Hotai Insurance Co., Ltd. announced that it will issue 2,600,000,000 common shares at a price of TWD 10 per share for gross proceeds of TWD 26,000,000,000 on September 27, 2022. The transaction will include participation from new investor Hotai Motor Co.,Ltd. for 92.86% stake in the company. The transaction has been approved by the board of directors of the investor.

Post the transaction, Ho-Jan Investment Co., Ltd.'s shareholding in the company will decrease from 99.8% to 7.13%. The transaction will close after the company receives approval from the competent authority.