The term 'conflict minerals’ refers to minerals such as tin, tantalum, tungsten, and gold that are produced/mined in the Democratic Republic of the Congo (DRC) and neighboring countries, which are in a state of civil unrest.
Funds generated from conflict minerals flow into armed forces in the region, and support human rights violations such as child labor, forced labor, and abuse of women in the mining process, as well as massacres of civilians.
As international concerns over conflict minerals increased, the US Congress enacted a law (Dodd-Frank Financial Regulatory Reform Act) in 2010 that required reporting on the use of conflict minerals. In accordance with Section 1502 of this Act, companies listed on the US stock market are required to investigate their use of conflict minerals and their origin, conduct due diligence on their supply chain, and report the results to the U.S. Securities and Exchange Commission (SEC).
• As a responsible company, Solus Advanced Materials Co., Ltd. will ensure that conflict minerals associated with armed forces in conflict areas are not included in the supply chain for the production of its products.
• Conflict Minerals Management Plan of Solus Advanced Materials Co., Ltd.
• Solus Advanced Materials Co., Ltd. requires all suppliers to fully understand the laws related to conflict minerals in the United States, and to strictly comply with the company’s conflict minerals management policy so that it can be consistently applied to the lower levels of the supply chain.
• To this end, partners of Solus Advanced Materials Co., Ltd. must do the following.
Together with its suppliers and customers, Solus Advanced Materials Co., Ltd. actively supports international efforts to ban the use of conflict minerals.