Taipei Exchange

Market Announcement

Date: ~

TPEx announce the amendment of “Taipei Exchange Rules Governing the Review of Securities for Trading on the TPEx”, and relevant regulations and documents, which takes effect on the date of promulgation.

Date: 2023/06/28

To comply with “Corporate Governance 3.0” and “Sustainable Development Action Plans for TWSE and TPEx Listed Companies (2023)”issued by FSC that require the applicant company for listing whose independent directors shall be no less than one-third of the board seats and gender diversification of its board members, to meet the requirement of listing examination practice , and to adopt the Intermediaries’ suggestions, TPEx amended the above regulations and documents regarding applying for TPEx listing. Besides, TPEx also amended the Article 51 of “Taipei Exchange Rules Governing the Trading of Emerging Stocks on the TPEx” to add the qualification conditions for qualified investors of Pioneer Stock Board.

To avoid affecting the rights and interests of the applicant company for TPEx listing, the amendments made to Article 10 of the "Taipei Exchange Rules Governing the Review of Securities for Trading on the TPEx," and relevant regulations regarding the independent directors shall be no less than one-third of the board seats and gender diversification of board members, the following buffer period shall apply:
1. Companies applying for listing in 2023 are obligated to meet the revised requirements no later than the 2024 Annual General Shareholders’ Meeting.
2. Companies applying for listing in 2024 are obligated to meet the revised requirements no later than the date of the shares' listing.
3. Companies applying for listing from 2025 onwards are obligated to meet the revised requirements at the time of submitting the application.