SHARE CERTIFICATES MUST BE ISSUED IF PAID-UP CAPITAL EXCEEDS NT$500 MILLION

01/01/2002

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The amended Article 161-1 Paragraph 1 of the Company Law requires a company capital ex-ceeding an amount set by the central competent authority to issue share certificates within three months following registration of its establish-ment or registration of its issuance of new shares. A company with less capital than the threshold amount need not issue share certificates unless required by its articles of incorporation. In ac-cordance with the above provision, the MOEA announced on 23 November 2001 to set the threshold amount at NT$500 million.