Conflict Mineral Policy
According to the “Dodd-Frank Wall Street Reform and Consumer Protection Act” passed by the USA in 2010, the Act requires the United States Securities and Exchange Commission to enact a “Conflict Minerals” decree that companies must disclose products information on the use of "conflict minerals" in the production process.
“Conflict Minerals” refers to the metals, namely gold (Au), tantalum (Ta), tin (Sn), tungsten (W) harvested illegally from the conflict zone of the Democratic Republic of the Congo (DRC) or an adjoining country. These metals are often used in many electronic products and equipments. In the mining process and it’s trading, these minerals are often the main source of military funds of the local illegal armed groups. They control these minerals and have caused serious armed conflicts, violent incidents, massacres and violation of human rights in relevant conflict areas.
SIT Inc. promises to resist the conflict minerals and it’s illegal activities, and is willing to support this Act, doesn’t accept the use of minerals from the “Conflict Minerals” including gold (Au), tantalum (Ta), tin (Sn ), tungsten (W) and raw materials for metal smelters not recognized by CFSI.
SIT Inc. has a responsibility to review our supplier to follow the below requirements:
1) Request our suppliers do not use and purchase the metals from the Democratic Republic of the Congo or an adjoining country., and also complete the Conflict Minerals Reporting Template (CMRT) to confirm whether their company’s product contains gold (Au), tantalum (Ta), tin (Sn), tungsten (W)
2) Request our supplier to deliver the concept and request above to the sub- suppliers. If the supply chain is using these metals, ask them to investigate and provide the information of the smelter who provides these metals.