BUILDING YOUR TOMORROW TODAY

Doosan Corporation Fact Book 2017

C0ntents

04 History of Doosan

05 Companies of Doosan 06 The Doosan Way

07

08 Our Businesses

10 Electro-Materials 18 Industrial Vehicle

24 Mottrol

30 Fuel Cell

36 Doota DF

40 Glonet

44 Information & Communications

46 FM

48 Global Network

Doosan Corporation 03 History of Doosan

Established in 1896 as Korea’s first modern enterprise and now its oldest company with a proud 121-year history, Doosan has been making phenomenal growth on the strength of its revolutionary innovations since the late 1990s. With a sustainable management structure meeting the global standard, Doosan is starting a new chapter for a new century.

1896~1949 | The Foundation of Our Success 1896 •Park Seung-jik opened first store 1925 • Changed the name of Park Seung-jik Store 1915 • Started making Parkabun, a cosmetic Limited. powder

1950~1979 | The Birth of 1951 • Established Doosan Trading Company ( Currently Doosan Corporation (Currently Doosan Corporation Glonet BG) Electro-Materials BG) 1952 • Established • Established Doosan Development 1960 • Established Dongsan Construction 1975 • Established Dongyang Agriculture and Engineering (Currently Doosan 1978 • Renamed OB Group as Doosan Group Engineering & Construction) 1979 • Established Oricom Inc. 1974 • Established OAK Industries Korea

1980~1995 | Growth 1980 • Founded OB Seagram 1993 • Opened Yonkang Hall 1982 • Formed OB Bears (Currently ) (Currently Doosan Art Center) 1987 • Established Doosan Enterprise 1994 • Established Doosan Information & (Currently Doosan Cuvex) Communication (Currently Doosan 1988 • Acquired Duksoo Development Corporation I&C BU) 1991 • Founded Doosan Training & Technology • Recognized as the oldest enterprise Center in Korea

1996~2005 | Changes and Transformation 1996 • Announced Doosan Group’s new CI Construction (Currently Doosan Heavy • Celebration of the 100th anniversary of Industries & Construction) Doosan’s foundation 2003 • Acquired Koryo Industrial Development 1998 • Established Doosan Corporation 2005 • Acquired Daewoo Machinery •Completed Doosan Tower (Currently Doosan Infracore) 2000 • Established Neoplux • Acquired AES in the U.S. 2001 • Acquired Korea Heavy Industries and (Currently Doosan Hydro Technology)

2006~ | Global Growth 2006 • Acquired Mitsui Babcock UK (Currently 2013 • Doosan corp. merged with Doosan ) Industrial Vehicle (Launched Industrial 2008 • Acquired Dong Myung Mottrol (Currently Vehicle BG) Doosan corp. Mottrol BG) 2014 • Established Doosan corp. Fuel Cell BG 2009 • Doosan corp. converted into a • Doosan corp. acquired Circuit Foil business-running holding company Luxembourg • Doosan corp. acquired Rushlift Ltd., 2012 • Advocated “The Doosan Way” a UK based company • Established Jiangyin Plant in China by 2015 • Doosan corp. Patenting Doota DF Store Doosan corp. Mottrol BG in Seoul • Established Changshu Plant by Doosan 2016 • Doosan corp. Doota DF Store Opens corp. Electro-Materials BG • Doosan Bobcat listed on the Korea • Acquired ENPURE, a UK based company Exchange (Currently, Doosan ENPURE) 2017 • Established Iksan Plant by Doosan Fuel Cell

04 Doosan Corporation Companies of Doosan

Doosan Corporation Main Businesses Other Businesses

Electro-Materials BG Doosan Mecatec Doosan Heavy Industries & Industrial Vehicle BG Construction ORICOM Power plant, Water, Casting Mottrol BG Hancomm

Fuel Cell BG Doosan Infracore Neoplux Excavators, Wheel loaders, Doota DF BG and other types of Doota Mall construction equipment, and Engines Glonet BG Doosan Cuvex

Information & Communications BU Doosan Bobcat Doosan Bears SSL, CTL, MEX and other FM BU types of small-sized construction equipment

BG (Business Group) BU (Business Unit) Doosan Engineering & Construction Civil works, Building works, Housing works

Doosan Engine Diesel engines for vessels and power generation, Diesel power plant

2016 Group Financial Highlight

Sales Operating profits Total assets Total capital

(KRW 100 million) (KRW 100 million) (KRW 100 million) (KRW 100 million)

164,107 9,172 286,648 79,009

Financial statements of Doosan Corporation, consolidated basis | In accordance with the Korean International Financial Reporting Standards (K-IFRS)

Doosan Corporation 05 The spirit that drives our people is the core of the Doosan Way.

The Doosan Credo is a set of principles that represent Doosan’s philosophies and our unique way of doing The Doosan business. These principles have been the foundation of Doosan’s success for the past century. The Doosan Credo Credo is integral to every aspect of our business and people, clearly guiding our decisions and the way we do business. Through the realization of these values, Doosan accomplishes its ultimate goal. The Credo consists of Doosan’s “Aspiration” and “Core Values”.

Doosan’s ultimate goal is the creation of a “Proud Global Doosan”. In our Vision, each of our employees and Aspiration all of our stakeholders will benefit from, and be proud of their association with, Doosan. Every employee takes great pride in being a member of Doosan. Each customer recognizes and appreciates Doosan’s high-quality goods and services. Every shareholder values our sense of fairness and high levels of profit.

Doosan People practice the nine core values of the Doosan Credo everywhere we operate, every day, to build a “Proud Global Doosan”. These values guide the way we do business, the way we treat each other and the way Core Values we work with all of our partners. The nine core values of the Doosan Credo are as follows: People / Cultivating People / Integrity and Transparency / Inhwa / Customers / Worldclass Technology and Innovation / Profit / Social Responsibilty / Safety and Enviroment

Doosan's strategy is based on the principle of “2G”-Growth of Business by Growth of People. 2G is a virtuous circle in which people drive business growth, which in turn provides our people the opportunity for Strategy advancement. Doosan believes that sustained success can only come through people. People have been the foundation of our success for the past century and will help us build our next hundred years. Such trust in our people lies at the very heart of Doosan's management philosophy.

Doosan People Doosan People are those who keep the Doosan Credo in their hearts and practice Doosan’s distinctive traits everywhere they operate. Traits of Doosan People are as follows.

06 Doosan Corporation Doosan Corporation

Doosan Corporation exercises its capabilities in various businesses based on its advanced governance structure. As a parent company of Doosan, Doosan Corporation creates stable profits not only from its independent business, which is composed of six business groups— Electro-Materials, Industrial Vehicle, Mottrol, Fuel Cell, Doota DF, and Glonet—and two business units such as Information & Communications and FM, but also from brand royalties and dividends.

