The 10th meeting of the 15th Board of Directors of China Steel Corporation (CSC) was held on November 12, 2014. Major items of the agenda adopted were:
1. Schedule change of capital expenditure projects
Based on the requirement for rearranging the hot rolling production capacity in order to satisfy the demand of market in 2015 and reduce the contract-out expense of hot rolling, the revamp of pre-programmed automatic and electrical control system for No. 2 hot strip mill at Rolling Mill Department II ─ Hot Rolled Products, which was resolved in the 16th meeting of the 14th Board of Directors on December 27, 2012, will extend its original schedule period from January 1, 2013 to December 31, 2017 to that from January 1, 2013 to December 31, 2018, totally extending 12 months. In the same reason, the revamp of Nos. 1 and 2 reheating furnaces for No.1 hot strip mill, which was resolved in the 2nd meeting of the 15th Board of Directors on August 9, 2013, will extend its original schedule period from September 1, 2013 to October 31, 2017 to that from September 1, 2013 to October 15, 2018, totally extending 11.5 months.

2. Signing turnkey contract with China Steel Machinery Corporation for revamp of blast furnace gas reservoir
The turnkey contract for revamp of blast furnace gas reservoir has been signed with China Steel Machinery Corporation after negotiating the amount to be NT$805 million.

3. Fund endowment for the operations of CSC Group Education Foundation in 2014
CSC Group Education Foundation (the Foundation) was established by CSC through fund endowment. Every year the needed fund for the Foundation's operations was endowed by the companies of CSC Group after deducting accrued interest including dividend and time-deposit interest from fund. The amount CSC has to endow for the Foundation in 2014 is NT$8.482 million.


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