Mutto Optronics Corporation a private placement to issue 6,000 shares at a price of TWD 13 per share for gross proceeds of TWD 78,000 on August 14, 2023. The company will raise two tranches of 3,000 shares each. The transaction has been approved by the board of directors of the company.

In accordance with Article 43 (8) of the Securities Exchange Act, the ordinary shares of this private placement shall not be freely transferred for three years after the delivery date.