Chung Sha Clarifies Economic Daily Report Dated August 12, 115

1. Date of Event: 115/08/12 2. Company Name: Chung Sha Abrasives Co., Ltd. 3. Relationship with Company (Please enter '本公司' or 'Subsidiary'):本公司 4. Cross-shareholding Ratio:本公司 5. Media Name: Economic Daily, Page C04 6. Report Content: Regarding the report by Economic Daily: Outlook for future market... annual revenue target is expected to grow by double digits compared to last year. 7. Reason for Occurrence: Clarification of media report 8. Response Measures: The reported content is purely a well-intentioned estimation by the media. For financial and business information regarding our company, please refer to official announcements posted on the Public Information Observation Station. 9. Other Matters to be Disclosed: None