3. In necessary cases, if the foreign-invested vocational school has a longer operation period than specified in clause 1 of this Article, they shall send a report to the Prime Minister for decision. Section 2: APPLICATION DOCUMENTS AND PROCEDURES FOR DIVIDING, MERGING AND DISSOLVING FOREIGN-INVESTED VOCATIONAL SCHOOLS AND CHANGING THEIR NAMES; TERMINATING THE OPERATION OF BRANCH CAMPUSES OF FOREIGN-INVESTED INTERMEDIATE SCHOOLS AND COLLEGES

## Article 17. Division and acquisition of foreign-invested vocational schools

1. Rules for dividing and merging foreign-invested vocational schools:

- a. Comply with the vocational school network planning scheme which has been approved by the competent regulatory agency;
- b. Ensure the benefits of students, teachers, lecturers, administrative officials, employees and workers;

c. New vocational schools which are established after the division and acquisition process shall satisfy the requirements specified in Article 9 hereof. 2. Application dossier for division and acquisition of foreign-invested vocational school shall consist of: a. A application form of the applicant. Such form shall specify the reasons and purposes of such division and acquisition; the head office, branch campus and training location of the vocational school after being merged and the new head office of such school after being divided; b. Meeting minutes of stakeholders or venturers which specify information about the division and acquisition of the foreign-invested vocation school.

- c. One of the following documents:

An acquisition contract signed by the legal representatives of vocational schools. The acquisition contract must specify the name and head office address of the merging vocational school; address and head office address of the merged vocational school; acquisition procedures and requirements; methods for students, teachers, administrative officials, employees and workers; deadline, procedures and requirements for transferring assets and stakes of the merged vocational school to become the stakes of the merging vocational school, and acquisition deadline. Division and acquisition proposal of the foreign-invested vocational school which has been approved by the owner of such school. The division and acquisition proposal of the vocational school shall comply with the current regulations and shall specify the name and address of the divided vocational school; name and address of the vocational school after the division; property division principles and procedures; plans for students, teachers, administrative officials, employees and workers; deadline and procedures for transferring the stakes of the divided vocational school to the newly-established vocational school; rules for fulfilling the obligations of the divided vocational schools; and deadline for dividing such schools. The division proposal shall be sent to all lenders (if any) and a written notification shall be sent to students, teachers, administrative officials, employees and workers within 30 days after the proposal is approved. 3. Authority to divide and merge the foreign-invested vocational schools: The competent person who permits the establishment of the foreign-invested vocational school and is mentioned in Article 13 hereof shall have the authority to permit the division and acquisition of such school.