Hiwin Technologies Corp. announced a private placement of 117,000,000 common shares issued at par value TWD 10 per share for gross proceeds of TWD 117,000,000 on May 10, 2022. The transaction will include participation from employees for 1,300,000 shares, 80% of new shares issued, and 10,400,000 shares were subscribed by the original shareholders and 1,300,000 shares for public sale.

The transaction has been approved by board of directors of the company.