Merry Electronics Co., Ltd. announced a private placement of 5,000,000 common shares at a price of TWD 10 per share for the gross proceeds of TWD 50,000,000 and series 4 unsecured corporate convertible bonds for the gross proceeds of TWD 2,500,000,000 and series 5 unsecured corporate convertible bonds for the gross proceeds of TWD 500,000,000; for total gross proceeds of TWD 3,050,000,000 on April 25, 2024. The transaction has been approved by the shareholders of the company.