In August 2019, in order to implement the requirements of the pilot reform of the registration system for mergers and acquisitions and reorganizations of companies listed on the Science and Technology Creation Board (hereinafter referred to as STB), establish an efficient mergers and acquisitions and reorganizations system, and regulate the mergers and acquisitions and reorganizations of STB companies, the Securities and Futures Commission issued the Special Provisions on Major Asset Reorganizations of Listed Companies on the Science and Technology Creation Board