Roo Hsing Co., Ltd announced a private placement to issue 36,500,000 shares on October 12, 2023. The transaction will include participation from HNY Investment Co., Ltd. and ¡B JDU Opportunities Limited. The company will issue Not exceeding 301,073,851 shares and will be conducted in three installments within one year from shareholders meeting date.

The transaction has been approved by the shareholders of the company. The transaction is expected to close from October 12, 2023 to October 26, 2023.