P AR T I No deposits of shares may be made in a depositary receipt facility and no depositary shares may be issued against deposits  without specific Securities and Futures Bureau approval, unless they are:  (i)  stock dividends;  (ii)  free distributions of shares;  (iii)  due to the exercise by the depositary receipt holder preemptive rights in the event of capital increases for cash; or  (iv)  if permitted under the deposit agreement and custody agreement and within the amount of depositary receipts which  have been withdrawn, due to the direct purchase by investors or purchase through the depositary on the Taiwan Stock  Exchange or the GreTai Securities Market or delivery by investors of the shares for deposit in the depositary receipt  facility. In this event, the total number of depositary receipts outstanding after an issuance cannot exceed the number  of issued depositary receipts previously approved by the Securities and Futures Bureau of the Financial Supervisory  Commission in connection with the offering plus any ADSs issued pursuant to the events described in (i), (ii) and (iii)  above.  ●  the proceeds of the sale of common shares represented by ADSs or received as share dividends with respect to the common  shares and deposited into the depositary receipt facility; and  ●  any cash dividends or distributions received from the common shares.  An ADS holder or the depositary, without obtaining further approvals from the Central Bank of the Republic of China  (Taiwan) or any other governmental authority or agency of the Republic of China, may convert NT dollars into other currencies,  including U.S. dollars, in respect of:  In addition, the depositary may also convert into NT dollars incoming payments for purchases of common shares for deposit  in the depositary receipt facility against the creation of additional ADSs. If you withdraw the common shares underlying your  ADSs and become a holder of our common shares, you may convert into NT dollars subscription payment for rights offerings. The  depositary may be required to obtain foreign exchange payment approval from the Central Bank of the Republic of China (Taiwan)  on a payment-by-payment basis for conversion from NT dollars into foreign currencies of the proceeds from the sale of subscription  rights of new common shares. Although it is expected that the Central Bank of the Republic of China (Taiwan) will grant approval as  a routine matter, required approvals may not be obtained in a timely manner, or at all.  Taiwan’s Foreign Exchange Control Statute and regulations provide that all foreign exchange transactions must be executed  by banks designated to handle foreign exchange transactions by the Financial Supervisory Commission and by the Central Bank  of the Republic of China (Taiwan). Current regulations favor trade-related foreign exchange transactions. Consequently, foreign  currency earned from exports of merchandise and services may now be retained and used freely by exporters. All foreign currency  needed for the importation of merchandise and services may be purchased freely from the designated foreign exchange banks.  Aside from trade-related foreign exchange transactions, Taiwan companies and residents may remit to and from Taiwan  foreign currencies of up to US$50 million (or its equivalent) and US$5 million, (or its equivalent), respectively, in each calendar year.  These limits apply to remittances involving a conversion between New Taiwan dollars and U.S. dollars or other foreign currencies. A  requirement is also imposed on all private enterprises to register all medium and long-term foreign debt with the Central Bank of the  Republic of China (Taiwan).  In addition, a foreign person without an alien resident card or an unrecognized foreign entity may remit to and from Taiwan  foreign currencies of up to US$100,000 per remittance if required documentation is provided to Taiwan authorities. This limit applies  Exchange Controls 114