​Management of Mutual Fund​

11. Increases in registered capital and scheme capital

(1) Closed-end mutual fund:

​​​1) The increases shall be specified in the scheme before the IPO;

​​​2) The increases shall not make the total investment unit value exceed the registered scheme capital (calculation based on the par value);

​3) Offering for sale at the price of the fund's NAV on the sale date.

​(2) Open-end mutual fund:

​1) The increases shall be clearly specified in the scheme;

​2) The increases shall not make the total investment unit value exceed the registered scheme capital (calculation based on the par value);

​​​3) An additional offering of investment units to increase the scheme capital can be made after the change in the scheme capital has been registered with the SEC.