G-TECH Optoelectronics Corporation announced a private placement of no more than 50,000,000 shares on May 10, 2022. The transaction will include participation from Hong Yuan International Investment Co., Ltd., Hong Yang Venture Investment Co., Ltd., Hong Chi International Investment Co., Ltd., Bao Xin International Investment Co., Ltd., Chung, Jung-Hua; Chung Kuo, Fong-Mei; Chung, Chih-Ming; Yeh, Ching-Lan; Lai, Hsiu-Chi; Chung, Yu-Hsin; Chung, Li-Hsin; Lin, Shih-Chang; Wang, Kuo-Hung; Hsiao, Jen-Liang; Chiu, Huo-Sheng; Wang, Yao-Chang; Hsu, Hsien-Yi; Huang, Yung-Cheng; Mike Wu; Tsai, Tsung-Tien; Hung, Yu-Te; Lin, Hsing-Chiao and Wang, Ju-Wen. The company will issue shares at a price of not lower than 80% of the median market price of the company's shares as of 30 previous days to issuance date.

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