OPCO convenes the 31^st annual shareholders meeting

March 11, 2011. Oriental Precision & Engineering (“OPCO”) has held 31^st annual shareholders meeting at its Busan headquarters.

Following the reports from the audit committee, the company business units, and from the external auditor, the meeting passed resolutions as follows: amendments to the Articles of Incorporation; the appointment of directors; the limitation of remuneration for directors; and the limitation of remuneration for the members of audit committee. The three directors (Sang-won Suh, Oh-hyung Kwon, and Sun-il Kim) whose office terms expire this year were re-appointed.

At the meeting, Mr. Chong-suk Suh, the CEO of OPCO has explained to the shareholders that the decrease in per-sale profitability from bad economy and the loss on valuation of equity method by the subsidiaries were the main causes for the recent deterioration of the company’s performance.

Also, Mr. Suh proclaimed that the year 2011 would be “the year for OPCO to leap forward” with the company’s 30-year experience and talent, by strengthening the company’s competitiveness with management innovation, and by providing its clients with the “first class treatment” in the quality, delivery and safety of OPCO’s services.

Photo: The 31^st OPCO shareholders meeting in the company’s main conference room