Current Status of General Corporate Information

Representative Major No. of Overseas Director business employees business

14 production bases, Electronic materials, Jeongwon Park, 4,165 13 corporation branches, hydraulic parts, forklift truck, Jaekyung Lee persons and 4 business branches in fuel cell, etc. 12 countries around the world

Financial Highlights

Sales Operating profits (KRW 100 million) (KRW 100 million) 20,671 19,954 18,736 2,564 2,134 2,254

2014 2015 2016 2014 2015 2016

Total assets Total capital (KRW 100 million) 37,447 (KRW 100 million) 21,105 21,126 35,096 34,782 21,093

2014 2015 2016 2014 2015 2016

Based on separate financial statements of Doosan Corporation In accordance with the Korean International Financial Reporting Standards (K-IFRS)

Doosan Corporation 07 Our Businesses

Electro-Materials Industrial Vehicle Mottrol Fuel Cell

Electro-Materials BG Industrial Vehicle BG Mottrol BG Fuel Cell BG Doosan Corporation Electro- Doosan Corporation Industrial As a pioneer in the Korean hydraulics As one of the world’s best fuel cell Materials is leading the Vehicle is recognized as the world’s business, Doosan Corporation Mottrol companies, Doosan Corporation development of the electronics best logistics equipment producer develops and produces hydraulic Fuel Cell provides and supplies fuel industry by supplying the main that manufactures engine-powered components for construction cell products for housing, buildings, materials for PCB, a core part for forklifts and electric forklifts. As eco- equipment and defense systems. and generation as well as cell stacks electronics, including CCL (Copper friendly products with significantly Based on its accumulated experience and reformers, which are core parts Clad Laminate) and OLED materials reduced noise, vibration, and exhaust, and technology, Doosan is now for fuel cell systems. (illuminating and common layer for Doosan’s industrial vehicles earn high expanding its business to become a fluorescence phosphorescence). praise from customers from around global comprehensive components the world. Our vehicles are renowned manufacturer in the ISB field. for their high level of convenience and economic feasibility for drivers as well as their best performance and quality.

Main Business Areas: Main Business Areas: Main Business Areas: Main Business Areas: CCL, OLED materials Engine-powered forklifts, Heavy equipment for construction PAFC (Phosphoric Acid Fuel Cell), electric forklifts, and hydraulic equipment for the PEMFC (Polymer Electrolyte warehouse equipment defense industry, Hydraulic pumps Membrane Fuel Cell)

08 Doosan Corporation Doota Duty Free Glonet Information & FM Communication

Doota DF BG Glonet BG Information & FM BU Doota DF Store, which opened at Doosan Corporation Glonet provides Communication BU FM(Facility Management) BU Doosan Tower (Doota), a landmark customers with differentiated The Company provides total IT conducts maintenance of facilities building in Dongdaemun, is the value by developing and supplying services including IT consulting, and comprehensive management first duty free store in Korea that is medical emulsifiers, functional system integration, application for buildings such as machinery/ open until late at night, providing foods, cosmetics materials, and systems, and IT infrastructures to electricity/construction/disaster shoppers with unique shopping plant growth regulators. Doosan affiliates worldwide. prevention/control facilities. experience and serving as a duty free store that seeks “mutual prosperity with the community” as a partner in realizing the development of the Dongdaemun commercial district.

Main Business Areas: Main Business Areas: Main Business Areas: Main Business Areas: Duty free shopping business Bio-tech business IT Consulting & System General Facility Management Implementation, System Operation, IT Infrastructure Operation

Doosan Corporation 09 10 Doosan Corporation

Electro- Materials

Doosan Corporation Electro-Materials brings happiness to the world with its technologies as the leader in electronic materials.

CCL / FCCL / Package CCL / Halogen Free CCL / OLED Materials

Doosan Corporation 11 Summary

Vision Doosan Corporation Electro-Materials is growing into a company specialized in electronic materials to create customer value based on quality improvement, efficient resource management, and dynamic corporate culture through creative technology innovation.

A Company Specialized in Electronic Materials Leading Value Creation

Customer Creative Cost Culture value Technology Excellence Integrity

Create customer Creative technology Achieve high- Establish dynamic value through innovation efficiency at low cost corporate culture customer satisfaction

History

1974 •Established Oak Industry Korea as a joint 1996 •Completed the construction of Iksan Factory 2007 • Supplied metal CCL for LED in mass venture with Oak Industry of the U.S. 1998 •Completed the construction of Gimcheon Factory production 1980 •Completed the construction of Gumi Factory •Merged with Doosan Corporation 2010 • Completed the construction of OLED Iksan 1986 •Changed company name to Doosan 2003 •Launched OLED business Factory Corporation Electro-Materials Co., Ltd. 2004 •Supplied CCL in mass production for 2011 • Completed the construction of Changshu 1987 •Established R&D Center semiconductor package board Factory, China 1988 •Completed the construction of Jeungpyeong •Developed the OLED light-emitting materials 2014 • Acquired CFL (Circuit Foil Luxembourg), Factory 2005 •Supplied FCCL for FPCB in mass production a company specialized in copper foil

Snapshot

Operating Profits (KRW 100 million) Sales (KRW 100 million)

2014 6,735 2014 374

2015 7,524 2015 609

2016 7,997 2016 802

※ Including Overseas Subsidiaries Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Structure Value Chain

CCL CCLs are typically several layers of copper and (Copper Clad Laminate) insulation shields for electronics. Resin is used as a basic material for insulation layers. CCL CCLs (Copper Clad Laminates) are core Although resin has remarkable electrical parts of PCB (Printed Circuit Board) characteristics, it suffers these shortcomings; it has insufficient mechanical strength and its that allow electronic products to change in size due to temperature is ten times operate their functions by equipping greater than metal. semiconductor and electronic parts. To supplement these defects, paper, glass They are important and fundamental fiber, and glass felt are used as reinforcement Forming a parts for electronic products. materials. By using these reinforcement circuit materials, resin’s perpendicular and horizontal strength increases, while temperature-caused change in size also decreases. PCB

Types

▶ FCCL (Flexible CCL)

▶ PKG CCL (Package CCL) Loading ▶ HF CCL (Halogen Free CCL) with parts

SET

Process of producing CCLs (Copper Clad Laminates)

Drying(Treater) Resin Solvent Chemical Build-up Copper Prepreg Mixing Copper

Cutting Glass Fabric

Pressing Impregnation

Packing Copper Clad Laminate

Doosan Corporation 13 Current Status of Business Value Chain

FCCL ▶ The size and weight of devices have gradually (Flexible Copper Clad Laminate) decreased, but mobile communications equipment such as cell phones require high- speed communications to send massive amounts FCCL Materials for of data. In response to this trend, Doosan Corporation Electro-Materials produces thin FCCL, Flexible PCBs low-DK FCCL, and high-transparency FCCL.

