations Governing the Administration of Shareholder Services of Public Companies.

Article 3
    The daily price fluctuation limits on initial listings of certificates of entitlement to new shares shall be determined with reference to the closing price of the old shares (common shares available in the market) on the previous business day minus the value difference on rights; provided where the difference on rights cannot be determined, the price fluctuation limit shall be determined with reference to the closing price of the old shares on the previous business day. Where there is no closing price for the old shares on the previous business day, the price determined according to the principle set out in Article 58-3, paragraph 2, subparagraph 2 of the Operating Rules of the TWSE shall be used.

Article 4
    A principal shall open a central custodial book-entry account before a securities broker may accept an order placed by the principal.

Article 5
    The order price quote for certificates of entitlement to new shares in the TWSE market may ben entered via the terminal 30 minutes before the beginning of the trading hours of the market, and the order will only be valid on the same day.
    If the certificates of entitlement to new shares in the preceding paragraph are issued under the securities with an altered trading method, the time for entering the order price quote for the securities with an altered trading method shall be applicable to these certificates.

Article 6
    The number of certificates in a purchase order quote may be one trade unit or its multiples. In the case that the number is less than one trade unit, the Regulations Governing Odd-lot Trading of Listed Securities shall apply, and purchase order quotes shall be suspended three business days before the trading day of the replacement securities.

Article 7
    Certificates of entitlement to new shares are traded on the computer automated trading system on the TWSE market, and trading of these certificates is governed by these Rules. For matters not provided for in these Rules, the Operating Rules and the applicable requirements under other policies and regulations of the TWSE shall govern.

Article 8
    The applicable requirements under the Operating Rules of the TWSE shall apply mutatis mutandis to the clearing and settlement of certificates of entitlement to new shares.
    Transfers, conversions and other related operational matters of certificates of entitlement to new shares are governed by the regulations governing centralized securities depository enterprises.

Article 9
    Certificates of payment for shares issued for capital increase in accordance with the Regulations Governing the Offering and Issuance of Securities by Securities Issuers and approved for listing shall be traded in accordance with these Rules.
    In the event of issue of preferred shares for capital increase in the preceding paragraph, the issue price of their certificates of payment for shares in the initial listing may be used as the reference basis for calculating the fluctuation limits.

Article 10
    These Rules shall take effect after having been submitted to and approved by the competent authority. T Subsequent amendments thereto shall be effected in the same manner.