Taiwan Depository Clearing Corporation (TDCC) Established Agreement with Broadridge for STP Cross-Border Voting on November 28, 2014

TDCC signed a memorandum of understanding (MOU) on July 24, 2014, with Broadridge Financial Solutions ("Broadridge"), the largest provider of electronic voting platforms in the world. Afterwards, TDCC and Broadridge concluded a cooperative agreement on November 28, 2014, with regard to Straight Through Processing (STP) for cross-border voting. Representatives from the two parties at the contract signing were, respectively, Sherman Lin, President of TDCC, and Tom Carey, President of Broadridge. Through the cooperative agreement, the two parties will, from 2015, begin provision of STP services to overseas investors for execution of cross-border voting at shareholders' meetings in Taiwan. The service will benefit more than 80% of the overseas investors in the Taiwan stock market and improve efficiency of related operations.

Ding Kung-wha, Chairman of TDCC, indicated that, in order to support policy of the competent authority for construction of a "Corporate Governance Roadmap", TDCC completed STP system development and carried out information system testing in November with market participants including local custodian institutions and share issuing and shareholder services agencies. The system will be formally launched on December 29, 2014. In addition to supporting reconciliation of overseas investors' accounts between domestic custodian institutions and share issuing and shareholder services agencies, the system can also, through its direct link with Broadridge, transmit standardized meeting agenda (English language versions) compiled by local custodian institutions to overseas investors for reference and automatically process voting instructions given by overseas shareholders. This will improve the efficiency of the voting process for overseas investors at shareholders' meetings.