Softstar Entertainment Inc. announced a private placement to issue not more than 10,000,000 common shares on April 29, 2024. The transaction will include participation from new investors Angel Fund (Asia) Investments Limited or Director of the Company, Global Angel Investments Limited or Director of the Company, Oriental Golden Richness Ltd. or Director of the Company, Chander Electronics Corp./ sub-subsidiary, Array Networks/ sub-subsidiary, Uniplus Electronics Co., Ltd./ Subsidiary, Red Sunrise Co., Ltd./ Subsidiary, Toptrend Technologies Corp./ sub-subsidiary and SAN JIANG ELECTRIC MFG. CO., LTD./ sub-subsidiary.

The transaction has been approved by the shareholders of the company and is expected to be executed three times within one year from the date of the resolution of the annual shareholders' meeting of the Company and the issuance No more than 3,000,000 shares in first installment, No more than 3,000,000 shares in second installment and No more than 4,000,000 shares in third and final installment.