▶ 2nd place in global market share These are the essential parts for ▶ Production is being carried out at Iksan Factory electronic goods, such as cell in Korea and Changshu Factory in China. Forming a phones and tablets, that require high- circuit density and three dimensional Product Characteristics and Benefits interconnection. They are PCB characterized by heat resistance, ▶ High quality and competitive features such as high chemical resistance, high thermal chemical resistance, and high resistance, and high flexibility flexibility. ▶ Lineup with wide variety and remarkable production technology skills

Loading Products for Application with parts

▶ Mobile Phone, Tablet PC ▶ Digital Camera SET ▶ Automotive electric product

14 Doosan Corporation Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Current Status of Business Value Chain

Package CCL ▶ Following the trend of light weight, thin, short, (Package Copper Clad Laminate) and small electronic products, the boards applied to semiconductor packages are required to be Package heat-resistant and highly reliable and have high CCL Materials for transmission speed for processing massive amounts of data. To meet rapidly-changing market Package Substrates demands, Doosan Corporation Electro-Materials produces PKG CCL that features thinness, low CTE, high heat resistance, and low DK.

These are materials for semiconductor rd ▶ 3 place in global market share package substrates that electronically ▶ Production is being carried out at Gimcheon Forming a circuit connect semiconductor chips Factory, Korea to the main board and protect semiconductors. They need to have PCB fine patters and excellent reliability Product Characteristics and Benefits to ensure high density and high ▶ High mechanical characteristics with low DK performance. and high heat resistance

▶ Technology for producing super-thin products

▶ Establishing various products for lineup

Loading with parts Products for Application

▶ Mobile phones, Tablet PCs SET

Doosan Corporation 15 Current Status of Business Value Chain

Halogen Free CCL ▶ As interest in the environment has grown, (Halogen Free Copper Clad Laminate) Doosan Corporation Electro-Materials produces halogen-free CCL without bromine (Br) and Halogen chlorine (CI). Halogen-free products are widely Free CCL Halogen-free used in electronic products such as cell phones and laptops. The company has also developed Substrate Materials highly heat-resistant halogen-free products for application in multilayer PCB.

th Halogen-free substrate materials are ▶ 5 place in global market share FR-4 product materials without any ▶ Production is being carried out at Jeungpyeong and Gimcheon Plants in Korea, Changshu Plant in Forming a circuit halogen. These are produced to meet China. the eco-friendly demands of customers in the domestic and overseas electronic Product Characteristics and Benefits PCB industry. These materials are ▶ Features eco-friendliness, high strength, and necessary for PCBs that are applied to low-Dk mobile phones/tablets/PCs. ▶ Various applications for mobile, memory module, automotive, etc.

Loading Products for Application with parts

▶ Mobile phones, Tablet PCs

▶ Automotive electronic products, SET Memory module

16 Doosan Corporation Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Current Status of Business Value Chain

OLED ▶ OLED is a “self-emitting organic material” that (Organic Light Emitting Diodes) emits the light independently when the electric OLED current flows in a fluorescent organic compound. Materials for Doosan Corporation Electro-Materials secures emitting layer Materials for Organic core technology and patents of high-functional /common layer materials for enhancing the efficiency of OLED Light-emitting Diodes panels and extending their life-time.

▶ 5th place in global market share These materials produce only few ▶ Production is being carried out at Iksan Factory, after images due to their remarkable Korea Evaporation definition response speed, which is 1,000 times faster compared to TFT- Product Characteristics and Benefits +Anode (Metal oxide) LCD. Since the lights emitted from these Module ▶ Low-consumption electricity / Ultra-thin Hole transporting materials are close to natural lights, layer products they are primarily used for next- Emitting layer ▶ Wide viewing angle and rapid response speed Electron generation flat panel displays and transporting layer lighting. Products for Application Loading with ▶ Mobile phones, Tablet PCs module

▶ OLED TV

SET

Doosan Corporation 17

Industrial Vehicle

Recognized as a world-renowned logistics equipment producer that has earned various certificates such as “world-class products of Korea,” Doosan Corporation Industrial Vehicle produces engine-powered forklifts, electric forklifts and Warehouse Equipment.

Engine-powered forklifts / Electric forklifts / Warehouse equipment Summary

Vision Doosan Corporation Industrial Vehicle is leaping forward as a “Total Logistics Solution Provider” by expanding its product platforms and business models.

World’s Leading Value Forklift Brand

Customer Superior Innovation Focus Products Customer-focused Continuous innovation Remarkable products management and services

History

1968 •Began forklift production 2000 •Developed G-5 series 2008 •Aquired the Warehouse equipment company 1979 •Developed Electric Forklift 2002 •Selected as a world-class product “ATL” (Now DILE) 1990 •Achieved a total of 50,000 exported forklifts 2004 •Began sales as “Doosan” brand •Received UK FLTA Award “Safety” 1993 •Developed/Exported an independent model •Received the Grand Prize for Ergonomic 2010 •Developed a mega-sized forklift (18-ton) 1998 •Began production of forklifts at Yantai Design Awards 2011 •Launched Doosan Industrial Vehicle Factory, China 2006 •Forklift sales surpassed 300,000 units 2013 •Merged with Doosan Corporation 1999 •Established the global market sales network •Received UK FLTA Award “Safety” 2015 •Takeover Rushlift - Forklift rental company in UK in 87 countries 2016 •Received UK FLTA Award “Excellence”

Snapshot

Sales (KRW 100 million) Operating Profits (KRW 100 million)

2014 6,576 2014 438

2015 7,063 2015 540

2016 6,836 2016 522

※ Including Overseas Subsidiaries Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Internal Product Overview Product Characteristics and Benefits With an accurate system designed based on ▶ Modern appearance

numerous on-site analysis cases, engine- ▶ Improved radiation performance and enhanced Combustion powered forklifts demonstrate outstanding frame stiffness power and remarkable performance. Offering ▶ Ergonomically-designed and comfortable excellent work efficiency, they help to upgrade Forklift driver’s seat on-site productivity one step further. ▶ Highest output and lowest fuel consumption As engine-powered forklifts are equipped with rate among similarly sized forklifts Engine-powered Forklift Doosan’s G2 Engine with reduced exhaust ▶ Luxurious suspension seat emissions and enhanced fuel efficiency and oil- cooled disk brakes, they boast a semi-permanent ▶ OSS (Operator Sensing System) secures safety Engine-powered forklifts are high- lifespan and provide uniform and controlled performance forklifts that provide performance. the best quality satisfaction at any For enhanced safety, a hydraulic automatic Line-up industrial site due to their strong power, locking system (ISO 3691) is applied. This ▶ Diesel Type 1.5–25 ton prevents the machine from operating when the remarkable performance, unique ▶ LP-Gas Type 1.5– 7 ton engine is suspended or the driver leaves the seat durability and superior fuel efficiency. for three seconds or longer.

