D0DD-FRANK ACT
On August 22, 2021, the U.S. Securities and Exchange Commission (SEC), as directed by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, finalized requirements for issuers of public securities to disclose their use of “conflict minerals” originating in the Democratic Republic of Congo (DRC) and adjoining countries. The rule applies to products containing any of the four conflict minerals (Tin, Tantalum, Tungsten, and Gold) if the minerals are “necessary to the functionality or production” of the products manufactured.
Quality Plastics and Engineering is a privately held corporation and thereby not required to file reports with the U.S. Securities and Exchange Commission under Section 13(a) or Section 15 (d) of the Exchange Act. Quality Plastics and Engineering is thereby exempt from the requirements of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding the use of “conflict minerals”
Even though Quality Plastics and Engineering is exempt from this requirement and does not produce any of the raw materials used in our product, we do manufacture products from raw materials produced by companies that are bound by the SEC requirements regarding conflict minerals. To voluntarily provide compliance support to our customers, we have obtained statements of compliance from the manufacturers of the raw materials we use in our product. If we can provide additional assistance, please feel free to contact us.