1. The Certificate of Entitlement (COE) quota for November 2015 to January 2016 will be 21,653. Details of the quota for each vehicle category are in Annex A. Bidding under this quota will start with the first COE bidding exercise in November 2015.

2. The COE quota consists of the following components:

a. Provision for 0.25% per annum vehicle growth based on the vehicle population as at 31 December 2014;

b. Replacement COEs from vehicles deregistered in the preceding three-month period of July to September 2015;

c. Adjustments for changes in the taxi population, replacement of commercial vehicles under the Early Turnover Scheme, and expired COEs.

3. The next quota announcement for the bidding period of February 2016 to April 2016 will be made in January 2016.