Baoxin Construction Co., Ltd. announced that it will issue 30,000,000 common shares at an issue price of TWD 10 per share for a gross proceeds of TWD 300,000,000 on November 9, 2023. The transaction included participation from returning investor, Full Wang International Development Co., Ltd. The investor will continue to retain its 100% stake in the company. The payment date for the transaction is between November 28, 2023 to December 1, 2023.

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