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Since courses opted to be graded Pass/Fail will not contribute to the calculation of grade point average (GPA) including Term GPA, you will be in "Good Standing" in the next academic term unless you fail in more than half of the units of courses taken in Term 2, and for the latter the Regulation 10.0 shall still apply to you. Besides, if you are on probation or extended probation in Term 2, your probation status for the next academic term shall NOT be lifted since you have NOT obtained a Term GPA of 1.5 or above in Term 2 according to Regulation 10.3. 

Under no circumstances will you be allowed to drop all courses registered in this term. If you do not wish to register any courses in a term, you should provide full justifications and apply for suspension of studies for consideration by the relevant authorities following the University’s existing procedure.

The grade obtained (i.e. pass or fail) for course opted for Pass/Fail grading will not contribute to the calculation of grade point average (GPA), including Term GPA, Cumulative GPA and, where applicable, Major GPA.