International CSRC Investment Holdings Co., Ltd. announced that the company will have capital injection to CSRC (BVI) Ltd. amounting to USD 60,000,000 and CSRC (BVI) Ltd. will increase investment in CSRC (Singapore) Pte. Ltd. at the same amount. Then CSRC (Singapore) Pte. Ltd. will increase capital to CCET at the same amount as well. Or the company’s overseas subsidiary, Synpac (North Carolina) Inc., will lend funds to CSRC (BVI) Ltd. amounting to USD 60,000,000. CSRC (BVI) Ltd. will increase investment in CSRC (Singapore) Pte. Ltd. at the same amount. Then CSRC (Singapore) Pte. Ltd. will increase capital to CCET at the same amount as well. Projected monetary amount of the investment is USD 60,000,000 equivalent to NTD 1,671,000,000 using exchange rate 27.85 for translation. The funds come from the Company or the company’s overseas subsidiary, Synpac (North Carolina) Inc. It will depend on the investment plan decided by the company’s chairman or the designated deputy. Specific purpose is that the investment plan was resulting from the increase in plant construction cost in India due to the soaring global material cost and manpower deployment impacted by COVID-19. According to the evaluation of India plant construction status and consideration of working capital needs, investment amount will increase by USD 60,000,000.