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Title: Taipei Exchange Securities Listing Fee Rates
Date: 2012.10.31 ( Amended )

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1     Rate tables for securities listing fees
  1. The rate table below applies to all stocks (including managed stocks and primary and secondary listings of foreign stocks), stock warrant certificates, and certificates of entitlement to new shares. However, certificates of entitlement to new shares converted from convertible corporate bonds are currently exempted from listing fees.
  2. TPEx listed domestic companies
    ┌───────────┬────────┬─────────┐
    │Total face value of   │Listing fee rate│Quick calculation │
    │TPEx listed securities│                │of the annual fee │
    ├───────────┼────────┼─────────┤
    │NT$300 million or less│0.04%           │NT$400 for every  │
    │                      │                │NT$1 million of   │
    │                      │                │face value,       │
    │                      │                │subject to a      │
    │                      │                │minimum fee of    │
    │                      │                │NT$100,000        │
    ├───────────┼────────┼─────────┤
    │Values above NT$300   │0.03%           │NT$300 fee        │
    │million up to NT$500  │                │collected for each│
    │million               │                │NT$1 million of   │
    │                      │                │nominal value     │
    ├───────────┼────────┼─────────┤
    │Values above NT$500   │0.02%           │NT$200 fee        │
    │million up to NT$1    │                │collected for each│
    │billion               │                │NT$1 million of   │
    │                      │                │nominal value     │
    ├───────────┼────────┼─────────┤
    │Values above NT$1     │0.01%           │NT$100 fee        │
    │billion up to NT$2    │                │collected for each│
    │billion               │                │NT$1 million of   │
    │                      │                │nominal value     │
    ├───────────┼────────┼─────────┤
    │Values above NT$2     │0.005%          │NT$50 fee         │
    │billion up to NT$3    │                │collected for each│
    │billion               │                │NT$1 million of   │
    │                      │                │nominal value     │
    ├───────────┼────────┼─────────┤
    │Values above NT$3     │0.0025%         │NT$25 for every   │
    │billion               │                │NT$1 million of   │
    │                      │                │face value        │
    └───────────┴────────┴─────────┘
    
    TPEx listed foreign companies
    ┌───────────────┬──────────────┐
    │Total units of TPEx listed    │Listing fee rate            │
    │securities                    │                            │
    ├───────────────┼──────────────┤
    │30 million units or below     │NT$400 for every 100,000    │
    │                              │units, subject to a minimum │
    │                              │fee of NT$100,000           │
    ├───────────────┼──────────────┤
    │Units above 30 million up to  │NT$300 for every 100,000    │
    │50 million                    │units                       │
    ├───────────────┼──────────────┤
    │Units above 50 million up to  │NT$200 for every 100,000    │
    │100 million                   │units                       │
    ├───────────────┼──────────────┤
    │Units above 100 million up to │NT$100 for every 100,000    │
    │200 million                   │units                       │
    ├───────────────┼──────────────┤
    │Units above 200 million up to │NT$50 for every 100,000     │
    │300 million                   │units                       │
    ├───────────────┼──────────────┤
    │Units above 300 million       │NT$25 for every 100,000     │
    │                              │units                       │
    └───────────────┴──────────────┘
    
  3. The rate table below applies to ordinary bonds (including corporate bonds, financial bonds, and foreign straight bonds). Government bonds, bonds issued by foreign governments, and bonds issued by the Central Deposit Insurance Corporation under the mandate of the Financial Restructuring Fund, Executive Yuan, are exempted from listing fees.
  4. ┌───────────┬────────┬─────────┐
    │Total face value of   │Listing fee rate│Quick calculation │
    │TPEx listed securities│                │of the annual fee │
    ├───────────┼────────┼─────────┤
    │Total face value of   │0.021% - 0.03%  │NT$210 - NT$300   │
    │bonds outstanding     │                │for every NT$1    │
    │                      │                │million of face   │
    │                      │                │value             │
    └───────────┴────────┴─────────┘
    
