On behalf of the subsidiary, Elite Electronic Material (Kunshan) Co., Ltd. announced the resolution
2023/07/10
1.Date of the resolution of the board of directors or
shareholders meeting:2023/07/10
2.Content of the investment plan:To establish production site in Penang,
Malaysia.
3.Projected monetary amount of the investment:USD 40mn.
4.Projected date of the investment:Q3 2023
5.Source of capital funds:Self-funding.
6.Specific purpose:To strengthen business opportunity.
7.Any other matters that need to be specified:
Estimated to acquire land in July 2023, start construction in
September 2023, and start mass production in 2025.