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Subsequent Event
3 Months Ended
Mar. 31, 2022
Subsequent Event.  
Subsequent Event

Note 20. Subsequent Event

In April 2022, Tongmei entered into a capital increase agreement with noncontrolling interests to further invest $4.5 million in our consolidated subsidiary, ChaoYang XinMei. Tongmei’s portion of the investment was approximately $2.6 million, of which $1.1 million was paid in April 2022. Noncontrolling interests’ portion of the investment was approximately $1.9 million, of which $0.7 million was paid in April 2022. As a result, noncontrolling interests increased $0.8 million and redeemable noncontrolling interests increased $0.1 million. Tongmei’s ownership remained at 58.5% after the April 2022 equity investment.