Subject to the provisions of Article 10, the transfer of shares shall be valid
upon the transferor’s endorsement of the share certificate by specifying the name of
the transferee and the share certificate being signed by the transferor and the
transferee, and upon delivery of the share certificate to the transferee.
The transfer of shares shall be valid against the Company when the Company has
received a request to register the transfer of shares, and shall be valid against a third
party after the Company has registered such transfer of shares.
If the Company considers that the share transfer is lawful, the Company shall register
the transfer of shares within 14 days from the date of receipt of the request. If the
Company considers that the transfer is incorrect and incomplete, the Company shall
notify the person making the request within 7 days.