Doosan Corporation 21 Electric Product Overview Product Characteristics and Benefits With a single charge, the AC (alternating ▶ High-efficiency AC motor and controller

current) system allows use of the machine ▶ Enhanced the time for continuous use of battery Forklift for a 15 percent longer time than a DC (direct ▶ Low-noise drive axle with remarkable durability current) system. As the AC motor does not have and control performance With a zero level of pollution and noise, a systemic brush, this reduces maintenance costs. The AC controller also features remarkable ▶ Comfortable driver’s seat and easy and high energy efficiency, remarkable quality and radiation performance. convenient control device performance, and inexpensive ▶ Oil-cooled brake system with high reliability The ACT (Active Control Technology) system maintenance cost, an AC electric forklift is applied for operation to allow the driver to ▶ Electric Assist Brake and Anti-Roll Down serves as highly efficient machinery for easily optimize vehicle performance through the all indoor and outdoor logistics sites. LCD screen. The comfortable deluxe seat and ergonomic seat design provide the driver with a Line-up convenient and excellent driving experience. ▶ Pneumatic Tire 4-Wheel 1.5-5.0 ton Through the LCD dashboard with self-diagnosis ▶ Pneumatic Tire 3-Wheel 1.3-2.0 ton function, the condition of the equipment can be seen at a glance for convenient checks and ▶ Cushion Tire 4-Wheel 1.5-3.2 Ton repairs.

For enhanced safety, a hydraulic automatic locking system (ISO 3691) is applied. This prevents the machine from operating when the driver leaves the seat for three seconds or longer.

22 Doosan Corporation Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Warehouse Product Overview Product Characteristics and Benefits Warehouse equipment is eco-friendly and has ▶ Placement of a small-sized wheel for low maintenance costs, due to the installation of comfortable steering and lever for combined Equipment the AC system that keeps current consumption motion

low. It can also move machines smoothly and ▶ Horn and Switch for shutting down power Warehouse equipment is necessary control them in a sophisticated manner with high source in emergency work efficiency. for logistics sites, and they exhibit ▶ Electric Assist brake / Anti-roll down As electric forklifts have a compact size and remarkable mobility in small spaces, ▶ Massive-capacity battery / Long Durability small radius of rotation, they have great mobility, ▶ Comfortable driver’s seat and large-sized rear due to their compact size and design even in narrow spaces. These forklifts can also view mirror with wide viewing angle that minimizes the radius of rotation. elevate machines to a maximum height of 8 meters to allow efficient work, even in vertically- ▶ Safe driving mode function designed warehouses.

Tow/transport vehicles provide various options suitable for each work condition such as changing the height and size of loop for towing. Line-up

These products have sufficient strength and ▶ Reach truck 1.3~2.5 ton durability to tow a cart with a heavy load in a ▶ Pallet truck: Hand pallet truck, stable way. Walkie pallet truck, Rider pallet truck

▶ Stacker: Walkie stacker, Platform stacker

▶ Tow Tractor: Personnel carrier / Burden carrier / Tugger

▶ Other: Order picker / Center control rider, Stock chaser

Doosan Corporation 23 Mottrol

As Korea’s first pioneer in the hydraulic industry, Doosan Corporation Mottrol has grown into the industry’s leader. Based on technology skills accumulated by producing hydraulic equipment for heavy construction equipment and hydraulic parts for the defense industry, the company is leaping forward as a global comprehensive part company in the ISB sector.

Hydraulic Components (Travel and swing device, Hydraulic valve, Hydraulic pump) / Hydraulic components for the defense industry

Summary

Vision Doosan Corporation Mottrol aims to grow as a leading global comprehensive components manufacturer through continued creative innovation based on the technology in hydraulic components and systems accumulated for over 30 years.

Aviation, Phase 3 Various Automobile, Become a “Global leading comprehensive technologies in and Other component company” by expanding business into a the ISB business Machinery multi-supplier in addition to the hydraulic sector

Phase 2 Shipbuilding, Become a “Global Specialist” by pioneering Motion Farming Control Machinery Parts adjacent industrial sectors based on hydraulic technology and securing system solutions

Phase 1 Technology for Construction Become a “Hydraulic Perfect Supplier” by developing design/production equipment and of hydraulic components core hydraulic components for construction machinery and securing advanced technology components

Industry Technology

History

1974 •Established Dongmyung Industries Inc. Certificate (hydraulic devices and systems) 2008 •Changed the company name to Doosan Mottrol 1977 •Started business in hydraulics, electric 2000 •Obtained Defense Quality System Certificate 2010 •Merged with Doosan Corporation forklifts, and defense systems (KDS 0050-9000 / Defense Agency for 2011 •Received the Defense Quality Management 1990 •Started production of hydraulic motors, Technology and Quality) Award swing motors and hydraulic pumps for 2006 •Traveling devices for excavators were 2012 •Received the Management Innovation excavators designated as “world-best products” Award for the Best Defense Company 1992 •Started production of hydraulic components (Ministry of Trade, Industry & Energy) •Established DMJC China Corporation for aircrafts 2007 •Changed the company name to 2013 •Acquired Productivity Management System 1996 •Obtained ISO 9001 Quality System Dongmyung Mottrol Certificate

Snapshot

Sales (KRW 100 million) Operating Profits (KRW 100 million)

2014 3,348 2014 (2)

2015 2,718 2015 10

2016 2,839 2016 113

※ Including Overseas Subsidiaries Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Hydraulic Travel Device Swing Device Components Product Characteristics and Benefits Product Characteristics and Benefits ▶ Powerful travel motor offers the best performance ▶ Swing device offers powerful movement and

▶ High-functional compact design applies new best performance Travel Device/ technologies ▶ High-functional compact design applies new technologies Swing Device ▶ Built-in automatic 2-speed function ▶ ▶ Built-in hydraulic brake Relief valve embedded with shockless function ▶ ▶ Built-in shockless function at start/stop Built-in mechanical brake valve The TM, GM, and DM series, 2-speed ▶ ▶ Built-in anti-cavitation function Anti-Cavitations function applied (Makeup Valve) travel motors with builtin gear reducers, ▶ ▶ Significantly reduces maintenance as the Reverse swing protection valve installed offer powerful output and torque, excellent advanced design minimizes the number of unit (reverse swing of the swing body is reduced to controllability, and high reliability. parts enable smoother stop) ▶ ▶ Meets diversified customer needs with high Significantly reduces maintenance as the advanced The T3X, TSM, and DSM Series incorporate reliability and excellent technology design minimizes the number of unit parts relief valves and anti-reverse valves, which ▶ Meets diversified customer needs with high offer soft start/stop operation and hence reliability and excellent technology reduce the driver’s fatigue.

