Practical Handbook for Securities Affairs Representatives (IV): Guidelines and Operational Procedures for Information Disclosure and Meeting Document Preparation

This section helps standardize document drafting requirements and avoid basic errors—highly practical. Let’s get straight to the content. Chapter I: General Provisions Article 1: These operational procedures (hereinafter referred to as “these Procedures”) are formulated to better implement information disclosure obligations and ensure that disclosure documents are accurate, complete, and professionally presented. Article 2: Personnel responsible for preparing and verifying disclosure documents shall comply with these Procedures. Article 3: Disclosure documents are categorized as follows: (1) Periodic Reports: including annual reports and semi-annual reports; (2) Interim Reports: including board resolution announcements, supervisory board resolution announcements, shareholders’ meeting notice announcements, shareholders’ meeting resolution announcements, and corporate regulations requiring approval by the board or shareholders’ meeting; (3) Other Interim Reports: progress announcements regarding various matters; announcements required at critical junctures of material events under rules issued by the National Equities Exchange and Quotations (NEEQ) or other laws, regulations, and regulatory provisions. Chapter II: Periodic Reports Article 4: Periodic reports shall be prepared starting from the end of each fiscal year and completed and disclosed within two months. Article 5: The content of periodic reports shall be organized according to the following items: (1) Company Overview: major company events of the year, changes in significant risk matters and related analysis, and general company profile; (2) Key accounting data and financial indicators; (3) Management Discussion and Analysis: business operations, analysis of changes in financial indicators, investment analysis, and assessment of going concern; (4) Material Events: existence of litigation, external guarantees, unauthorized use of company resources; routine and material related-party transactions; external investment activities; equity incentive plans and employee stock ownership plans; investigations or penalties imposed on the company or its directors, supervisors, and senior management; (5) Shareholding Changes: share capital, top ten shareholders, and shareholding changes among directors, supervisors, and senior management; (6) Use of raised funds; (7) Analysis of employee turnover; (8) Corporate Governance and Internal Control: corporate governance systems modified or newly adopted during the reporting period; amendments to the Articles of Association; operation of the three meetings (shareholders’, board, and supervisory board); and analysis of internal control status; (9) Full text of the audit report. Article 6: Announcements concerning periodic reports shall include the following documents: (1) Summary of the annual report and the full annual report; (2) Board resolution announcement, supervisory board resolution announcement, and annual shareholders’ meeting notice announcement; (3) Announcement regarding projected routine related-party transactions for the year; (4) Self-assessment report on internal controls; (5) Special report on the placement and use of annual raised funds; (6) Special verification report by the sponsoring securities firm on the placement and use of annual raised funds; (7) Announcement regarding the proposed use of idle funds to purchase wealth management products; (8) Pre-approval opinions and independent opinions issued by independent directors on matters deliberated by the board; (9) Other announcements required under information disclosure rules. Article 7: Resolutions to be considered by the board when reviewing periodic reports shall include: (1) Resolution on the “2020 Annual Report and Its Summary”; (2) Resolution on the “2020 Annual Audit Report”; (3) Resolution on the “2020 Board of Directors Work Report”; (4) Resolution on the “2020 General Manager Work Report”;

How do I file taxes for a partnership? Specifically, how do I complete Form 1065?

Many sellers instinctively associate the word “tax filing” with having to pay money. But IRS Form 1065 is an exception—it generates no tax liability itself, yet must be filed annually without fail. Failure to file, late filing, or even filing with errors will trigger penalties from the IRS—without exception. 01 What is Form 1065? When is it due? What happens if I don’t file? Form 1065’s full title is “U.S. Return of Partnership Income.” It is an “information return” whose purpose is to inform the IRS how much the partnership earned or lost during the year, and what deductions and credits apply. The partnership itself does not pay federal income tax. All income, losses, deductions, and credits “pass through” to each partner via Schedule K-1 and are reported by each partner on their individual tax returns. Here’s something many sellers overlook: In the U.S., tax filing and tax payment are two distinct obligations. Filing does not necessarily mean paying—but failing to file when required will incur penalties, without exception. For the 2025 tax year, Form 1065 is due on March 16, 2026 (March 15 falls on a Sunday, so the deadline is extended by one day). If you cannot meet this deadline, filing Form 7004 automatically extends the filing deadline by six months—to September 15, 2026. However, this extension applies only to the filing deadline—not to the partners’ tax payment deadlines. Partners must still pay any tax owed by April 15. For this tax season, the penalty for late filing of Form 1065 is straightforward: $255 per partner, per month, up to a maximum of 12 months. A partnership with four partners that files three months late incurs a $3,060 penalty. Additionally, failure to issue Schedule K-1 to partners on time triggers an extra penalty of $330 per K-1. Even though Form 1065 itself produces no tax liability, the associated penalties are anything but lenient. Now that we understand what Form 1065 is and when it’s due, let’s break down exactly how to complete it. 02 Core Steps for Filling Out Form 1065 Form 1065 involves several schedules, but its core components can be divided into four sections. Section One: Basic Business Information. Enter the partnership’s name, Employer Identification Number (EIN), address, date of formation, accounting method, etc. This basic information should closely match IRS records; inconsistencies may cause processing delays, matching failures, or even trigger follow-up notices from the IRS.

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