Right Way Industrial Co.,Ltd announced a private placement of 21,000,000 common shares at an issue price of TWD 15 per share for gross proceeds of TWD 315,000,000 on January 6, 2023. The transaction will include participation from new investors, Chuan Mai Enterprise Co., Jie Wei Te Investment Co., He ye Wood Co., Ltd. and individual investor, Yan-Jie Chen. The expected date of payment is between January 7, 2023 and January 13, 2023.

The transaction has been approved by board of directors of the company.