High-Tek Harness Enterprise Co., Ltd. announced a private placement to issue 15,000,000 shares of common stock at an issue price of TWD 10.53 per share for the gross proceeds of TWD 73,849,000 on March 29, 2024. The transaction has been approved by the shareholders of the company and is expected to close in 1 to 3 tranches within one year from the date of the shareholders' meeting resolution. The securities are restricted to a hold period.