Ene Technology Inc. announced a private placement of 3,000,000 ordinary shares for gross proceeds of TWD 158,000,000 on October 12, 2021. The reference price of private placement is set as TWD 39.41 in accordance with the following two benchmarks set on the Shareholders Meeting. The private placement price should not be lower than 80% of the reference price.

Thus, the price for private placement is set as TWD 31.6, 80.14% of the reference price. The 3-year lockup restriction of private placement shall reinforce the long term partnership between the Company and the strategic investors. The transaction is expected to close on October 26, 2021.