Chunghwa Chemical Synthesis & Biotech Co., Ltd. announced a private placement and will issue no more than 15,512,000 ordinary shares and domestic convertible corporate bonds at a face value TWD 100,000 per bond on March 7, 2023. The bonds including secured or unsecured convertible corporate bonds. The issue price should not be lower than 80% of the theoretical price.

The bonds carry 0% per annum interest rate. The transaction has been approved by the board of directors of the company. The transaction needs to be approved by the shareholders at general meeting of the company.