S-Tech Corp. announced a private placement to issue 40,000,000 shares at an issue price of TWD 10 per share for the gross proceeds of TWD 400,000,000 on July 4, 2023. The transaction has been approved by the shareholders of the company.

The transaction of shareholders and employees is expected to close on July 28, 2023 to August 7, 2023 and specific person is from August 8, 2023 to August 10, 2023.