CSRC — Investor Presentation 2021

Nov 15, 2021

1Q 2021 3Q 2021 International CSRC Investment Holdings Co. International CSRC Investment Holdings Co. Investor’s Conference Investor’s Conference

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CONTENTS

1.Biotech Segment 2.Carbon Black Segment 3.Operating Results

01 Biotech Segment

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Firmly Practicing the Humane

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“This is not about a return on an investment! It’s about kids, kids with names, dreams, families that love them.” – 《 》 Extraordinary Measures

“Don’t hope for a miracle. Make one.”[*]

Hundreds of failures Decade and a half of persistence Millions of dollars investment unconditionally Those save the life that was in the dark.

*《Extraordinary Measures》Dir. Tom Vaughan. CBS Films & Sony Pictures Releasing International, 2010.

Impact on Royalty Revenue

Genzyme agreed to pay USD 180 million as a compromise of the amount in dispute. 2019 2020 2021 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Recognized Unrecognized Recognized Unrecognized Recognized

EU

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US
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Others
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02 Carbon Black Segment

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World Auto Sales 2019-2030

Global passenger-car & light-duty vehicle sales (million untis)

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Global EV market share
(%)
ICE EV EV market share
100%
75%
50%
25%
0%
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100
75
50
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25
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2019 2020 2021e 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e
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Source: OICA, IHS Markit, Deloitte analysis,EV-Volumes.com
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0

EV Tire Requirement

ICE Tire EV Tire

ICE EV Car length 465 cm 469 cm Car width 180 cm 185 cm Car height 140 cm 140 cm Car weight 1,300 kg 1,600-1,900 kg Torque 18 kgm 40 kgm

Low Rolling Resistance

Low Noise

Source: U-Car

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High Wear High Resistance Traction

CSRC Carbon Black for EV Tires

Series of Carbon Black for Tread, Sidewall & Carcass Applications

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LH Series CB designed for EV Tires Low Rolling Low Noise Resistance[20%][]

ASTM Continex LH

High Wear Resistance 10%

High Traction

500 0

Passenger-Car Sales by Region

US Passenger-Car Sales

Sales ('000 units) YoY change (%)

EU Passenger-Car Sales Sales ('000 units) YoY change (%)

1,500

60% 4,000

60%

30% 3,000

30%

1,000

0% 2,000 0% -30% 1,000 -30% -60% 0 -60% 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3

Source: Goodcarbadcar, ACEA, CPCA, SIAM

Passenger-Car Sales by Region

Mainland China Passenger-Car Sales India PC & 2-3 Wheeler Sales Sales ('000 units) YoY change (%) Sales ('000 units) YoY change (%) 8,000 150% 6,000 150% 100% 6,000 100% 4,000 50% 50% 4,000 0% 0% 2,000 2,000 -50% -50% 0 -100% 0 -100% 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3

Source: Goodcarbadcar, ACEA, CPCA, SIAM

Motor Vehicle Production by Region

US Motor Vehicle Production

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US Motor Vehicle Production EU Motor Vehicle Production
Production ('000 units) YoY change (%) Production ('000 units) YoY change (%)
15,000 30% 20,000 30%
15% 15,000 15%
10,000
0% 10,000 0%
5,000
-15% 5,000 -15%
0 -30% 0 -30%
2018 2019 2020 2021e 2018 2019 2020 2021e
Mainland China Motor Vehicle Production India Motor Vehicle Production
Production ('000 units) YoY change (%) Production ('000 units) YoY change (%)
30,000 30% 10,000 30%
25,000
15% 15%
20,000
15,000 0% 5,000 0%
10,000
-15% -15%
5,000
0 -30% 0 -30%
2018 2019 2020 2021e 2018 2019 2020 2021e
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*All Type Vehicles, Source: OICA, CSRC Estimates

Vehicles in Use by Region

EU Vehicles in Use

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US Vehicles in Use
In Use ('000 units) YoY change (%) In Use ('000 units) YoY change (%)
300,000 15% 300,000 15%
250,000 250,000
10% 10%
200,000 200,000
150,000 5% 150,000 5%
100,000 100,000
0% 0%
50,000 50,000
0 -5% 0 -5%
2018 2019 2020e 2021e 2018 2019 2020e 2021e
Mainland China Vehicles in Use India Vehicles in Use
In Use ('000 units) YoY change (%) In Use ('000 units) YoY change (%)
250,000 15% 100,000 15%
200,000
10% 10%
150,000
5% 50,000 5%
100,000
0% 0%
50,000
0 -5% 0 -5%
2018 2019 2020e 2021e 2018 2019 2020e 2021e
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*Light & Commercial Vehicles, Source: Nationmaster, ACEA, Notch

