Lien Hwa Industrial Holdings Corporation (TWSE:1229) agreed to acquire 50.9% stake in Asia Hydrogen Energy Corporation for approximately TWD 300 million on November 9, 2023. Lien Hwa Industrial Holdings Corporation will acquire 7.46 million shares of Asia Hydrogen Energy Corporation. Transaction will be funded from cash in hand.

Chin-Po Lin of WinProfession & CO. acted as accountant to Lien Hwa Industrial Holdings Corporation.