Far Eastern New Century to Inject About US8.56 Million into Overseas Subsidiaries and U.S. Joint Venture

Far Eastern New Century announced that its board approved cash capital subscriptions involving Far Eastern Investment (Holding) Limited, APG Polytech USA Holdings, Inc., and Corpus Christi Polymers, LLC. The company will acquire 77,508 common shares of Far Eastern Investment, 135 common shares of APG Polytech USA Holdings, and make an equity contribution to Corpus Christi Polymers. The transaction period runs from July 16, 2025 to May 13, 2026, with transaction amounts of US5 million, US5 million, and US8,561,668 respectively, totaling approximately US8,561,668. Far Eastern Investment and APG Polytech USA Holdings are wholly owned subsidiaries, while Corpus Christi Polymers is a joint operation entity, making the transaction a related-party transaction. The company said the purpose is to fund the capital needs of its U.S. joint venture. Payment will be made in cash, with no contractual restrictions or other major agreements. The transaction was approved by the board and audit committee, and the accountant did not issue an unreasonable opinion.