(a) to complete the purpose stipulated in the articles of association;

(two) unable to continue to engage in public welfare activities in accordance with the purposes stipulated in the articles of association;

(3) Division or merger of foundations.

Article 48 The termination of the foundation shall be reported to the competent business unit for approval within 15 days after the board of directors votes. The competent business unit shall apply to the registration authority for cancellation of registration within 15 after examination and approval.

Article 49 Before going through the cancellation of registration, the foundation shall set up a liquidation organization under the guidance of the registration authority and the competent business unit to complete the liquidation work.

The foundation shall cancel the registration with the registration authority within 15 days from the date of liquidation; Activities other than liquidation shall not be carried out during the liquidation period.

Article 50 The remaining property after the cancellation of the foundation shall be used for public welfare undertakings related to the purpose of the foundation under the supervision of the competent business unit and the competent registration authority.

If it cannot be handled in the above way, the registration authority will organize donations to social welfare organizations with the same nature and purpose as the foundation and announce them to the public.