The FSC amended the Issuance Regulations on August 6, 2015, changing the “material change in management” language to “material change of at least 1/3 of directors”.  Also, based on the Issuance Regulations, employee stock options and restricted stock units issued to a single employee cannot, in total, exceed the prescribed thresholds.  The FSC amended the Issuance Regulations to allow for special exception to such thresholds on a case-by-case basis as approved by the relevant authority.