Roo Hsing Co.,Ltd announced a private placement of domestic unsecured convertible corporate bonds at face value of TWD 100,000 per bond for gross proceeds of TWD 1,204,000 on May 16, 2023. The bonds will bear no interest and will be issued at par value. The bonds will mature after five years from issuance.

The conversion price shall not be lower than the stock price obtained by calculating the simple arithmetic average of the closing prices of ordinary shares, deducting the ex-rights of gratuitous allotment and dividends, and adding back the right of anti-exclusion of capital reduction, or 30 days before the pricing date. The transaction has been approved by the board of directors of the company.