Ministry of Commerce issued an announcement on April 13, 2005 to start an anti-dumping investigation on the imported Polyurethane (Spandex or Elastane) originating from Japan, Singapore, ROK, Taiwan Region and the U.S. (hereinafter referred to as the investigated products).

In accordance with Article 24 of Anti-dumping Regulations of People’s Republic of China, Ministry of Commerce made the preliminary arbitration that dumping of the investigated products had taken place, which had caused material injury to mainland China’s industry and there was a casual relationship between the dumping and the injury.

The Polyurethane (Spandex or Elastane) is listed under No. 54024920, 54026920 in Import and Export Tariffs of General Administration of Customs of PRC.

In accordance with Article 28 and 29 of Anti-dumping Regulations of People’s Republic of China, Ministry of Commerce decided to take anti-dumping measures by deposit in security as from May 24, 2006.

Deposit in security rates are as follows:

1. Companies of Japan:
　OPELONTEX Co., Ltd.　　　　　　　　　　 13.87%
　All Others　　　　　　　　　　　　　　　 61.00%

2. Companies of Singapore
INVISTA (Singapore) Fibres Pte. Ltd.　　 11.50%
All Others 　　　　　　　　　　　　　　　　 61.00%

3. Companies of ROK
　Hyosung Corporation　　　　　　　　　　　 0%
　TongKook Corporation　　　　　　　　　　　0%
　Taekwang Industrial Co.,Ltd.　　　　　　 0%
　All Others　　　　　　　　　　　　　　　　 61.00%

4. Companies of Taiwan Region.
　FORMOSA ASAHI SPANDEX CO., LTD　 5.09%
　All Others　　　　　　　　　　　　　　　　　　 61.00%

5. Companies of the U.S.　　　　　　　　　　　 61.00%

The relevant interested parities could apply written comments, with related evidence, to Ministry of Commerce for consideration within 20 days as of the date this announcement is issued.

Appendix: Ministry of Commerce Preliminary Arbitration on Anti-dumping Investigation on Imported Polyurethane (Spandex or Elastane) Originating from Japan, Singapore, ROK, Taiwan Region and the U.S.

Ministry of Commerce
May 24, 2006