Fakoor Sanat Tehran Engineering Company (FST)

<p class="rtejustify" dir="ltr"><span style="font-size:11pt"><span style="font-family:&quot;Times New Roman&quot;,serif">For the last three decades, as a fully private Iranian company, Fakoor Sanat Tehran Engineering Company (FST Co.) has been active in development and completion of the iron and steel value chain in Iran. It has contributed positively to both upstream and downstream sectors through targeted activities<span dir="RTL" lang="FA" style="font-family:&quot;B Nazanin&quot;">.</span></span></span></p>

<p class="rtejustify" dir="ltr"><span style="font-size:11pt"><span style="font-family:&quot;Times New Roman&quot;,serif">The company has transferred technical knowhow and localized modern world-class knowledge to the country, thereby playing an important role in achieving the national 2025 goal of 55 million tons of crude steel production per year.</span></span></p>

<p class="rtejustify" dir="ltr"><span style="font-size:11pt"><span style="font-family:&quot;Times New Roman&quot;,serif">From the starting year of 1992 till now, the company has consistently operated on the basis of: firm belief on development centered on continuous learning and research, employing modern management knowledge, and using the best available specialized tools<span dir="RTL" lang="FA" style="font-family:&quot;B Nazanin&quot;">.</span></span></span></p>

<p class="rtejustify" dir="ltr"><span style="font-size:11.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif">As a result of this targeted activities, the company has acquired valuable experiences and respected reputations, and has consistently won the top position in the competition arena of its fields of industrial operation.</span></span></p>