  5. The rate table below applies to convertible corporate bonds, foreign convertible corporate bonds, exchangeable corporate bonds, corporate bonds with warrants (including corporate bonds with warrants exercised or stripped), and foreign corporate bonds with warrants (including foreign straight bonds with warrants exercised or stripped).
  6. ┌───────────┬────────┬─────────┐
    │Total face value of   │Listing fee rate│Quick calculation │
    │TPEx listed securities│                │of the annual fee │
    ├───────────┼────────┼─────────┤
    │Total face value of   │0.021% - 0.03%  │NT$210 - NT$300   │
    │bonds outstanding     │                │for every NT$1    │
    │                      │                │million of face   │
    │                      │                │value, subject to │
    │                      │                │a minimum fee of  │
    │                      │                │NT$50,000         │
    └───────────┴────────┴─────────┘
    
  7. The rate table below applies to financial asset beneficial securities, asset-backed securities, and real estate asset trust beneficial securities
  8. ┌───────────┬────────┬─────────┐
    │Total face value of   │Listing fee rate│Quick calculation │
    │TPEx listed securities│                │of the annual fee │
    ├───────────┼────────┼─────────┤
    │Total face value of   │0.021% - 0.03%  │NT$210 - NT$300   │
    │bonds outstanding     │                │for every NT$1    │
    │                      │                │million of face   │
    │                      │                │value             │
    └───────────┴────────┴─────────┘
    
  9. For real estate investment trust beneficial securities: NT$500,000 in the initial year of TPEx listing, and for every year thereafter.
  10. Beneficial certificates of exchange-traded funds
  11. ┌───────────┬────────┬─────────┐
    │Total face value of   │Listing fee rate│Quick calculation │
    │TPEx listed securities│                │of the annual fee │
    ├───────────┼────────┼─────────┤
    │(Total face value of  │0.03%           │NT$300 fee        │
    │bonds outstanding)    │                │collected for each│
    │                      │                │NT$1 million of   │
    │                      │                │nominal value     │
    ├───────────┴────────┴─────────┤
    │The maximum TPEx listing fee is NT$300,000 per annum        │
    └──────────────────────────────┘
    
  12. Taiwan Depositary Receipts
  13. ┌───────────────┬──────────────┐
    │Total TPEx listed             │Listing fee rate            │
    │units                         │                            │
    ├───────────────┼──────────────┤
    │30 million units or below     │NT$200 for every 100,000    │
    │                              │units, subject to a minimum │
    │                              │fee of NT$50,000            │
    ├───────────────┼──────────────┤
    │Units above 30 million up to  │NT$150 for every 100,000    │
    │50 million                    │units                       │
    ├───────────────┼──────────────┤
    │Units above 50 million up to  │NT$100 for every 100,000    │
    │100 million                   │units                       │
    ├───────────────┼──────────────┤
    │Units above 100 million up to │NT$50 for every 100,000     │
    │200 million                   │units                       │
    ├───────────────┼──────────────┤
    │Units above 200 million up to │NT$25 for every 100,000     │
    │300 million                   │units                       │
    ├───────────────┼──────────────┤
    │Units above 300 million       │NT$12.5 for every 100,000   │
    │                              │units                       │
    └───────────────┴──────────────┘
    
  14. Call (put) warrants
  15. ┌───────────────┬──────────────┐
    │Total amount of TPEx listed   │Listing fee per annum       │
    │securities                    │                            │
    ├───────────────┼──────────────┤
    │NT$15 million or less         │NT$80,000                   │
    ├───────────────┼──────────────┤
    │More than NT$15 million up to │NT$70,000                   │
    │NT$30 million                 │                            │
    ├───────────────┼──────────────┤
    │More than NT$30 million       │NT$60,000                   │
    └───────────────┴──────────────┘
    
