Announcement made on behalf of EMC Overseas Holding Incorporated,the consolidated entity of Elite Ma

1.Date of the board of directors resolution:2020/12/21
2.Type and monetary amount of dividend distribution:Not applicable
3.Any other matters that need to be specified:
The subsidiaries in China under EMC Overseas Holding Incorporated will not
repatriate 65% of the net profits in 2021 through 2022 to
Elite Material Co.,Ltd.