The board of directors has resolved to adjust the investment structure and implement matters related

1.Date of occurrence of the event:2022/10/28
2.Company name:
Elite Material Co., Ltd.
GRAND ZHONGSHAN INCORPORATED
GRAND WUHAN INCORPORATED
Elite Electronic Material (Kunshan) Co., Ltd.
Elite Electronic Material (Huangshi) Co., Ltd.
Elite Electronic Material (Zhongshan) Co., Ltd.
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head quarter and subsidiaries
4.Reciprocal shareholding ratios:100%
5.Cause of occurrence:
It is planned to integrate the resources of the group and centralize the
management of the mainland China business to reduce operating costs,
improve operating performance, and usage of funds’ flexibility.
Reduce the fund outflow from Taiwan, the internal investment within the
mainland China is supported by the subsidiaries, and create the synergy
of integration.
Planning to transfer GRAND ZHONGSHAN INCORPORATED 100% owned subsidiary, Elite Electronic Material (Zhongshan) Co., Ltd, and GRAND WUHAN
INCORPORATED100% owned subsidiary, Elite Electronic Material (Huangshi)
Co., Ltd, to Elite Electronic Material (Kunshan) Co., Ltd.
6.Countermeasures:
According to the company's ” Procedures for Acquisition and Disposition of
Assets of EMC” related operations and the mainland China subsidiary, Elite
Electronic Material (Kunshan) relevant local regulations of the acquisition
and dispose securities trading related operations, it is advised to authorize
the chairman of the board to handle it with full authority. After the
transaction is confirmed, a separate announcement on the acquisition and
disposal of assets will be made.
7.Any other matters that need to be specified:
This transaction is an organizational structure adjustment in which the
company directly holds 100% equity of the subsidiary with net value as the
transaction price, so it has no impact on the consolidated profit and loss
and shareholders' equity of the Group.