YONGKWANG FLEXIBLE IND. CO., LTD.

Content 1. Company Introduction 2. Company History 3. General Information 4. Organization 5. HSE Performance Statistics 6. Quality Assurance 7. Certificates 8. Patents 9. Main Products 10. Application 11. Manufacturing Equipments 12. Main Customers 13. Major Experience List 14. Our Products

1. Company Introduction Since YONGKWANG was established in 1977, in Incheon, Korea as a manufacturer of Expansion Joint AND Flexible Tubes for the markets, our MISSION has been to satisfy our customers needs using the latest technology and materials available. As a leader in the development, design and manufacture of new and innovative products for these markets today, our Sales, Customer Service, Product Development and Manufacturing staff have many years of experience, and are trained to insure that the products offered by YONGKWANG will meet your needs at a fair and competitive price and are delivered in a timely manner. Our skilled staff specializes in pipe motion technology with extensive background in the production of expansion joints, compensators and flexible tubes which enables us to engineer efficient systems to meet customers' specialized needs. At YONGKWANG, we understand very well that our future is dependent on our ability to satisfy our customers requirements and add value to their process through the reliability, consistency and innovation offered by the expansion joints we supply. We want to be your primary source for all of these expansion joints that are manufactured in the world. YONGKWANG continues to stand for what is best in the Expansion Joint field and the continued success of our company has and will be reliant on our great care in generating products of the highest possible quality.

2. Company History Aug. 1977 Established Yongkwang Flexible Hose as a manufacturers of the Expansion Joints and Flexible Joints Dec. 1985 Won Korea Standard Marks May 1986 Approved by POSCO(Pohang Iron and Steel Co., Ltd.) Jan. 1987 Approved by Korean Register of Shipping(KR) Aug. 1990 Approved by KEPCO(Korea Electric Power Company) Dec. 1994 Approved by KEPCO for Nuclear Power Plant Nov. 1997 Won 100 PPM(Parts per Million) Quality Certification Jul. 1999 Won ISO 9001 Certificate (BS EN ISO 9001/ KSA 9001) Feb. 2003 Won AS/ NZS ISO 9001:2000 Quality System Certification Nov. 2006 Award of Million Dollars Export Trophy Feb. 2008 Won AS/NZS ISO 14001:2004 Environment Management System Certification Feb. 2011 Approved by TAKREER in UAE(No. 908635) Nov. 2011 Approved by SABIC in Saudi Arabia Apr. 2012 Certified for ASME U, S by ASME

3. General Information Address: 96B-16L, NAMDONG INDUSTRIAL AREA, 663-15, GOJAN-DONG, NAMDONG-GU, INCHON, KOREA TEL: +82-31-479-6131/ +82-32-815-0106 FAX: +82-31-479-6132/ +82-32-815-1087 Home Page: http://www.yongkwang.co.kr E-mail: desk@yongkwang.co.kr yongkwangceo@hanmail.net Date of Establishment: AUG. 10, 1977 Equity Capital: US$500,000 Annual Sales Volume 2011: US$7,838,000 2010: US$6,246,000 2009: US$7,107,000 Plant Area: Total 4,000 m2 (Indoor: 2,000m2, Outdoor: 2,000 m2) Personnel: Total: 45 - Management: 12 - Engineer: 15 - Technician: 18

4. Organization C.E.O Marketing Quality Control Research & Design Production Administration Overseas Marketing Domestic Marketing Supervision After Service Quality Control In-Process Inspection Receiving Inspection Laboratory Development of New Expansion Joint Development Of Process. Expansion Joints Design Machining Forming Welding Assembling Procurement General Affairs Quality Assurance

5. HSE Performance Statistics Overview of Accidents (2009~2011) 2009 2010 2011 Classification Number of Injuries Injuries Rate Number of Worker Number of Injuries Injuries Rate Number of Worker Number s of Injuries Injuries Rate Number of Worker Direct/ Management 0 0 37 0 0 40 0 0 45 Sub-Vendor 1 5.5 % 18 0 0 19 0 0 22 Type of Injuries (2009~2011) Sub-Vendor, 2009, 1 accident: Compression