Main control valve

Swing device

Hydraulic pump

Travel device

Doosan Corporation 27 Hydraulic Hydraulic Pump Hydraulic Valve Components Product Characteristics and Benefits Product Characteristics and Benefits ▶ ➊ DPA Series: ▶ ➍ Main Control Valve: The low-noise and high efficiency swash Operating the actuator such as travel motor, Hydraulic Pump/ plate pumps, which were developed with the swing motor, and cylinders of the excavator company’s independent technology in 2001, requires a main control valve that controls Hydraulic Valve offer a foundation for eco-friendly construction the volume and direction of hydraulic fluid for equipment design. operation from the hydraulic pump. Doosan Corporation Mottrol’s 2-Block Type With their eco-friendly design, hydraulic ▶ ➋ T5V Series: MCV meets diversified customer needs with pumps achieve low noise and high The T5V Series swash plate hydraulic pumps, excellent controllability and extendibility. efficiency to meet the various needs of developed for construction and industrial customers. equipment, provide users with high output density and efficiency to meet the various As for the hydraulic valve, complex oil needs of customers. paths have been designed in an optimal fashion to minimize pressure loss, and ▶ ➌ T5VP2D Series: hysteresis has been improved to allow The T5VP2 Series, which are duplex swash precision control. plate pumps, feature compact size and high efficiency, enabling small-sized construction equipment to achieve best installations and work performance.

1 2

3 4

28 Doosan Corporation Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Defense Ground Weapons Guided Weapons Doosan Corporation Mottrol has significantly Doosan Corporation Mottrol has fulfilled military contributed to improving the nation’s military needs for performance by developing hydraulic Applications & combat power through constant research and devices for defense systems, the core equipment development of core equipment for ground for future wars, in an independent way and Solutions weapons such as electro-hydraulic systems and applying such devices in system equipment. drive systems. ▶ Hydraulic device for missile launcher ▶ Self-propelled howitzers / Armored vehicles / ▶ Internal bullet actuating system for missiles Main Battle Tanks Hydraulic Components ▶ Fuel control unit for guided weapons (FMU, FPMU) for the Defense Industry

Doosan Corporation Mottrol plays a pivotal Naval Weapons Aerospace Weapons role in modernizing military equipment With our stabilization technology for ground Doosan Corporation Mottrol has contributed and reinforcing the nation’s military forces equipment, we develop short-distance tracking to Korea’s aerospace industry by developing as a developer and supplier of hydraulic radar servo systems and terminal antenna hydraulic pumps for helicopters based on devices, electro-hydraulic systems, and pedestal devices for surface ships. We also hydraulic technology and the company’s develop winch systems for sonar equipment experience and expertise. electric driving mechanisms, which are based on our electro-hydraulic systems. ▶ Hydraulic pump for helicopters applied to a wide range of weapon systems ▶ Winch System for Sonar Devices (UH60, KUH, LCH, LAH) related to mobility, firepower, defense, ▶ Satellite Antenna Operation/Stabilization Device ▶ Fuel control unit for aircraft engine (APU) naval vessels, and aviation. ▶ Terminal Antenna Pedestal for Surface Vessels

Ground Weapons

Hydraulic system control panel Ramming driver Servo Valve

Guided Weapons

Servo Motor Swivel Joint Main Pump

Naval Weapons

Pedestal Device Towing Winch

Aerospace Weapons

Hydraulic Main Pump

Doosan Corporation 29

Fuel Cell

With the fuel cell source technology, Doosan Fuel Cell provides a full product lineup of generation from utility to residence. The company provides a highly efficient and reliable energy solution based on clean technology that reduces carbon emissions and noise.

PAFC / PEMFC PAFC / PEMFC Summary

Vision Doosan Fuel Cell will grow into a global top company in the fuel cell industry by creating customer value with the best products and technology.

Global #1 Player in the Stationary Fuel Cell Market

Technology Customer Sustainable & Operation Value Growth Excellence Creating customer Achieving high Spurring value efficiency and low cost sustainable growth

History

1966 •Fuel cells used for Apollo space mission •Developed and commercialized 10kW 2014 •Merged with Doosan Corporation 1981 •Fuel cells used for space shuttle program fuel cell system •Developed and commercialized 5kW 2003 •Developed and commercialized fuel cell •Installed 400kW fuel cells fuel cell system MEA (4.8MW for GS Power) •Installed 400kW fuel cells 2006 •Commercialized 1kW fuel cell stack 2013 •Installed 400kW fuel cells (2.64MW for Korea South-East Power) •Commercialized 1kW fuel cell system (3.08MW for Korea South-East Power, 2015 •Fuel cell system 600W certified 2009 •Launched 400kW fuel cell 3.08Mw for SK, 800kW for Lotte World 2016 •Introduced 600W fuel cell system 보 (PureCell® Model 400) Tower &Lotte World Mall, 400kW for •Relocated PEMFC Plant (Hwaseong) 2011 •Developed and introduced 5kW and 10kW Busan International Finance Center) 2017 •Established PAFC production facilities in fuel cell stacks Korea (Iksan)보

Snapshot

Sales (KRW 100 million) Operating Profits (KRW 100 million)

2014 222 2014 (166)

2015 1,684 2015 54

2016 1,871 2016 (122)

※ Including Overseas Subsidiaries, Sales after merger in Oct. 2014 Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Fuel Cell Fuel cells are high efficient and eco-friendly generation systems that produce both electricity and heat in parallel through the electrochemical reaction of hydrogen and oxygen.

e- Electron Current Electricity

Hydro- gen Hydrogen + Oxygen - - e Electrolyte e O2 O2 Electrode Electrode H2 H2 Oxygen (Fuel + (Air Generation electrode) H electrode) N

(Electrochemical Reaction) H2O Hot water Hydrogen H2O N ion

Anode Cathode

Characteristics and Benefits of Fuel Cells

▶ Unlike previous type of generators, fuel cells exhibit high generation efficiency with low energy loss when producing electricity directly. With fuel cells, energy conversion process is unnecessary while fuel combustion does.

Previous Generator Fuel Cell

Nuclear power Transmission Turbine Generator tower Demander Fuel cell Demander

Thermal power

Chemical energy Heat energy Kinetic energy Electric energy Chemical energy Electric energy

▶ As a highly reliable clean energy source, it is suitable for distributed power. ▶ Minimum installation constraints with its optimum spatial efficiency design.

