SUNGCHANG AUTOTECH CO.,LTD., formerly SEUNG CHANG AIRTEK CO., LTD., is a Korea-based company principally engaged in the manufacture of automobile air conditioning parts. The Company’s products portfolio consists of cabin air filters, automobile air cleaners, cluster ionizers, grille radiators, heater assemblies, inverter assemblies, pulleys and other automobile parts. It also produces total heat exchangers and others under the brand name SCANA. The Company distributes its products within domestic market and to overseas markets. Its main clients are Hyundai, KIA MOBIS, Halla Climate Control and others. As of December 31, 2011, the Company had one affiliated company. On November 1, 2012, the Company acquired 100% shares of COSMOCELL CO., LTD, a Korea-based manufacturer of auto parts. On April 1, 2013, the Company merged with COSMOCELL CO.,LTD., its wholly owned subsidiary, mainly engaged in the automotive parts business.