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

1.Date of occurrence of the event:2020/10/30
2.Method of the current increase (decrease) in investment:
The 100%-owned subsidiary, Elite Electronic Material (Kunshan) Co., Ltd.
capitalizes its undistributed earnings of year 2008-2011
3.Amount, unit price, and total monetary amount of the transaction:
USD 35,000,000
4.Company name of the mainland Chinese investee:
Elite Electronic Material (Kunshan) Co., Ltd.
5.Paid-in capital of aforementioned mainland Chinese investee:
NTD 820,620 thousands
6.Amount of capital increase currently planned for the aforementioned
mainland Chinese investee:Not applicable
7.Main businesses of the aforementioned mainland Chinese investee:
Production and sales of Copper Clad Laminates and Prepreg
8.Type of CPA opinion in the latest annual financial statements of the
aforementioned mainland Chinese investee:Unqualified opinion
9.Total equity of the aforementioned mainland Chinese investee in the latest
annual financial statements:RMB 1,831,328 thousands
10.Amount of profit/loss of the aforementioned mainland Chinese investee in
the latest annual financial statements:RMB 469,645 thousands
11.Amount of actual investment in the aforementioned mainland Chinese
investee, up to the present moment:NTD 650,816 thousands
12.Trading counterparty and its relationship with the Company:Not applicable
13.Where the trading counterparty is a related party, announcement shall
also be made of the reason for choosing the related party as trading
counterparty and the identity of the previous owner, its relationship with
the Company and the trading counterparty, and the previous date and monetary
amount of transfer:Not applicable
14.Where an owner of the underlying assets within the past five years has
been a related party of the Company, the announcement shall also include the
date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:Not applicable
15.Profit (or loss) upon disposal:Not applicable
16.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:Not applicable
17.The manner in which the current transaction was decided, the reference
basis for the decision on price, and the decision-making unit:Not applicable
18.Broker:Not applicable
19.Concrete purpose of the acquisition or disposal:
For the purpose of  Manufacturing facility reallocation
20.Any dissenting opinions of directors to the present transaction:None
21.Whether the counterparty of the current transaction is a related party:
Not applicable
22.Date of the board of directors resolution:2020/10/30
23.Date of ratification by supervisors or approval by
the Audit Committee:NA
24.Total amount of investment in mainland China (including the current
investment) approved by the Investment Commission, up to the present moment:
NTD 4,383,297 thousands
25.Ratio of the total amount of investment in mainland China (including the
current investment) approved by the Investment Commission, up to the present
moment, to the paid-in capital on the latest financial statements:132%
26.Ratio of the total amount of investment in mainland China (including the
current investment) approved by the Investment Commission, up to the present
moment, to the total assets on the latest financial statements:17%
27.Ratio of the total amount of investment in mainland China (including the
current investment) approved by the Investment Commission, up to the present
moment, to equity attributable to owners of the parent on the latest
financial statements:28%
28.Total amount of actual investment in mainland China, up to the present
moment:NTD 1,710,734 thousands
29.Ratio of the total amount of actual investment in mainland China, up to
the present moment, to the paid-in capital on the latest financial
statements:51%
30.Ratio of the total amount of actual investment in mainland China, up to
the present moment, to the total assets on the latest
financial statements:6%
31.Ratio of the total amount of actual investment in mainland China, up to
the present moment, to equity attributable to owners of the parent on the
latest financial statements:11%
32.Amount of recognized profit (loss) on investment in mainland China for
the last three years:
Profits recognized in year 2017: NTD 3,161,774 thousands
Profits recognized in year 2018: NTD 2,290,946 thousands
Profits recognized in year 2019: NTD 3,068,740 thousands
33.Amount of profit remitted back to Taiwan for the last
three years:
Year 2017: NTD 2,819,181 thousands
Year 2018: NTD 0
Year 2019: NTD 1,430,538 thousands
34.Whether the CPA issued an unreasonable opinion regarding the current
transaction:Not applicable
35.Name of the CPA firm:Not applicable
36.Name of the CPA:Not applicable
37.Practice certificate number of the CPA:Not applicable
38.Any other matters that need to be specified:None