| Q1: |
Is it possible to subscribe less or more common stock issued for cash? |
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(1) less subscription: yes
(2) more subscription: no
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| Q2: |
Whether it is possible for the shareholder to make such payment after the payment for issuance of common stock for cash is not made before the deadline? |
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Where the subscriber fails to make the payment before the prescribed time limit that prolongs more than one month, he/she shall forfeit his/her right. Where the prescribed time limit prolongs less than one month, it is necessary to inform the subscriber to make such payment with another time limit that shall prolong more than one month and declare that if the subscriber fails to make the payment again, he/she shall forfeit his/her right.
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| Q3: |
What can I do if the shareholder fails to receive the notice for issuance of common stock for cash and the time limit expires too? |
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The notice will be sent out via registered mail. Therefore, the reason why the shareholder fails to receive it should be that there is no one at the communication address or the shareholder has not yet applied for change of his/her address with this Company. Besides, it is impossible to make such payment since the Company has closed the account of common stock issued for cash.
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| Q4: |
Can the payment be refunded if the issuance of common stock for cash fails? |
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Yes, and with accrued interest (accruing from the date of payment made by each shareholder at the applicable interest rate until the day preceding to the due date of check).
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| Q5: |
Can the original shareholders' options be transferred and are there any restrictions on the transferee? |
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The original shareholders' options can be transferred subject to the relevant requirements. There are not any restrictions on the transferee?
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| Q6: |
When will the common stock be released upon payment made for the issuance of common stock for cash? |
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The issuing company will release the stock within 30 days upon receipt of the MOEA's written approval on the change of capital after the deadline for the payment of the issuance of common stock for cash?
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Relevant Q&A-Issuance of common stock for cash