2     For applications (or registration filings) for TPEx listings of securities, the listing fees in the initial year of listing are calculated according to the tables presented above, prorated for the actual number of months listed (a duration less than one month is charged at the full-month rate).
3     Additional stock issued by a TPEx listed company for a capital increase, or stocks of a TPEx listed company that are of a different type than its existing TPEx listed stock, will be charged listing fees in aggregate with the existing TPEx listed stock, beginning from the year after the year of listing of the newly listed stock.
    Additional Taiwan Depositary Receipts (TDRs) issued by a foreign issuer and having rights and obligations identical to its existing TPEx listed TDRs will be charged listing fees in aggregate with the existing TDR units, beginning from the year after the year of listing of the newly listed TDR units.
    For ordinary bonds, convertible corporate bonds, foreign convertible corporate bonds, exchangeable corporate bonds, corporate bonds with warrants (including corporate bonds with warrants exercised or stripped), and foreign corporate bonds with warrants (including foreign straight corporate bonds with warrants exercised or stripped), the TPEx listing fees in the second year of listing are charged on the balance of issued bonds, prorated over the number of months that the bonds remain outstanding (a duration less than one month is charged at the full-month rate).
    For an issuer that, at the time of applying for or registering the TPEx trading of domestic or foreign corporate bonds with warrants, explicitly stated to the TPEx its intent to continue the TPEx trading of the corporate bonds even if the attached warrants become void, then all bonds of that series, whether domestic or foreign corporate bonds with warrants, or domestic corporate bonds of which the warrants have become void, or foreign straight bonds of which the warrants have become void, may be counted aggregately in the total face value of the balance of the issued corporate bonds with warrants for purposes of calculating the TPEx listing fee.
    TPEx listing fees for stripped company warrants are charged on the total issuance amount, which is calculated by multiplying the total quantity issued by the issuance price. The provisions of Article 1 regarding stocks shall apply mutatis mutandis, and the fees will be collected in one lump sum according to the duration of the listed company warrants.
4     Issuers of ordinary bonds, convertible corporate bonds, foreign convertible corporate bonds, exchangeable corporate bonds, corporate bonds with warrants (including those with warrants exercised or stripped), foreign corporate bonds with warrants (including foreign straight bonds with warrants exercised or stripped), beneficial securities, and asset-backed securities, when applying (or filing for registration) for TPEx listing, are required to pay the TPEx a processing charge of NT$5,000 for every category of securities applied for, up to a maximum of NT$200,000 per application. Issuers that apply for separate listings of principal-only and interest-only bonds are required to pay the TPEx a strip bond listing processing charge of not more than NT$1,000 per category, up to a maximum of NT$100,000 per year. However, processing charges are waived for government bonds, bonds issued by multinational institutions and foreign governments, and bonds issued by the Central Deposit Insurance Corporation under the mandate of the Financial Restructuring Fund, Executive Yuan.
5     For business promotion purposes, the TPEx may flexibly adjust the rates specified for bonds and beneficial securities in paragraph 2, subject to a minimum of 0.021%.
    Rate adjustments under the preceding subparagraph will be announced and implemented by the TPEx after they have been submitted to and approved by the competent authority on a case-by-case basis.
6     For each company, for any given year, the total TPEx listing fees for stock are capped at NT$450,000; the listing fees per TDR are capped at NT$450,000, the listing fees for ordinary bonds are capped at NT$500,000, the aggregate total listing fees for convertible corporate bonds, exchangeable corporate bonds, and corporate bonds with warrants (including bonds with warrants exercised or stripped) are capped at NT$500,000, and the aggregate total listing fees for foreign convertible corporate bonds and foreign corporate bonds with warrants (including foreign straight bonds with warrants exercised or stripped) are capped at NT$500,000.
    For beneficial securities and asset-backed securities that are issued in accordance with the Financial Asset Securitization Act, the total TPEx listing fees are capped at NT$500,000 per asset pool per year. For real estate investment trust beneficial securities that are issued in accordance with the Real Estate Securitization Act, the total TPEx listing fees are capped at NT$500,000 per real estate trust asset group per year.
    Listing fees on call (put) warrants are charged in one lump sum for the duration of the warrants according to the rate table shown in Point 1; warrants with a duration less than 6 months are charged at the 6-month rate. Follow-on issues of call (put) warrants are charged at NT$20,000 per issue.
    In the event that any call (put) warrant issuance units are retired during the duration of the warrants, the TPEx, on the date of delisting of the warrants, will recalculate the listing fees based on the issuance price per unit multiplied by the adjusted quantity; the latter is calculated by subtracting the number of retired units from the initial quantity issued. If the recalculation results in a shortfall, the issuer shall make up the difference within 5 days after receiving the notice from the TPEx.
7     For every subsequent year after the initial year of TPEx listing, the issuer is required to pay the listing fees to the TPEx by the end of January. If a company is delisted after paying the listing fees, the TPEx, after calculating the prorated fee based on the number of months of actual TPEx listing during the year (listings less than one month shall be charged at the full-month rate), will return the remainder to the company.
8     These Rates, and any amendments hereto, shall enter into force following passage by the TPEx's board of directors and submission to and approval by the competent authority.