6. Quality Assurance C.E.O Quality Assurance Technical research Quality Inspection QA Laboratory R & D In-Process Inspection Final Inspection Establishment of Quality System Customer Quality Requirement Review Internal Quality Audit Chemical analysis by Vendors Mechanical test. Development of New Technology Development Of Process. Inspection - Shape - Dimension - Process Inspection - Shape -Dimension - Hardness - NDE - Hyd. Test - Leak Test -Vacuum Test

7. Certificates(ISO 9001 & ISO 14001)

7. Certificates(ASME U & S Stamp

8. Patents No. Description Registered Date Registered No. 1 Sealing Device of Hood 2004-01-19 0417121 2 3 4 5 6 7 8 Pre-setting and Installation Method for Bellows Cover Special Expansion Joints in the Ground Structure for Inlet and Exhaust Pipe Exhaust Pipe for Combustion Chamber Inlet and Exhaust Pipe for Combustion Chamber Filter Cover Structure for Hood Exhaust Pipe connection Structure of Boiler 2007-06-26 10-0734211 1999-04-16 0151434 2000-03-24 0184762 2001-08-07 0243288 2000-09-08 0204038 2002-05-30 0278239 2007-05-18 20-0436107

9. Main Products Metallic Expansion Joints - Rectangular Type Expansion Joints for Exhaust Gas of Power Plant - Free Type Expansion Joints

9. Main Products Metallic Expansion Joints - Pressure Balance Type Expansion Joints - Hinge Type Expansion Joints - Control Ring Type Expansion Joints - Gimbal Type Expansion Joints

9. Main Products Non-Metallic Expansion Joints for Power Plant Flexible Joints/ Tubes/ Hoses Rubber Expansion Joints - Cooling Water - Sea Water

10. Application

11. Manufacturing Equipments Machining Equipment - Milling Machine, Lathe, Drilling Machine - Power Press/ Hydraulic Press(Max. 800 ton) - Auto Hydraulic Bellows Forming Machine - Rolled Bellows Forming Machine(Max. 6,000 mmdia) Cutting Equipment - Shearing Machine/ Automatic Cutting Machine Welding Equipment - ARC/ CO2/ TIG/ SPOT Welding Machine - Automatic TIG Welding Machine Overhead Crane & Gantry Overhead Crane Testing Equipment - Universal Testing Machine - Rockwell Hardness Tester - Pressure/ Vacuum Test Machine

12. Main Customers KOREA HYDRO & NUCLEAR POWER CO., LTD. DAEWOO ENGINEERING COMPANY SK ENGINEERING & CONSTRUCTION CO., LTD. DAELIM INDUSTRIAL COMPANY LIMITED

13. Major Experience List NO. CUSTOMER PROJECT NAME TYPE DATE REMARK 1 Doosan Heavy Ind. Co., Ltd. QURAYYAH CCPP PROJECT Metallic 2010-03 SEC 2 Seentec Co., Ltd. CEBU COAL FIRED POWER PLANT Metallic 2009-11 3 BHI Co., Ltd. GwangYang By PRODUCT GAS CCPP Non-Metallic 2009-10 4 Doosan Heavy Ind. Co., Ltd. Angamos & Campiche Metallic 2009-09 #1, #2 240MW x 2Unit 5 Daelim Industrial Co., Ltd. SAUDI KAYAN HDPE Metallic 2009-09 SABIC 6 Doosan Heavy Ind. Co., Ltd. Brazil Metallic 2009-08 7 Doosan Heavy Ind. Co., Ltd. Cirebon Non-Metallic 2009-07 600MW x 1Unit 8 Doosan Heavy Ind. Co., Ltd. SPAIN SABON HRSG Metallic 2009-05 9 Doosan Heavy Ind. Co., Ltd. Taweelah A10 HRSG Non-Metallic 2008-12 #1, #2,#3 1120MW x 3Unit 10 Daelim Industrial Co., Ltd. Gun-San Thermal Power Plant Flexible 2008-12

