TCC Recycle Energy Technology Company announced that it has entered into private placement for gross proceeds of TWD 12,000 million on June 21, 2022. The transaction will include participation from TCC International Holdings Limited for the unsubscribed portion of shares and a returning investor Taiwan Cement Corp. Prior to this transaction, Taiwan Cement Corp.

directly holds approximately 1,040,923 thousand shares that is 63.3% shareholding in company, plus approximately 1,115,181 thousand shares with comprehensive shareholding ratio 67.8% held by other subsidiaries with two legal persons representatives on the board, which exceeds 50% of the board seats.