The 7th meeting of the 14th Board of Directors of China Steel Corporation was held in June 15th 2011. The meeting resolved an investment of TWD 500 million for establishing TaiAN Green Energy and BioTech Venture Capital Co Ltd (a temporary name) with total target capital of TWD 1,500 million.

The lasting period of the VC company will be seven years and can be extended to ten years upon the consent of the majority of shareholders. TaiAn Technologies Corporation (one of CSC’s subsidiaries) is entrusted to manage the above-said VC company. Areas of investment include green energy and biotechnology.

Besides CSC, it is planned to invite National Development Fund of Executive Yuan, and other domestic important enterprises interested in biotech and green energy to join this project to enhance the development of the industries of environmental protection, green energy and biotech.