Zhong Yang Technology Co.,Ltd announced a private placement of not more than 20,000,000 common shares at a price of TWD 10 per share for the gross proceeds of TWD 200,000,000 on May 9, 2024. The transaction will include participation from individual investors, LEE, JUNG-CHOU, Chairman & CSO, CHENG, CHENG-TIEN, Director Representative, HSU, CHIH-CHENG, DENG, MING-KUN, Vice President, HUANG, BO-SHENG and other investors. The transaction has been approved by the shareholders of the company.