G-TECH Optoelectronics Corporation announced a private placement of no more than 20,000,000 common shares on May 5, 2023. The transaction will include participation from individual investors, Jung-Hua Chung, Fong-Mei Chung Kuo, Chih-Ming Chung, Ching-Lan Yeh, Hsiu-Chi Lai, Yu-Hsin Chung, Li-Hsin Chung, Kuo-Hung Wang, Jen-Liang Hsiao, Huo-Sheng Chiu, Yao-Chang Wang, Hsien-Yi Hsu, Yung-Cheng Huang, Mike Wu, Tsung-Tien Tsai, Hsing-Chiao Lin, Ju-Wen Wang. No less than 80% of the reference price shall be used as the basis to determine the private placement price.

The shareholders meeting shall authorize the board of directors to set the actual issue price according to the preceding basis. The transaction has been approved by the board of directors of the company.