OREANDA-NEWS. March 29, 2011. 1. Addition of waste gas desulfurization system for NO.4 sinter plant. CSC will invest NTD 1,008 million in this project to reduce the sulfur oxides emission by approximately 4,721 kilograms per day after project completion. The project will commence in April 2011 and is scheduled for completion in September 2013, reported the press-centre of China Steel Corporation.

2. Addition of B4154 crane and move of ladle building area for Basic Oxygen Furnace I of Steelmaking Department CSC will invest NTD897 million in this project to raise the safety level of the crane operation and smooth the production, by adding new plant buildings at ladle area to separate the production and maintenance activities. The project will commence in April 2011 and is scheduled for completion in February 2014.

3. Revamping the welder for No.2 Pickling & Cold Rolling Mill of Rolling Mill Department ?
CSC will invest NTD290 million in this project to replace the existing flash butt welder at No.2 Pickling & Cold Rolling Mill by the laser beam welder. When the project completes, it will (1) increase the high-grade steel production, (2) reduce operation cost, and (3) reduce the emission of carbon dioxide by 748.6 metric tons per year owing to the less consumption of electricity, water, nitrogen and oxygen. The project will commence in April 2011 and is scheduled for completion in October 2013.

4. Purchase of the buildings from China Steel Structure Co. Ltd.
The land owned by CSC located at Darengong section Nos. 1001 and 1002, Siaogang District, Kaohsiiung, is currently leased to China Steel Structure Co. Ltd. (CSSC). To retrieve the land for building the Non-Grain-Oriented electrical steel sheets production line, CSC has negotiated with CSSC to move CSSC’s machines and facilities out. CSC will pay NTD181 million in total to buy 29 units of CSSC’s buildings on the above land according to the leasing contract.

5. Relief of Business Strife Limitation for Directors
For safeguarding the rights and interests of investments, the following concurrent positions of directors were approved in the meeting pursuant to Article 209 of Company Law:

- Chairman Jo-Chi Tsou concurrently Director of China Ecotek Corporation

- Director Chaur-Hwa Ou concurrently Director of China Hi-ment Corporation

- Director King-Ling Du concurrently Chairman of China Ecotek Corporation

- Director Jyh-Yuh Sung concurrently Director of China Ecotek Corporation and Director of Taiwan Rolling Stock Co., Ltd.

The above resolutions will be proposed at stockholders’ meeting on June 15, 2011.

6. Date and venue for CSC's 2011 shareholders' meeting
Date: June 15, 2011 (Wednesday) 9:00 a.m.
Venue: CSC Auditorium, No.1, Chung Kang Road, Siaogang District, Kaohsiung, Taiwan