Ding Yue Development Co., Ltd. announced a private placement of 100,000,000 shares at TWD 10 per share for gross proceeds of TWD 1,000,000,000 on May 11, 2022. The transaction included participation from existing investor China Petrochemical Development Corporation. Post the closing of the transaction, the investor will continue to retain its 100% stake comprises 2,900,000,000 shares in the company.

The ratification by supervisors or approval by audit committee of investor has been done. The transaction was approved by the board of directors of the investor.