Availability (%) 90 Installation Area (Based on 1MW, m2) 39,600

19,800

25 15 179

Fuel cell Solar power Wind power Fuel cell Solar power Wind power

Doosan Corporation 33 PAFCs use liquid phosphoric acid as electrolytes, 440kW PAFC and are suitable for power generation for utilities and buildings. PAFC can achieve up to 90% total system efficiency (electricity + heat) with low service cost. PAFC PAFC is suitable for buildings and generation. Additional to the U.S. facility, Doosan Fuel Cell (Phosphoric Acid Fuel Cell) Installations in Korea has built a new production facility in Korea to ▶ GS Power Plant, Anyang (2011 / 4.8MW) reduce production cost and is aiming to penetrate ▶ Pyeongtaek Energy Service (2013 / 3.08MW) domestic and overseas market. ▶ Lotte World Tower (2013 / 0.8MW) ▶ Busan International Finance Center (BIFC) (2013 / 0.4MW) Product Benefits and Differentiation ▶ Korea South-East Power, Bundang Phase-II (2013 / 3.08MW) ▶ 10 year stack life which is the longest in the ▶ Korea South-East Power, Ansan (2014 / 2.64MW) industry ▶ Korea Western Power, Incheon (2016 / 5MW) ▶ Unrivaled expertise in the industry and the ▶ Korea South-East Power, Bundang Phase-III technology (2016 / 5.72MW) ▶ Grid independency enables continuous power ▶ Busan Green Energy (2017 / 30.8MW, even during power outages commissioning in progress) ▶ Pocheon IPP (2017 / 0.44MW, installation in ▶ Electricity output can be adjusted to actual progress) demand ▶ Baegot City, Ansan (2017 / 6.16MW, ▶ High output even within limited space commissioning in progress) ▶ Can be installed indoors, outdoors and even on ▶ Korea South-East Power, Bundang Phase-V rooftops (2017 / 5.72MW, installation in progress) ▶ ▶ Korea South-East Power, Bundang Phase-IV High output even within limited space (2017 / 16.72MW, installation in progress) ▶ Can be installed one above another ▶ Korea Midland Power, New Boryeong (2017 / 7.48MW, installation in progress)

34 Doosan Corporation Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

PEMFC (Polymer Electrolyte Membrane Fuel Cell) 600W / 1kW PEMFC is a fuel cell that operates on a method using polymer membrane as an electrolyte to transmit a Fuel cell system for residential use such as hydrogen ion. apartment buildings, townhouses and single PEMFC houses (Polymer Electrolyte As a high efficiency cogeneration device 5kW / 10kW simultaneously supplying electricity and heat, Membrane Fuel Cell) this fuel cell system for residential application Fuel cell system for buildings/industries such as reduces electricity and maintenance cost and public buildings, commercial buildings, plants, also facilitates certification that meets renewable and business sites energy mandates and requirements. As a high efficiency cogeneration device simultaneously supplying electricity and heat, this fuel cell system for buildings/industries is Product Benefits and Differentiation provides solution for the mandatory requirement for renewable energy at public buildings, ▶ Easy on/off function and real time on/off obtaining certification as a high efficient operation commercial building and for reducing greenhouse ▶ System generation can be adjusted to actual gas emissions at industrial facilities. demand

▶ Can be installed indoors and outdoors

▶ Small space requirement and short installation time compared to other energy sources

▶ Strong internal and external safety devices

Doosan Corporation 35

Doota DF

Korea’s flagship center for “Hallyu (Korean wave)” shopping Doota DF Store, a new hotspot that will make lifestyle in Dongdaemun all the more vibrant and dynamic!

Duty free shopping business Summary

Vision Doota duty free store, a landmark in Dongdaemun, is striving to grow into a leading duty free store in Korea.

To grow into Korea’s leading duty free store

Maximizing Optimal To secure the number of operation to competitiveness visitors from ensure customer in MD Korea and satisfaction abroad

Doota DF Store Makes its Debut

Korean duty free stores have made great strides in terms of scale and growth that they rank No. 1 in global market share,beating the US, UK, and China. Doota DF store opened by Doosan Corporation in May 2016 has been stepping up efforts to grow into a leading duty free store in the country in the near future. Doota DF store will continue growing to become Korea’s flagship duty free store with a sense of youth, by banking on Doosan Corporation’s experience and knowhow of operating Doota Mall for the past 18 years as well as the geographical location of Dongdaemun—a special fashion tourism district and tourism hotspot for foreigners. Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Doota DF Introduction of Doota DF Store Business Strategy Doota DF Store is located in Doosan Tower, the With the opening of duty free store in Dongdaemun, Doota DF Store landmark building of Dongdaemun, the second in May 2016, Doota DF BG has opened a beachhead most visited shopping district by foreigners for duty free store businesses by securing following Myeongdong. competitiveness in MD, targeting shoppers such as free individual tourists and group tourists, and Doota DF Store is housing not only conventional stabilizing operation early on while focusing efforts duty free brands but also distinctive brands that on the early stabilization of business including set it apart from other duty free stores, targeting online duty free store operation in the short term. foreign tourists who pursue their own unique fashion style and fashion-conscious consumers The BG is considering advancing into overseas in their 20s and 30s. markets and travel retail business, aiming to grow into a leading duty free store in Korea by realizing Doota DF Store consists of diverse and special continuing growth on a medium- to long-term basis. stores, which draw foreign shoppers’ attention: Korea’s first Midnight Shopping that continues operation deep into the night; more than 700 brands in fashion, watch and jewelry, beauty, and lifestyle offered through one-stop in a shopping space in trendy, elegant style; distinctive drugstore-type shops, character item shops, kids’ Zone, mart-type select shops, and many other distinctive shops characterized by different lifestyle zones.

Doosan Corporation 39

Glonet

Doosan Corporation Glonet develops and supplies bio- materials such as medical emulsifiers, functional foods, cosmetic materials, and plant growth regulators based on its technological capability. The company specializes in functional materials and continuously provides customers with differentiated value.

Bio-tech business (pharmaceutical/nutraceutical/cosmeceuticalingredients) Summary

Vision Doosan Corporation Glonet is growing into a leader of the bio industry by continuously contributing to the health and beauty of human beings based on its technological capability and professionalism, specializing in functional materials.

Bio Industry Leader that Contributes to Human Health and Beauty

Customer Superior Networking First Quality

Customer-focused Pursuing the best Open company management quality/service with constant communication

History

1960 •Established Korea’s first company research 1997 •Completed the construction of Iksan 2010 •Signed an agreement for the establishment institute Factory and established the first production of China JV (Kelun Pharmaceutical Co., Ltd.) 1974 •Launched research at Biotech base (Pharma & Nutra materials) 2013 •Completed the construction of China 2007 •Expanded the production base JV Factory (Sichuan Kelun-Doosan (Cosme & Nutra materials) Biotechnology Co., Ltd.)

Snapshot

Sales (KRW 100 million) Operating Profits (KRW 100 million)

2014 330 2014 (8)

2015 341 2015 10

2016 351 2016 10

※ Including Overseas Subsidiaries Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Bio Technology

Pharmaceutical Ingredient Nutraceutical Ingredient Cosmeceutical Ingredient

Representative Products Representative Products Representative Products

▶ Medical emulsifier (DS-PL95E) ▶ Phosphatidylserine (DS-PS series) ▶ Ceramide (DS-Ceramide) • High-purity phospholipid with over 95 percent • Distributed in the human brain at high •Yeast-extracted sphingolipids1) of egg yolk-extracted phospholipid1) concentration as a soy-extracted natural • Raw cosmetic materials to help with the • Core raw materials of fat emulsion2) for patients ingredient moisturizing and improvement of the who have undergone surgery and cannot orally • Improves the cognitive ability “skin barrier function” intake food • Other skin moisturization effects

