Announcement of the fire incident of Elite material Corp.

1.Date of occurrence of the event:2023/01/16
2.Company name:Elite material Corp.
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:On January 15, a fire occurred at our KY site fab 1.
The company evacuated all employee, reported to the fire department and
operate disaster reliefs immediately. The origin of fire and the real cause
of the fire still need to be investigated and identified by the fire
depatment. The exact amount of loss is under calculating.
6.Countermeasures:
The company will reallocate capacity from fab2,fab3 in KY to reduce the
impact of this incident.
Investigte losses, apply for insurance claims and adjust capacity flexibly.
7.Any other matters that need to be specified (the information disclosure
also meets the requirements of Article 7, subparagraph 9 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):NA