Roo Hsing Co., Ltd announced a private placement to issue 1,500 7% Domestic unsecured convertible bonds at an issue price of TWD 100,000 for the gross proceeds of TWD 150,000,000 on August 14, 2023. The transaction will include participation from new investor Feng Lie Investment Ltd. The bond bears 7% coupon rate and matures 5 years from the date of issuance. The transaction has been approved by the shareholders of the company.