NAMSUNG PRECISION Co.,Ltd <Company Profile>

1. NAMSUNG PRECISION Co.,Ltd<Company Profile> Issued in 2006

2. ◈Contents • Company’s history • Introduction • Company’s Info. • Types of Products • Sub-Info. (Factory’s facilities) • Organization Chart • Certificates of Approval • Annual sales results www.nam-sung.co.kr

3. ◈ Company’s history • 1970. Oct : Established Namsung company • 1985. Apr : Incorporating to Namsung precision industry Co.,Ltd Acquired KS(Korean Standard) approval on Pex Pipe & Copper pipe fittings (KS B 1545, KS B 1546) • 1989. Feb : Designated as a research institute attached on enterprise • 1991. Dec : Appointed as a technological advanced medium enterprise • 1992. Oct : Recognized as plumbing material for drinkable water • 1996. Nov : Acquired Certification of Korean New Technology • 1996. Dec : Listing Stocks on KOSDAQ (Korea Securities Dealers Automated Quotations) • 1998. Jan : Acquired ISO 9002 Certificate • 1998. May : Designated venture enterprise • 2001. Jul : Changing company name to World Joint Co.,Ltd • 2002. Jun : Acquired KS approval on Ball Valves (KS B 2308) • 2003. Feb : Renew KS A 9001 : 2001 recognition • 2003. Apr : Registered production of handle for ball valve and water meter gages • 2003. Apr : Handle for ball valve registered on utility use property • 2003. May : Acquired KS approval on copper alloy solder – Joint fittings • 2003. Dec : Acquired Russian Gost-R approvals • 2005. Nov : Acquired ISO 14001 Certificate • 2005. Dec : Acquired KS B 6029 Gas Valve Certificate • 2006. Feb : Acquired CSA Ball Valve Certificate • 2006. Apr : Renamed Namsung Precision Co.,Ltd www.nam-sung.co.kr

4. ◈ Introduction • Namsung Precision Co.,Ltd established in 1970, is specialized to be one of the leading manufacturers of valves and fittings with annual sales exceeding USD $40millions including export sales. World Joint Co.,Ltd, one of ours listing shares on KOSDAQ (International stock market), aims to make safer products and expand the brand name and our products into the worldwide market. To fulfill this goal, it has also adopted the JUST-IN-TIME production system to improve its efficiency. To become first class, Namsung Precision Co.,Ltd keeps developing a new product, checking the product quality and researching customer’s requirements with each other. www.nam-sung.co.kr

5. ◈ Information • Name of company : Namsung Precision Co.,Ltd • Address : #1130-1 Daegam-ri, Sangdong-Myun, Gimhae-si • Gyeongnam-do, Korea. • Business registration No. : 622-81-24946 • Business item : Brass fittings & Brass ball valves • Established year : 1970’s • Number of employee : 60 persons • Tel : 82-55-323-6000 • Fax : 82-55-323-6006 • Website : www.nam-sung.co.kr www.nam-sung.co.kr

6. ◈ Types of products 1. Valves • Brass Ball Valves • Safety Ball Valves • Composite pipe (PE-AL-PE) fittings • Stainless flexible pipe fitting 2. Brass fittings • Adaptor • Elbow • Long elbow • Union • Nipple • Bushing • Tee • Connector www.nam-sung.co.kr

7. ◈ Types of Products ▶Brass ball valve ▶Valve Socket ▶Coupling ▶Tee Socket www.nam-sung.co.kr

8. ◈ Types of Products 2 ▶Elbow Socket ▶Others 3-Tee, Long socket Valve elbow etc. www.nam-sung.co.kr

9. ◈ Sub-Info. (Factory’s facilities) www.nam-sung.co.kr

10. ◈ Organization Chart Namsung Precision Co.,Ltd PRESIDENT VICE PRESIDENT GENERAL DIRECTOR AUDITING DIRECTOR ADMINISTRATION DEPT. SALES SUPPORT DEPT. OVERSEAS SALES DEPT. DOMESTIC SALES DEPT. SEOUL REGIONAL SALES DEPT. PRODUCTION DEPT. QUALITY CONTROL DEPT. RESEARCH & DEVELOPMENT DEPT. SEOUL REGIONAL SALES DEPT. SEOUL REGIONAL SALES DEPT. www.nam-sung.co.kr

11. ◈ Certificate of Approval (International) www.nam-sung.co.kr

12. ◈ Certificate of Approval (Domestic) www.nam-sung.co.kr

13. ◈ Annual sales result www.nam-sung.co.kr

14. Thanks for yourconcerning www.nam-sung.co.kr