Group 1 - The Company, Ostin Technology Group Co., Ltd., has entered into a definitive agreement for the purchase and sale of 41,666,667 Class A ordinary shares at a price of $0.12 per share, resulting in expected gross proceeds of approximately $5 million [1][2]. - The transaction is anticipated to close on or about July 1, 2025, pending customary closing conditions [2]. - The offering is conducted under a shelf registration statement previously filed with the SEC, which was declared effective on May 28, 2024 [3]. Group 2 - Ostin Technology Group, founded in 2010, specializes in the design, development, and manufacturing of TFT-LCD display modules and polarizers, primarily for consumer electronics, outdoor LCD displays, and automotive displays [5].

Nanjing, China, June 27, 2025 (GLOBE NEWSWIRE) -- Ostin Technology Group Co., Ltd. (“the Company”) (Nasdaq: OST), a leading supplier of display modules and polarizers based in China, issued the following statement in response to the market activity on June 26: The Company does not have any undisclosed material matters, nor is it aware of the specific reasons for the abnormal stock price fluctuations on June 26. However, we must caution investors and all other persons to rely solely on statements and filings ...