China Communications Media Group Co., Ltd. announced a private placement of not more than 14,000,000 common shares at the issue price of TWD 8.37 per share for gross proceeds of TWD 117,180,000 on December 19, 2023. All the shares to be issued in the transaction will be subject to a lock-up period of three year after the delivery date. The transaction has been approved by the board of directors of the company and approved in general meeting of shareholders.