TCI GENE Inc. announced a private placement of 5,000,000 shares at an issue price of TWD 115.5 for gross proceeds of TWD 577,500,000 on May 20, 2022. The transaction will include participation from new investor, Qisda Corporation for 4,720,000 shares representing 17.84% stake for gross proceeds of TWD 545,160,000 and other investors. The transaction has been approved by the board of directors of the company and investor.

The payment period for the transaction is from May 23, 2022 to May 25, 2022.