Ho-Jan Investment Co., Ltd. announced that it will issue 480,000,000 common shares at an issue price of TWD 10 per share, at a par value of TWD 10 per share for gross proceed of TWD 4,800,000,000 on May 11, 2023. The transaction includes participation form returning investor Hotai Motor Co.,Ltd. The transaction was approved by the board of directors of the investor. The expected payment date ranges from May 12, 2023, to May 15, 2023.