Product Overview Product Overview Product Overview

▶ Remarkable emulsification ▶ Improves cognitive ability that may be affected ▶ Safe and natural ingredients • Emulsifying medical soybean oil in by aging • Securing safety based on the same structure phleboclysis as hydrophobic materials are • Helps to vitalize neurotransmitters by as natural ingredients in the human skin

homogeneously distributed in water protecting brain cells after it is absorbed in the ▶ Remarkable skin moisturizing efficacy ▶ No substitutes body • Maximizes moisturizing efficacy by reinforcing • Most traditional and safe materials based on ▶ Only ingredient recognized in both Korea and the skin barrier natural egg yolk extract the U.S. for improving brain function • Relieves atopic dermatitis and dry skin

▶ Registered as a world-class product by the • Recognized by the U.S. FDA as capable of diseases preventing dementia Ministry of Knowledge Economy 1) As a kind of lipid that exists in the skin, it is necessary for • Recognized marketability, potential grwoth, • Korea’s Ministry of Food and Drug Safety skin health and reinforces the skin barrier function. and product competitiveness as a global approved a separately recognized type for the market leading product first time ▶ Effectively moisturizes the skin 1) As part of a lipid, it exists in the bio-membrane and has • Moisturizes the skin and protects from damage emulsification power based on its chemical structure, which has a hydrophilic part and hydrophobic part. caused by ultraviolet rays 2) A kind of parenteral nutrition that is injected through the vein among fat emulsion and clinical nutrition

Doosan Corporation 43 Information & Communications

Doosan Corporation Information & Communications provides a wide range of IT services such as IT consulting, system implementation & operation support, IT Infrastructure operation, etc. to diverse customers including global Doosan affiliates, leveraging the massive network of local and international IT service partners. Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

History IT Consulting & System Implementation Information & Doosan Corporation Information & Communications 1975 •Established OCE presents IT diagnosis, strategic planning and 1984 •Established Doosan Computer Co., Ltd. implementation directions, etc. to ensure that Communications 1994 •Established Doosan Corporation customers secure business competitiveness and Information & Communications maximize values via IT. It also provides IT 2000 •Merged with Doosan Corporation Doosan Corporation Information & implementation and operation consulting services, •Adopted Six Sigma 2004 which are highly optimized for customers’ businesses. Communications provides global 2008 •Established Suji Data Center •Implemented Doosan Infracore ERP System Doosan affiliates with total IT 2009 System Operation •Implemented Doosan Portal System services, including IT consulting, 2010 2011 •Introduced IT Infrastructure Cloud Service Doosan Corporation Information & Communications system integration & implementation, •Establishes Doosan Information & provides integrated operation, maintenance IT infrastructure service, etc. Communications America (DSIA) and and improvement service for Doosan group’s Doosan Information & Communications common systems and company-specific legacy China (DSIC) systems. With global expansion of Doosan group’s businesses, Doosan Corporation Information & 2012 •Established Doosan Corporation ERP Communications is expanding services for overseas 2013 •Established Global Help Desk for Doosan affiliates and continues efforts to strengthen its Infracore price & quality competitiveness of IT services •Implemented corporate messenger services worldwide. 2014 •Established Doosan Information & Communications Europe (DSIE) IT Infrastructure Operation •Launched IT services Doosan Corporation Information & Communications 2015 •Established Doosan Information & provides data center, network, VoIP, disaster Communications Europe-Czech Branch recovery services, etc. for effective IT infrastructure (DSIE-CZ) management. The company has achieved synergies of integrated IT operation by running hub data •Launched ICT BI/BDA Platform Cloud centers in key regions and expanding IT cloud services services. •Integrated Skoda Power IT services into one 2016 •Implemented Doosan Infracore Gobal PDM System • Implemented integrated Doosan DF BG system 2017 •Implemented Doosan Group GHRIS

Doosan Corporation 4545 FM Doosan Corporation FM’s core business involves comprehensive building management services, such as the maintenance of facilities related to machinery, electricity, construction, disaster prevention, and control, as well as cleaning and security. Electro- Industrial Mottrol Fuel Cell Doota Glonet Information & FM Materials Vehicle DF Communications

Facility History Facility Management Business 1986 •Founded Donghyun Engineering • Facility management 1996 •Won an order for facility management of - Maintenance of buildings and extending Management Doosan leadership Institute (DLI) lifespan, Securing safety of buildings - Creating the optimal environment by operating 1998 •Won an order for facility management of cooling and heating facilities properly Doosan Corporation FM presents Doosan Tower • Security management 2000 •Won an order for facility management of customers with the best quality - Controlling each section and granting limited Jamsil Baseball Stadium service by utilizing skills and know- control for people entering buildings •Won an order for facility management how for facility management 2009 - Removing potential risks by regular and of Sin-bundang Railway Comprehensive irregular patrols based on the security system business, scientific analysis, and Control Center • Cleaning management reasonable systems for various 2012 •Merged with Doosan Corporation - Improving work productivity of resident facilities (work facilities, factory 2013 •Received plaque of application in the Best companies by providing a pleasant and facilities, distribution facilities, Awards for Demand Control by KEPCO hygienic environment transportation facilities, studios, 2014 •Won an order for facility management of Doosan Infracore Incheon Factory R&D research facilities, sports facilities Center and cultural facilities). 2016 •Won an order for facility management of Yongin EverLine

Doosan Corporation 47 Global Network

Information & Communication Europe Electro-Materials US Czech, Plze U.S.A. San Jose ň Rushlift Ltd. Doosan Fuel Cell America UK, Yorkshire U.S.A. South Windsor Industrial Vehicle DIVUK UK, Northampton

Information & Industrial Vehicle (DIVAC) Communication DSIE U.S.A. Georgia UK, Crawley Information & Industrial Vehicle France Communication DSIA France, Elancourt U.S.A. Atlanta Industrial Vehicle DIVEU Belgium, Sint-Niklaas

