| Article 1 |
These Determination Standards are established for the determination of whether a TPEx listed company (all references to a "TPEx listed company" here and below include TPEx primary listed companies) experiences a change in managerial control and a material change in the scope of business as set forth in Article 12-1, paragraph 1, subparagraph 17 of the Taipei Exchange Rules Governing Securities Trading on the TPEx (the "TPEx Trading Rules").
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| Article 2 |
The term "change in managerial control" in Article 12-1, paragraph 1, subparagraph 17 of the TPEx Trading Rules means any of the following circumstances:
- Any person solely or jointly with others obtains more than 50% of the issued voting shares of a TPEx listed company, causing a transfer of control.
- Any person solely or jointly with others has control over a majority of the voting rights of the board of directors, causing the original management of the TPEx listed company to lose its control.
- Other special circumstances deemed by the TPEx as a change in managerial control.
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| Article 3 |
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| Article 4 |
When a TPEx listed company within the period required by law submits its financial report to the TPEx, it shall submit therewith the Information Checklist on Change in Business Scope checked by a CPA.
If a TPEx listed company experiences a change in managerial control identified in Article 2, or if the Information Checklist specified in the preceding paragraph indicates there is a material change in the scope of business, the TPEx will disclose such change in the "Change in Control or Business Scope" section of the Market Observation Post System.
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| Article 5 |
These Determination Standards, and any amendments hereto, shall be implemented after submission to and recordation by the competent authority.
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