With new goals set under the rapidly changing trends of the global economy, we rely on our faith and passion in implementing creative systems and make every effort to maximize shareholder and corporate value.

 Providing a foundation for the domestic fluoride industry, we are maintaining our lead in a number of areas covering coolants, foaming agents, battery materials, automotive mats, and clean development mechanism (CDM) projects, serving a central role, in particular, in the domestic development and distribution of environmentally friendly alternative coolants. Our implementation of the CDM project is also making a significant contribution to the enhanced global perception of the country in terms of environmental protection. In the same vein, we are constantly engaged in research and development efforts to develop new products, exploit new markets, and enter new areas of operation, as well as aggressively pursuing the overseas expansion of our operations.

 Building on these efforts, we are enhancing our corporate competitiveness and diversifying the operational structure for the future, contributing to the systematic growth of the company. The purpose of our efforts to revamp our areas of operation, including our demerger from Firstec Co., Ltd. on Nov. 23, 2006, our IPO on the Korea Exchange on Dec. 22, 2006, and the successful business transfer from Ulsan Chemical Co., Ltd., is to maximize value creation for the company as well as our shareholders and customers over the long haul.

 Reborn out of the successful completion of all tasks in connection with the business transfer thanks to your encouragement, Foosung Co., Ltd. was finally able to make a full-scale entry into the market for hydrofluoric acids for semiconductors high value-added products from 2008. This was an excellent addition to our established product lines: organic and non-organic fluoride coolants, automotive mats, and CDM operations.

 We at Foosung think these days are more important than ever and a turning point for our growth. We have planned for, and are making investments in, the expansion of capacity for hydrofluoric acids for semiconductors: NF3, WF6, and C4F6. We are firmly convinced that we can make a long-term breakthrough if the successful completion of these investments results in our production facilities reaching sufficient capacity to achieve economies of scale.

 Being the foremost fluoride manufacturer in Korea as well as the leader in CDM and other operations, we promise to make continuous improvements in our corporate value and work to present a bright future for our customers and shareholders.

 I would like to humbly ask for your support and encouragement.

 Thank you very much.