Hua-chuang Automobile Information Technical Center Co., Ltd announced a private placement of 660,000,000 common shares at a price of TWD 10 per share for the gross proceeds of TWD 6,600,000,000 on May 11, 2023. The transaction will include participation from returning investor Yulon Motor Company Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close between June 20, 2023 to June 25, 2023.