China Communications Media Group Co., Ltd. announced a private placement of not more than 4,140,000 common shares at the price of TWD 14.5 per share for gross proceeds of TWD 60,030,000 on September 7, 2022. All shares to be issued in the transaction will be subject to a three year lock-up period. The transaction has been approved by the board of directors of the company, and approved in general meeting of shareholders.