Electro-Materials Circuit Foil Luxembourg Luxembourg, Wiltz

Industrial Vehicle Germany Germany, Essen

Industrial Vehicle Italy Italy, Lissone

Industrial Vehicle DLE Germany, Bersteland

Doosan Corporation Iksan Doosan Electro-Materials Industrial Vehicle Doosan Tower, 275, 627, Seodong-ro, Iksan-si, America LLC www.doosan-iv.com Jangchungdan-ro, Jung-gu, Seoul Jeollabuk-do, Korea 101 Metro Drive, Suite 345, Tel 82 2 3398 0114 Tel 82 63 830 8320 San Jose, CA, 95110, USA 468 Injung-ro, Dong-gu, Incheon-si www.doosan.com Tel 1 408 642 5562 Tel 82 32 211 5000 Doosan Electro-Materials (Changshu) Co., Ltd Doosan Electro-Materials Doosan Industrial Vehicle America Corp. Electro-Materials No.168 Hualian Road, Singapore pte Ltd 2475 Mill Center Parkway Suite 400, www.doosanelectronics.com Tonggang Industrial Park, 21 Woodlands Close #04-29 (Unit C), Buford, GA 30518 USA Changshu Economic Primz Bizhub Singapore 737854 Tel 1 678 745 2200 15, Jong-ro 33-gil, Jongno-gu, Seoul Development Zone, Changshu, Tel 65 6397 5262 www.doosanlift.com Tel 82 2 3670 8820 Jiangsu, China Tel 86 512 8235 9980 Doosan Electro-Materials Hanoi Doosan Industrial Vehicle UK Ltd. Suji Keangnam Hanoi Landmark Tower Unit 12, Kilvey Road, Brackmills Industrial 10, Suji-ro 112beon-gil, Circuit Foil Luxembourg Sàrl No.1415, 14F, Plot E6, Cau Giay Estate, Northampton NN4 7BQ UK Suji-gu, Yongin-si, Zone Industrielle C Salzbaach Urban Area, Me Tri Commune, Tel 44 1604 825600 Gyeonggi-do, Korea L-9559 Wiltz, G.D. of Luxembourg Tu Liem District, Hanoi Tel 82 31 260 6214 Tel 352 95 75 51 1 Tel 84 4 3837 8491 Doosan Industrial Vehicle Europe N.V. Europark Noord 36A 9100 Sint-Niklaas Doosan Corp. Electro-Material Belgium Jeungpyeong Shanghai Tokyo office Tel 32 3 760 0987 40, Doosan-ro, Jeungpyeong-eup, Room 2403 Nison Plaza, 205 Suzhou Avenue West, Suzhou Industrial Park, 2403-A, Mita Kokusai Bldg. 1-4-28, Jeungpyeong-gun, Suzhou 215021, Jiangsu Province, China Mita, Minatoku, Tokyo, 108-0073, Doosan Industrial Vehicle Europe Chungcheongbuk-do, Korea Tel 86 512 8789 7923 JAPAN (Germany) Tel 82 43 820 8220 Tel 81 3 3452 6261 Rolandstraße 5, 45128 Essen, Germany Hongkong / Shenzhen Tel 49 201 507611-28 Gimcheon Room 704, Blk A, Intelig Technology Doosan Corporation Taiwan 83-16, Gongdan 1-gil, Digital Park, No.8 Hongmian Road, 11439 5F.-1, No.102, Zhouzi St., Doosan Industrial Vehicle Europe (France) Gimcheon-si, Gyeongsangbuk-do, Futian Free Trade Zone, Shenzhen, Neihu Dist., Taipei City, Taiwan ZAC La Clef St. Pierre - Buroplus 21a av. Korea China Tel 886 2 2658 0018 Jean d’Alembert - 78990 Elancourt, France Tel 82 54 420 8111 Tel 86 755 8278 8231 Tel 33 1 3016 2151

48 Doosan Corporation Electro-Materials Industrial Vehicle Mottrol Fuel Cell Information & Communications

Information & Communication DSIC Korea, Seoul China, Beijing

Mottrol DMJC China, Jiangin Electro-Materials Japan Branch Japan, Tokyo Electro-Materials Shenzhen Industrial Vehicle DIVC China, Shenzhen China, Yantai Electro-Materials Hong Kong China, Hong Kong

Electro-Materials Shanghai China, Shanghai

Electro-Materials Chengshu Electro-Materials China, Changshu Vietnam Branch Electro-Materials Taipei Branch Vietnam, Hanoi Taiwan, Taipei Electro-Materials Singapore Singapore

Doosan Industrial Vehicle Europe (Italy) Doosan Mottrol Jiangyin Co., Ltd. [DMJC] Glonet Doosan Information & Communications 43, Via Dante Alighieri, Lissone, #1209 Binjiang west road, Shizhuang China Co., Ltd. [DSIC] MB 20851, Italy town, Jiangyin city, Wuxi city, Jiangsu Suji 19th fl., Tower B, Gateway No.18 Tel 39 39 245 7140 Province, China 214446 10, Suji-ro 112beon-gil, Suji-gu, Xiaguangli, North Road East Third Ring, Tel 86 510 8603 5260 Yongin-si, Gyeonggi-do, Korea Chaoyang District Beijing Doosan Logistics Europe Tel 82 31 270 1922 China, 100027 GMBH Fuel Cell Tel 44 141 886 4141 Am Stieg 17 D-15910 Bersteland www.doosanfuelcell.com Gwang-gyo – OT Freiwalde Germany Gwang-gyo Techno Valley, Doosan Information & Communications Tel 49 35 474 2080 15, Jong-ro 33-gil, Jongno-gu, Seoul next-generation Fusion Technology Europe [DSIE] Tel 82 2 3670 8392 Bldg., B(5F, Yiuidong), Gwanggyo-ro, Doosan House, Crawley Business Rushlift Ltd. Quarter Manor Royal, Crawley West Iksan Yeongtong-gu, Gyeonggi-do Ravensthorpe Industrial Estate, Tel 82 31 888 9822 Sussex, RH10 9AD, United Kingdom Ravensthorpe, Dewsbury, 627 Seodong-ro, Iksan-si, Jeollabuk-do, Tel 44 141 886 4141 West Yorkshire WF13 3LN, Korea Tel 82 63 722 2001 Iksan United Kingdom 11, Seogam-ro 11-gil, Iksan-si, Branch [DSIE_CZ] Tel 44 1924 497805 Hwaseong Jeollabuk-do, Korea 75, Jeyakdanji-ro, Hyangnam-eup, Tel 82 63 830 8900 Doosan Information & Communications Doosan Industrial Vehicle Hwaseong-si, Gyeonggi-do, Korea Europe Yantai Co., Ltd. Tel 82 31 781 0475 Tylova 1/57 301 00 Plze , Fuzhou Road 28, Eco&Tech, Information & Communications Czech Republic ň Development Area, Yantai Shandong, Doosan Fuel Cell America, Inc. www.doosanic.com Tel 42 378 185 000 China 195 Governor’s Hwy South Windsor CT Tel 86 535 397 7322 06074, USA Yeonkang Bldg., 15, Jong-ro 33-gil, Tel 1 860 727 2200 Jongno-gu, Seoul FM Tel 82 2 3670 8500 www.dfms.co.kr Mottrol Doota DF www.doosanmottrol.com www.dootadutyfree.com Doosan Information & Communications Doosan Bldg., 726, Eonju-ro, America [DSIA] Gangnam-gu, Seoul, Korea 171 Wanam-ro, Seongsan-gu, Doosan Tower, 275, 3901 Morrison Ave Tel 82 2 2007 6200 Changwon-si, Gyeongsangnam-do Jangchungdan-ro, Jung-gu, Seoul Bismarck, ND 58504 USA Tel 82 55 269 5114 Tel 82 2 3398 0114 Tel 1 770 353 3800

Doosan Corporation 49 www.doosan.com Doosan Tower, 275 Jangchungdan-Ro, Jung-gu, Seoul, Korea Tel 82 2 3398 0114