NAMSUNG PRECISION NAMSUNG PRECISION Co.,LtdCo.,Ltd

<Company Profile><Company Profile>

Issued in 2006Issued in 2006

◈◈ ContentsContents• Company’s historyCompany’s history

• IntroductionIntroduction

• Company’s Info.Company’s Info.

• Types of ProductsTypes of Products

• Sub-Info. (Factory’s facilities)Sub-Info. (Factory’s facilities)

• Organization ChartOrganization Chart

• Certificates of ApprovalCertificates of Approval

• Annual sales resultsAnnual sales results

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◈ ◈ Company’s historyCompany’s history• 1970. Oct : Established Namsung company1970. Oct : Established Namsung company• 1985. Apr : Incorporating to Namsung precision industry Co.,Ltd1985. Apr : Incorporating to Namsung precision industry Co.,Ltd Acquired KS(Korean Standard) approval on Pex Pipe & Acquired KS(Korean Standard) approval on Pex Pipe & Copper pipe fittings (KS B 1545, KS B 1546) Copper pipe fittings (KS B 1545, KS B 1546) • 1989. Feb : Designated as a research institute attached on enterprise1989. Feb : Designated as a research institute attached on enterprise• 1991. Dec : Appointed as a technological advanced medium enterprise1991. Dec : Appointed as a technological advanced medium enterprise• 1992. Oct : Recognized as plumbing material for drinkable water1992. Oct : Recognized as plumbing material for drinkable water• 1996. Nov : Acquired Certification of Korean New Technology1996. Nov : Acquired Certification of Korean New Technology• 1996. Dec : Listing Stocks on KOSDAQ 1996. Dec : Listing Stocks on KOSDAQ (Korea Securities Dealers Automated Quotations)(Korea Securities Dealers Automated Quotations)• 1998. Jan : Acquired ISO 9002 Certificate1998. Jan : Acquired ISO 9002 Certificate• 1998. May : Designated venture enterprise1998. May : Designated venture enterprise• 2001. Jul : Changing company name to World Joint Co.,Ltd2001. Jul : Changing company name to World Joint Co.,Ltd• 2002. Jun : Acquired KS approval on Ball Valves (KS B 2308)2002. Jun : Acquired KS approval on Ball Valves (KS B 2308)• 2003. Feb : Renew KS A 9001 : 2001 recognition2003. Feb : Renew KS A 9001 : 2001 recognition• 2003. Apr : Registered production of handle for ball valve and water meter 2003. Apr : Registered production of handle for ball valve and water meter

gagesgages• 2003. Apr : Handle for ball valve registered on utility use property2003. Apr : Handle for ball valve registered on utility use property• 2003. May : Acquired KS approval on copper alloy solder – Joint fittings2003. May : Acquired KS approval on copper alloy solder – Joint fittings• 2003. Dec : Acquired Russian Gost-R approvals2003. Dec : Acquired Russian Gost-R approvals• 2005. Nov : Acquired ISO 14001 Certificate2005. Nov : Acquired ISO 14001 Certificate• 2005. Dec : Acquired KS B 6029 Gas Valve Certificate2005. Dec : Acquired KS B 6029 Gas Valve Certificate• 2006. Feb : Acquired CSA Ball Valve Certificate 2006. Feb : Acquired CSA Ball Valve Certificate • 2006. Apr : Renamed Namsung Precision Co.,Ltd2006. Apr : Renamed Namsung Precision Co.,Ltd

www.nam-sung.co.krwww.nam-sung.co.kr

◈ ◈ IntroductionIntroduction

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

www.nam-sung.co.krwww.nam-sung.co.kr

◈ ◈ InformationInformation

• Name of company : Namsung Precision Co.,LtdName of company : Namsung Precision Co.,Ltd

• Address : #1130-1 Daegam-ri, Sangdong-Myun, Gimhae-Address : #1130-1 Daegam-ri, Sangdong-Myun, Gimhae-sisi

• Gyeongnam-do, Korea.Gyeongnam-do, Korea.

• Business registration No. : 622-81-24946Business registration No. : 622-81-24946

• Business item : Brass fittings & Brass ball valvesBusiness item : Brass fittings & Brass ball valves

• Established year : 1970’sEstablished year : 1970’s

• Number of employee : 60 personsNumber of employee : 60 persons

• Tel : 82-55-323-6000Tel : 82-55-323-6000

• Fax : 82-55-323-6006Fax : 82-55-323-6006• Website : Website : www.nam-sung.co.krwww.nam-sung.co.kr

www.nam-sung.co.krwww.nam-sung.co.kr

◈ ◈ Types of productsTypes of products

1. Valves1. Valves• Brass Ball ValvesBrass Ball Valves• Safety Ball ValvesSafety Ball Valves• Composite pipe (PE-AL-PE) fittingsComposite pipe (PE-AL-PE) fittings• Stainless flexible pipe fittingStainless flexible pipe fitting

2. Brass fittings2. Brass fittings• AdaptorAdaptor• ElbowElbow• Long elbowLong elbow• UnionUnion• NippleNipple• Bushing Bushing • TeeTee• ConnectorConnector

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◈ ◈ Types of ProductsTypes of Products

▶▶Valve SocketValve Socket

▶▶CouplingCoupling

▶▶Tee SocketTee Socket

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▶▶Brass ball valveBrass ball valve

◈ ◈ Types of Products 2Types of Products 2

▶▶Elbow Elbow SocketSocket

▶▶OthersOthers

3-Tee, 3-Tee,

Long socketLong socket

Valve elbow Valve elbow

etc.etc.www.nam-sung.co.krwww.nam-sung.co.kr

◈ ◈ Sub-Info. (Factory’s facilities)Sub-Info. (Factory’s facilities)

www.nam-sung.co.krwww.nam-sung.co.kr

◈ ◈ Organization ChartOrganization Chart

PRESIDENT

GENERAL DIRECTOR AUDITING DIRECTOR

VICE PRESIDENT

ADMINISTRATIONDEPT.

SALESSUPPORT

DEPT.

OVERSEASSALESDEPT.

SEOULREGIONAL

SALESDEPT.

DOMESTICSALESDEPT.

PRODUCTIONDEPT.

QUALITYCONTROL

DEPT.

RESEARCH&

DEVELOPMENTDEPT.

SEOULREGIONAL

SALESDEPT.

SEOULREGIONAL

SALESDEPT.

Namsung Precision Co.,LtdNamsung Precision Co.,Ltd

www.nam-sung.co.krwww.nam-sung.co.kr

◈ ◈ Certificate of Approval (International)Certificate of Approval (International)

www.nam-sung.co.krwww.nam-sung.co.kr

◈ ◈ Certificate of Approval (Domestic)Certificate of Approval (Domestic)

www.nam-sung.co.krwww.nam-sung.co.kr

◈ ◈ Annual sales result Annual sales result

www.nam-sung.co.krwww.nam-sung.co.kr

Actual sales resultin 2004

Actual salesresult in 2005

Actual sales resultin 2006

Domestic sales US$22,000,000 US$22,500,000 US$29,100,000

International sales US$2,600,000 US$2,800,000 US$3,800,000

Total US$24,600,000 US$25,300,000 US$32,900,000

Thanks for yourThanks for yourconcerningconcerning

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