13. Major Experience List NO. CUSTOMER PROJECT NAME TYPE DATE REMARK 11 Doosan Heavy Ind. Co., Ltd. E-mal HRSG Metallic 2008-09 12 Doosan Heavy Ind. Co., Ltd. Seraya HRSG Metallic 2008-08 13 Daelim Industrial Co., Ltd. Boryeong Thermal Power Plant /FGD Non-Metallic 2008.06 14 Doosan Heavy Ind. Co., Ltd. Amman East Metallic 2008.06 #1, #2 1400MW x 2Unit #1, #2 756MW x 2Unit #1, #2 500MW x 2Unit #1, #2 480MW x 2Unit 15 Doosan Heavy Ind.Co.,Ltd. Helon/Montoria Metallic 2008.05 16 Doosan Heavy Ind.Co.,Ltd. Lales HRSG Metallic 2008.02 17 Doosan Heavy Ind.Co.,Ltd. Taweelah A10 HRSG Non-Metallic 2007.11 400MW x 1Unit #1, #2 800MW x 2Unit #1, #2,#3 1120MW x 3Unit 18 Hanwha E&C Gun-Jang Steam Supply And Power Flexible 2007-04 19 Korea Hydro & Nuclear Power Co., Ltd. YoungGwang Nuclear Power Plant Metallic 2007-02 20 Doosan Heavy Ind. Co., Ltd. Bangpakong HRSG Metallic 2007-02

13. Major Experience List NO. CUSTOMER PROJECT NAME TYPE DATE REMARK 21 Korea South Power Co., Ltd. Sin-Incheon Combined Cycle Metallic 2007-01 22 Korea South Power Co., Ltd. Hadong Thermal Power Plant Non-Metallic 2006-11 HRSG#9~16 150MW x 8Unit #7, #8 500MW x 2Unit 23 STX Engine Co., Ltd. Banwol Steam Supply Rubber 2006-11 24 Doosan Heavy Industries Co., Ltd. Zawia Extension HRSG Metallic 2006-10 25 Doosan Heavy Industries Co., Ltd. Castellon IV HRSG Metallic 2006-10 26 Korea South Power Co., Ltd./ Deawoo Hadong Thermal Power Plant /NOX Non-Metallic 2006-09 #1~#6 500MW x 6Unit 27 SungChang Machinery Co., Ltd. Tae-Ahn Thermal Power Plant Non-Metallic 2006-05 28 Korea West Power Co., Ltd. Tae-Ahn Thermal Power Plant Metallic 2006-02 29 Korea East Power Co., Ltd. Dang-Jin Thermal Power Plant Metallic 2006-01 30 Korea Midland Power Co., Ltd. Incheon Thermal Power Plant Metallic 2006-01 #3, #4 250MW x 2Unit

13. Major Experience List NO. CUSTOMER PROJECT NAME TYPE DATE REMARK 31 Korea South Power Co., Ltd. Hadong Thermal Power Plant Rubber 2005-12 #3, #4 250MW x 2Unit 32 Hyundai E&C/Kangwon Boiler Zawia CCPP Metallic 2005-10 33 Doosan Heavy Industries Co., Ltd. Zawing HRSG Casing Metallic 2005-05 34 Korea South Power Co., Ltd. Nam JeJu Thermal Power Plant Metallic 2005-05 100MW x 1Unit 35 Doosan Heavy Industries Co., Ltd. Sohar HRSG Non-Metallic 2005-05 36 Daewoo E&C / Kangwon Boiler Bengahzi North Combined Cycle Metallic 2005-05 37 Doosan Heavy Industries Co., Ltd. Jebel Ali Unit 1 HRSG Metallic 2004-06 #1, #2 690MW x 2Unit 38 Doosan Heavy Industries Co., Ltd. Hagit Unit 2 Hrsg Metallic 2003-11 39 Korea South-East Power Co., Ltd. E.P Water Washing System Metallic 2003-09 40 Doosan Heavy Industries Co., Ltd. HAIFA Unit 4 HRSG Metallic 2003-09 IEC

14. Our Products