COSMO CHEMICAL CO., LTD.

I would like to say my regards to our precious clients over the world and I, Jae-Hyun Baik, have been working for Cosmo Chemical Co. Ltd. as the new CEO & President of Cosmo Chemical Co., Ltd. First of all, I sincerely appreciate those who have helped us all the time. Since 1968, our company has been the only manufacturer of Titanium Dioxide Anatase Type in Korea which is the white pigment with the best quality. We have been producing the superior products with the professional skills and accumulated know-how for many years. Also, we have been manufacturing the high value-added product, Titanium Dioxide Anatase Type for Fiber Use. We are developing the new product such as Photocatalyst in order to commercialize it in the market. In 2003, we have been through situations. It is true that we have some difficulties in outer business environment even though we already made the stable base with the M&A. I sense the strong responsibility that I should take as a CEO at the new starting point.