Boshen Tools: Announcement on the Progress of Anti-dumping Litigation

On February 22, 2013, Boshen Tools Co., Ltd. (hereinafter referred to as the “Company”) disclosed the “Announcement on the Progress of Anti-Dumping Lawsuits”. The company received the notice from Shanghai Jintiancheng (Beijing) Law Firm on June 21, 2013. The United States has made new progress in anti-dumping investigation cases originating from Chinese diamond saw blades (hereinafter referred to as “anti-dumping cases”). The relevant situation is announced as follows.

On December 10, 2012, the US Department of Commerce announced the results of the second annual administrative review preliminary review in the federal announcement (review period: November 1, 2010 to October 31, 2011), the company obtained 35.09% of the difference. Tax rate; on June 17, 2013, the US Department of Commerce announced the final result of the second annual administrative review of anti-dumping cases in the federal notice (review period: November 1, 2010 to October 31, 2011), the company finally Obtained a separate tax rate of 8.1%.

Since the publication date of the final annual administrative review of the second annual administrative review (June 17, 2013), US Customs has imposed a tariff deposit on the diamond circular saw blades and parts imported by the US subsidiary from the company in accordance with the final ruling rate of 8.1%. Until the third annual administrative review (review period: November 1, 2011 to October 31, 2012) the final tax rate is announced. (On February 13, 2013, the company was selected by the US Department of Commerce as the responding company for the third annual administrative review. The review is currently underway.)

The announcement of the final annual administrative review final tax rate will not have a significant impact on the company's operating results from January to June 2013. The company continued to maintain its forecast for the first quarter report for the January-June 2013 operating results.

If there are other new developments in anti-dumping litigation, the company will disclose it in a timely manner.

Special announcement. Board of Directors of Boshen Tools Co., Ltd. June 22, 2013

Hydrofluorocarbons (HFCs), organic compounds that contain fluorine and hydrogen atoms,
are the most common type of organofluorine compounds. They are commonly used in air conditioning and as Refrigerants [4] in place of the older chlorofluorocarbons such as R-12 and hydrochlorofluorocarbons such as R-21. They do not harm the ozone layer as much as the compounds they replace; however, they do contribute to global warming. Their atmospheric concentrations and contribution to anthropogenic greenhouse gas emissions are rapidly increasing, causing international concern about their radiative forcing.
Fluorocarbons with few C-F bonds behave similarly to the parent Hydrocarbons, but their reactivity can be altered significantly. For example, both uracil and 5-fluorouracil are colourless, high-melting crystalline solids, but the latter is a potent anti-cancer drug. The use of the C-F bond in pharmaceuticals is predicated on this altered reactivity.[5] Several drugs and agrochemicals contain only one fluorine center or one trifluoromethyl group.

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Quzhou Xiecheng Chemical Co., Ltd. , http://www.xcrefrigerant.com