Conflict Minerals Handling

On Aug. 22, 2012, the final rule regarding sourcing of conflict minerals under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) was approved by the U.S. Securities and Exchange Commission (SEC). The rule requires companies that are listed on U.S. stock exchanges to make reasonable inquiries, and depending on the circumstances, undertake further due diligence to try to determine the source and chain of custody of “conflict minerals” that may be used in their products, and to publicly report on an annual basis whether any such “conflict minerals” originate and finance armed groups in the Democratic Republic of the Congo (DRC) or adjoining countries.

Although MEMSCAP is not required to report to the US SEC, the Company is aware that a number of its customers may be required to do so. As such, MEMSCAP will do its upmost to support its customers handling this requirement.

The “conflict minerals” are tin, tantalum, tungsten and gold.

MEMSCAP Custom Products business unit is directly purchasing some of these minerals from qualified suppliers.
MEMSCAP Standard Products business unit does not directly purchase any of such minerals from its suppliers but rather purchases component parts from sub-suppliers that contain metals, which could be derived from mines in the DRC or adjoining countries.

What is Memscap doing to help?

Memscap is sending standardized template to our suppliers and asking them to provide information regarding the smelters/refineries in their supply chains.

MEMSCAP expectations from its suppliers

MEMSCAP expects each of its suppliers to complete and return to the Company the EICC/GeSI Conflict Minerals Reporting Template in a timely manner and provide MEMSCAP with all other information that may be requested regarding the sourcing of minerals in products supplied to MEMSCAP.

MEMSCAP will regularly query suppliers to verify that the requirements are being met to help ensure the health and safety of all workers in the Company supply chain.

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