Biostar Microtech International Corp. announced a private placement of 35,000,000 shares on May 3, 2024. The common stocks of this private placement are restricted.

They cannot be transferred for three years from the delivery date. Three years after the delivery date of the private placement of common stock, it may apply to the securities regulatory authority for a supplementary public offering and apply for stock listing for transactions if in compliance with relevant laws and regulations. The transaction will be conducted twice within one year from the date of the shareholders' meeting in First Issuance 20,000,000 shares and second Issuance 15,000,000 shares.

The transaction was approved by board of directors.