Kenmec Mechanical Engineering Co., Ltd. announced a private placement to issue 10,000,000 common shares at an issue price of 10 per share for the gross proceeds of TWD 100,000,000 on May 30, 2024. The transaction has been approved by shareholders and is expected payment period for subscription by existing shareholders and employees is June 27, 2024 to July 4, 2024 and The payment period for subscription by specific persons is July 5, 2024 to July 10, 2024. The employees subscribed for 1,000,000 shares.