The Company’s Board of Directors approved its First Issuance of Unsecured Euro Convertible Bonds

1.Date of the board of directors resolution:2021/05/28
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]: Elite Material Co., Ltd. 1st Unsecured Euro
Convertible Bonds
3.Total amount issued:Not to exceed US$ 120 million
4.Face value per bond:Tentatively US$ 100,000 or any integral multiple thereof
5.Issue price:Authorize the chairman or designated personnel to make
decisions, depending on the market condition
6.Issuance period:Tentatively not to exceed 5 years
7.Coupon rate:Tentatively 0%
8.Types, names, monetary values and stipulations of collaterals: None
9.Use of the funds raised by the offering and utilization plan:
Procurement of raw materials,equipment and machinery in foreign currency
10.Underwriting method:The Bonds will be offered outside the ROC pursuant
to applicable local laws and regulations
11.Trustees of the corporate bonds:Authorize the chairman or designated
personnel to deal with the matters in accordance with laws and regulations
12.Underwriter or agent:Authorize the chairman or designated personnel to
deal with the matters in accordance with laws and regulations
13.Guarantor(s) for the issuance:None
14.Agent for payment of the principal and interest:Authorize the chairman or
designated personnel to deal with the matters in accordance with laws and
regulations
15.Certifying institution:Authorize the chairman or designated personnel to
deal with the matters in accordance with laws and regulations
16.Where convertible into shares, the rules for conversion:Authorize the
chairman or designated personnel to deal with the matters in accordance with
laws and regulations
17.Sell-back conditions:Authorize the chairman or designated personnel to deal
with the matters in accordance with laws and regulations
18.Buyback conditions:Authorize the chairman or designated personnel to deal
with the matters in accordance with laws and regulations
19.Reference date for any additional share exchange, stock swap, or
subscription:Authorize the chairman or designated personnel to deal with
the matters in accordance with laws and regulations
20.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription:Authorize the chairman or designated personnel
to deal with the matters in accordance with laws and regulations
21.Any other matters that need to be specified:To cope with the issuance of
the 1st unsecured Euro Convertible Bonds, it is proposed to authorize the
chairman or designated personnel to approve and sign all the related
contracts and documents on behalf of the Company, and deal with all matters
related to the bond issuance.