Conflict Minerals Statement

In response to violence and human rights abuses in the mining of certain minerals from the "conflict region" located in the eastern part of the Democratic Republic of Congo (DRC) and surrounding countries, the U.S. Securities and Exchange Commission (SEC) has adopted rules to implement reporting and disclosure requirements relating to "conflict minerals" as mandated by the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010.

The rules require manufacturers filing certain reports with the SEC to disclose whether the products they manufacture or contract to manufacture contain "conflict minerals" that are "necessary to the functionality or production" of those products. The definition of "conflict minerals" refers to gold, as well as tin, tantalum and tungsten, etc. (3TG), regardless of where they are sourced, processed or sold.

KORLOY supports the humanitarian goal of ending the violent conflict in the Democratic Republic of Congo and surrounding countries. As part of KORLOY's supplier implementation manufacturing process, sustainability questionnaires ask for direct confirmation that materials purchased by KORLOY do not contain "conflict minerals".

KORLOY is committed to responsible sourcing of "conflict minerals" throughout the supply chain and continues to comply with SEC rules and regulations.