Crowell Development Corp. announced a private placement to issue Series 3 Secured Convertible Corporate Bond for the gross proceeds of TWD 600,000,000 and Series 4 Unsecured Convertible Corporate Bond for the gross proceeds of TWD 600,000,000; aggregate gross proceeds of TWD 1,200,000,000 on May 9, 2024. The transaction has been approved by the shareholders.

The coupon rate is zero and matures after 5 years from the date of closing.