Frequently Asked Questions About UMCs Conversion Sale Program 1) What is the purpose of the UMC Conversion Sale Program?
The purpose of the UMC Conversion Sale Program (the “Program”) is to facilitate sales, in a coordinated fashion, by holders of UMC common shares in the form of American Depositary Shares (“ADSs”). The ability of the shareholders to convert and sell UMC common shares in ADS form is limited under certain ROC and U.S. securities laws and certain provisions of UMC’s ADS Deposit Agreement with Citibank, as Depositary. As a result, UMC has established the Program under which UMC will assist qualified selling shareholders in obtaining the regulatory approvals required to sell their UMC common shares in the form of ADSs. This is intended to make the process of conversion and sale of UMC common shares in ADS form more streamlined and practical. UMC does not recommend or promote the sale of UMC common shares by its shareholders. The Program permits conversion of UMC common shares into ADSs for the purpose of sale only, and holders of UMC common shares will not be allowed to convert UMC common sh
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