What is the aggregate number of shares to be sold in the Sale Period and what is the frequency?
In establishing the aggregate number of UMC common shares to be sold in the Sale Period (as defined below), UMC has sought advice from international investment banks and other advisors. It is UMC’s desire that the Program be designed and executed in an orderly manner to reduce the potential for disruption of the trading markets for UMC common shares and ADSs. UMC has built two features into the Program to achieve this the total number of UMC common shares to be sold in the Sale Period and the frequency of the Sale Period are limited so as to minimize the potential disruption in the ADS and UMC common share markets.
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