World Tire Production 2019-2030

0 500 1,000 1,500 2,000 2,500 3,000	Source: Notch Aug 2021, CSRC Estimates (million units) -10% -5% 0% 5% 10% 15% 2019 2020 2021e 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e -9% 11% (YoY Change) Est. 9%

World CB Demand 2019-2030

0 5,000 10,000 15,000 20,000	(000 MT) Source: Notch Aug 2021, CSRC Estimates -10% -5% 0% 5% 10% 15% 2019 2020 2021e 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e -7% 11% (YoY Change) Est. 9%

CSRC CB Utilization Rate

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80%
73%
70%
69%
70% 64% 64%
54%
60%
50%
40%
30%
20%
10%
0%
2018 2019 2020 2021 Q1 2021 Q2 2021 Q3
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CSRC CB Operating Results

1,000 2,000 3,000 4,000 5,000	4,262 4,219 4,039 3,253 3,128 1,594 2,846 3,456 3,891 4,164 4,541 10.2% 6.1% 6.9% 1.4% 2.5% -14.0% 4.0% 14.7% 12.0% 9.2% 9.3% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 Revenue Gross Margin % (NTD million)

Harmony with Nature (1/4)

Steam produced from production

69%

32%

68%

13%

87% 100%

Residual from Petrochemical & Steel Industry 950k mt Power 660 GWh Carbon black = 244k tons of coal* 500k mt

31%

TW Mainland India USA China Steam to power Steam for internal use & export

Steam 3.45m mt

Note: 2021 Q3 YTD figures

*Carbon emission coefficient of electricity=0.509 kg CO2e/kwh, 2,702 kilowatt-hours of electricity can be produced per metric ton of coal, according to R.O.C. Bureau of Energy

India Gujarat Plant

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Harmony with Nature (2/4)

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CO2 = 778 MT/m 2,099 mt

R&D improvements Linyuan N234 oil consumption (mt/m) 252 MT (-8%) 4,000 2,000 0 Before After 2021.05 2021.05

Linyuan N330 oil consumption (mt/m) 196 MT (-5.4%) 4,000 2,000 0 Before After 2021.05 2021.05

Note: Oil volume saved = oil consumption/ton before improvement*CB production after improvement-oil consumption after improvement Carbon emission coefficient of coal tar oil=2.6985 ton CO2e/ton

Harmony with Nature (3/4)

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• Optimize process

• Reduce oil consumption per unit carbon black production

Maanshan plant GHG emission

-25% 2025 Original goal

• Recover heat to generate steam and electricity

• Self-generated electricity is greater than selfconsumption

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-43% 2020

*Take 2016 as the emission benchmark In 2021 the target is raised to 55% due to reaching the target ahead of schedule in 2020.

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Eliminate and upgrade high-energy-consuming equipment

Harmony with Nature (4/4)

Maanshan plant completes the ``ultra-clean emission'' target

SO NOx 2 98% 99%

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EBF desulfurization and denitrification equipment

Low nitrogen SCR-De NOx burner system Boiler

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CSRC Product Successful Application - Biodegradable Mulching Film

Carbon Black Goes Green

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Global Customers

Cultivate Relationships with Global Customers & Develop High-Value Products to Meet Future Demand

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Source: Tire World, CPCA, tyrereviews, CSRC Group

High Value Products Innovate and focus on high-value grades

Operation Management Improve production efficiency & reduce CO2

Global Accounts Cultivate relationships with global customers

Harmony with Nature Value natural resources & Reduce emissions

Circular Economy Technology Forum & Carbon Black Workshop

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03 Operating Results

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Net Income by Segment & EPS

Net Income by Segment

EPS

Carbon Black Biotech Battery

NTD Million

NTD

1.41

889

-838

581

226

-102

16

318

-209

11

-73

0.24

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0.52

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0.67

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-130

21Q3 YTD

20Q3

21Q3

20Q3 YTD 21Q3 YTD 20Q3 21Q3

20Q3 YTD

Financial Structure

Current Ratio

Debt Ratio (L/A)

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2.6 44%
2.3
2.2
36%
1.8 35%
34%
1.6 33%
2017 2018 2019 2020 21Q3 2017 2018 2019 2020 21Q3
Interest Bearing Debt/Asset
Book Value/Share
32%
34.5
33.0
31.8
31.1 30.8
24%
23%
22%
19%
2017 2018 2019 2020 21Q3 2017 2018 2019 2020 21Q3
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Disclaimer

The forward-looking statements contained in this presentation are subject to risks and uncertainties and actual results may differ materially from those expressed or implied in these forward-looking statements. International CSRC Investment Holdings Co. makes no representation or warranty as to the accuracy or completeness of these forwardlooking statements and nor does International CSRC Investment Holdings Co. undertake any obligation to update any forward-looking statements, whether as a result of new information or future events.

Thank You!

csrcir@csrcgroup.com