Announcement of a borrowing of RMB 200 million by subsidiary Elite Electronic Material (Huangshi) C
2019/03/22
Statement:
1.Date of occurrence of the event:2019/03/22
2.Company name:Elite Material (Huangshi) Co.,Ltd.
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):Subsidiary of the company
4.Reciprocal shareholding ratios:100
5.Cause of occurrence: For the capital needed to construct a new factory,
the said subsidiary borrows RMB 200 million from Agricultural Bank
of China with a term of returning the capital within five years.
6.Countermeasures:None
7.Any other matters that need to be specified:None