From Taiwan News:
The drama of the proposed Ma-Wang ticket came to an end Thursday as Legislative Speaker Wang Jin-pyng declined Kuomintang presidential nominee Ma Ying-jeou‘s invitation to be his running mate, saying he prefers to stay in the lawmaking body.
Ma said that while disappointed at Wang’s refusal, he would respect his decision and support his continued leadership in the Legislature as the nation is due to elect new lawmakers in December.
The two made known their intentions after a closed-door meeting at Wang’s residence at noon. [Full Text]
See also Wang still uncertain whether to run for vice president in ’08 by The China Post and Wang leaves KMT, public guessing on running with Ma by Mo Yan-chih.