Lung Hwa Electronics Co., Ltd. announced a private placement of 15,000,000 common shares on June 29, 2023. The transaction will include participation from new investors, Shanyuan Co., Ltd., WANG, GUANG-XIANG, WANG,YA-HSUAN, WANG,YA-LIN, WANG,YA-WEI, LI, YAN-ZHANG, LIN, KUN-MING, WANG, XU-XUE-E, Xinqing Investment Co.,Ltd., Rowda Capital Co. Ltd, Sanya Investment Co., Ltd., Shanyuan Group., Zhonghua Investment Co.,Ltd, Sanli Investment Co., Ltd, Huazhu Engineering Co., Ltd. The transaction has been approved by the shareholders of the company.