2034 Yung Chiung Announces New General Manager at Key Subsidiary YC INOX TR

Release Date: July 15, 2016 Statement Date: July 14, 2016 Time: 16:34 Company Code: 2034 Company Name: Yung Chiung

Subject: Announcement of General Manager Change at Key Subsidiary YC INOX TR Celik Sanayi ve Ticaret A.S.

Applicable Clause: Item 6 Factual Date: July 14, 2016

Details: 1. Board Resolution or Change Date: July 14, 2016 2. Position Type (Chairman or General Manager): General Manager 3. Former Name: Bo-Kai Chang 4. Former Resume: Executive Director and Acting General Manager of YC INOX TR Celik Sanayi ve Ticaret A.S. 5. New Appointee: Taylan Pehlivanzade 6. New Resume: General Manager of OPTA TR A.S. 7. Nature of Change (e.g., resignation, dismissal, term expiration, job reassignment, severance, retirement, death, or new appointment): New Appointment 8. Reason for Change: New Appointment 9. Effective Date of New Appointment: July 14, 2016 10. Additional Notes: This significant information pertains to a publicly listed company and concurrently meets the criteria under Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act regarding matters significantly affecting shareholders' rights or securities prices. No further disclosures required.