Announcement of the board of directors of the company and its subsidiary passed the subsidiary inves

1.Date of occurrence of the event:2022/12/21
2.Company name:
Elite Material 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:
The board of directors decided to authorize the chairman to negotiate and
sign the subsidiary investment agreement to purchase land and expand
additional factories.
6.Countermeasures:None
7.Any other matters that need to be specified:
On the backdrop of the real estate sales contract has not been signed,
an announcement on the acquisition and disposal of assets will be made
after the transaction is confirmed.