Chapter V – Accounting

The Company's fiscal year shall commence on January 1st of each year, and ends on December 31st of the same year. The final accounts are settled at the end of the Company's fiscal year.

The Board of Directors shall in accordance with laws furnish various documents and statements and forward the same to the Supervisors for review no later than 30 days prior to the general shareholders' meeting, following which the said statements reviewed by the Supervisors and their reports shall be submitted for approval at the general shareholders' meeting.
The appointment, dismissal and remuneration of the accountants, who audit and review the above documents and statements, shall be resolved at the meeting of the Board of the Directors.

Apart from paying all its income taxes in the case where there are net income at the end of the year, the Company shall make up for accumulated losses in past years. Where there is still balance, 10% of which shall be set aside by the Company as legal reserve and a special serve as required by law shall be set aside. Subject to certain business conditions under which the Company may retain a portion of the remaining balance, the Company may distribute to the shareholders the remainder together with undistributed profits from previous years in the following manner:
一、60% as share interest, to be distributed based on the shareholding of each shareholder. However in the case of increase in the Company's share capital, unless otherwise provided by laws, the share interest to be distributed to the shareholders of increased shares for the year shall be decided by the shareholders' meeting.
二、33% as shareholders' bonuses to be distributed based on the shareholding of each shareholder. However in the case of increase in the Company's share capital, the shareholders' bonus to be distributed to the shareholders of increased shares for the year shall be decided by the shareholders' meeting.
三、3% as remuneration for Directors and Supervisors.
四、4% as employees' bonuses.

Allocation of surplus assets to prefer shares of the Company shall not exceed the par value.

Chapter VI – Supplementary Provisions

The organizational rules and bylaws of the Company shall be drawn and amended additionally.

At the close of each fiscal year, all the statements and records of accounts prepared by the Board of Directors shall be submitted to each shareholder after the ratification by the general shareholders' meeting in accordance with Paragraph 1, Article 230 of the Company Act.

These Articles of Incorporation were drafted on January 27, 1957, and came into effect following its approval by the competent authorities. Amendments shall take effect following their approval at the shareholders' meetings.

First amendment on March 5, 1958;
Second amendment on February 5, 1960;
Third amendment on October 20, 1961;
Fourth amendment on April 21, 1962;
Fifth amendment on March 24, 1963;
Sixth amendment on October 22, 1963;
Seventh amendment on July 28, 1964;
Eighth amendment on October 22, 1965;
Ninth amendment on April 23, 1966;
Tenth amendment on April 15, 1967;
Eleventh amendment on April 22, 1968;
Twelfth amendment on April 30, 1969;
Thirteenth amendment on April 25, 1970;
Fourteenth amendment on July 8, 1970;
Fifteenth amendment on April 28, 1971;
Sixteenth amendment on April 27, 1973;
Seventeenth amendment on May 3, 1974;
Eighteenth amendment on April 28, 1975;
Nineteenth amendment on April 8, 1976;
Twentieth amendment on September 24, 1976;
Twenty-first amendment on April 15, 1977;
Twenty-second amendment on April 21, 1978;
Twenty-third amendment on April 26, 1979;
Twenty-fourth amendment on April 21, 1980;
Twenty-fifth amendment on April 24, 1981;
Twenty-sixth amendment on April 28, 1982;
Twenty-seventh amendment on April 28, 1983;
Twenty-eighth amendment on April 25, 1984;
Twenty-ninth amendment on April 29, 1985;
Thirtieth amendment on April 23, 1986;
Thirty-first amendment on April 16, 1987;
Thirty-second amendment on April 12, 1988;
Thirty-third amendment on April 12, 1990;
Thirty-fourth amendment on April 12, 1991;
Thirty-fifth amendment on May 7, 1992;
Thirty-sixth amendment on May 7, 1993;
Thirty-seventh amendment on May 6, 1994;
Thirty-eighth amendment on April 28, 1995;
Thirty-ninth amendment on May 17, 1996;
Fortieth amendment on May 14, 1997;
Forty-first amendment on May 13, 1998;
Forty-second amendment on May 14, 1999;
Forty-third amendment on May 12, 2000;
Forty-fourth amendment on May 16, 2001;
Forty-fifth amendment on June 7, 2002;
Forty-sixth amendment on June 9, 2005;
Forty-seventh amendment on June 7, 2006.