De Hong Development Co., Ltd. announced that it will issue 16,200,000 common shares at a price of TWD 10 for gross proceeds of TWD 162,000,000 on April 1, 2024. The transaction will include participation from returning investor, Tonlin Department Store Co.,Ltd. and other investors. The transaction has been approved by board of Tonlin Department Store Co.,Ltd..

The transaction is expected to be completed on April 15, 2024