According to the amended Paragraph 2 of Article 197 of the Company Act passed by the Legislative Yuan on January 30, 2013, a newly-elected director shall lose the directorship if he/she transfers more than a half of shares held by him/her (i) before taking office or (ii) within the fixed period of share transfer suspension prior to convening the shareholders' meeting.  Before the amendment, the prohibition of a newly-elected director from taking office only applies when the director is elected in a re-election convened before the expiration of the director’s term of office.  The amendment deletes the limitation and expands the scope of applicability.