OREANDA-NEWS. July 05, 2013.

1. Election of Chairman of the Board of Directors

Mr. Jo-Chi Tsou was elected as Chairman of the 15th Board of Directors, and Mr. Jyh-Yuh Sung was engaged to as President.

2. Investment in Sakura Ferroalloys Sdn. Bhd. in Malaysia

In order to secure the ferromanganese materials and reduce the securing cost, CSC will spend USD62.46 million to join together with the companies from South Africa and Japan for investment in Sakura Ferroalloys Sdn. Bhd. in Malaysia. CSC will hold 19% ownership in Sakura Ferroalloys.

According to the holding ratio, CSC is guaranteed to purchase to off take about 30-32 thousand metric tons of ferromanganese per year.