Announcement of the Board resolutions of the subsidiary Elite Electronic Material (Kunshan) Co., Ltd

Statement:

1.Date of the board of directors resolution:2019/03/22
2.Source of capital increase funds:Capitalization of retained earnings
3.Number of shares issued:None
4.Par value per share:None
5.Total monetary amount of the issue:USD10,000,000
6.Issue price:None
7.Number of shares subscribed by or allotted to employees:None
8.Number of shares publicly sold:None
9.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:None
10.Method of handling fractional shares and shares unsubscribed by the
deadline:None
11.Rights and obligations of the newly issued shares:None
12.Utilization of the funds from the capital increase:For the purpose
of business operation requirement
13.Any other matters that need to be specified:None