Form SD Hyliion Holdings Corp.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
HYLIION HOLDINGS CORP.
(Exact name of the registrant as specified in its charter)
| Delaware | 001-38823 | 82-2538002 | ||
| (State
or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS
Employer Identification Number) |
1202 BMC Drive, Suite 100 Cedar Park, TX 78613
(Address of principal executive offices) (Zip Code)
Jose Oxholm
Registrant’s Telephone Number, including area code (833) 495-4466
(Name and telephone number, including area code, of the person to contact in connection with this report.)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
☒ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2021
SECTION 1 – CONFLICT MINERALS DISCLOSURE
Item 1.01 Conflict Minerals Disclosure and Report
Conflict Minerals Disclosure
This Specialized Disclosure Report on Form SD and the Conflict Minerals Report, filed as Exhibit 1.01 hereto, are publicly available at www.hyliion.com as well as the SEC’s EDGAR database at www.sec.gov.
Item 1.02 Exhibit
The Conflict Minerals Report required by Item 1.01 is filed as Exhibit 1.01 to this Form SD.
SECTION 2 – EXHIBITS
Item 2.01 Exhibits
| Exhibit 1.01 | – | Conflict Minerals Report as required by Items 1.01 and 1.02 of this Form SD. |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused the report to be signed on its behalf by the undersigned hereunto duly authorized.
| HYLIION HOLDINGS CORP. | ||
| By: | /s/ Thomas Healy | |
Date: May 27, 2022 |
Thomas Healy | |
| Chief Executive Officer | ||
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Exhibit 1.01
Hyliion Holdings Corp.
Conflict Minerals Report
for the Year Ended December 31, 2021
Introduction
Hyliion Holdings Corp. (also referred to as “the Company,” “we,” “our,” and “us”) is a Delaware corporation.
This Conflict Minerals Report (“CMR”) for the year ended December 31, 2021, is presented to comply with Rule 13p-1 under the Securities Exchange Act of 1934 (the “Rule”). The Rule imposes certain reporting obligations on U.S. Securities and Exchange Commission (“SEC”) issuers whose manufactured products contain certain minerals which are necessary to the functionality or production of their products. These minerals are cassiterite, columbite-tantalite (coltan), gold, wolframite, and their derivatives, which are limited to tin, tantalum and tungsten (“3TG” or “Conflict Minerals”). The Rule focuses on 3TG emanating from the Democratic Republic of Congo (“DRC”) region and nine adjoining countries (together, the “Covered Countries”). If an issuer has reason to believe that any of the Conflict Minerals in their supply chain may have originated in the Covered Countries, or if they are unable to determine the country of origin of those Conflict Minerals, then the issuer must exercise due diligence on the Conflict Minerals’ source and chain of custody and submit a CMR to the SEC that includes a description of those due diligence measures.
This CMR relates to the process undertaken for Hyliion products that were manufactured, or contracted to be manufactured, during calendar year 2021 and that contain Conflict Minerals.
Executive Summary
We performed a Reasonable Country of Origin Inquiry (“RCOI”) on suppliers we believe provided materials or components containing 3TGs necessary to the manufacturing of our products during calendar year 2021. Our suppliers identified 340 valid smelters and refineries (“Smelters”). Of these 340 Smelters, we identified 46 as sourcing (or there was a reason to believe they may be sourcing) from the Covered Countries. Our due diligence review indicated that 35 of these Smelters have been audited and recognized as conformant to the Responsible Minerals Assurance Process (“RMAP”). The remaining 11 Smelters potentially sourcing from the Covered Countries were subject to our risk mitigation process which is in accordance with the OECD Due Diligence Guidance for Responsible Supply Chain of Minerals from Conflict-Affected and High-Risk Areas (the “OECD Guidance”).
Company Management Systems
Hyliion established strong management systems based on Step 1 of the OECD Guidance.
| ○ | Step 1A - Adopt, and clearly communicate to suppliers and the public, a company policy for the supply chain of minerals originating from conflict-affected and high-risk areas. We adopted a conflict minerals policy that is publicly available at the link provided below. This policy is communicated directly to our suppliers as part of the RCOI process. |
https://s25.q4cdn.com/501989927/files/doc_downloads/Governance/2021/05/Hyliion-Conflict-Minerals-Policy.pdf
| ○ | Step 1B - Structure internal management to support supply chain due diligence. We maintain a cross-functional internal team to support our supply chain due diligence efforts. This team reports its findings to a senior member of the supply chain management organization. | |
| ○ | Step 1C - Establish a system of transparency, information collection and control over the supply chain. We implemented a detailed process to collect required supplier and smelter RCOI and due diligence data. Full details on the supply chain data gathering are included in the RCOI and due diligence sections of this Report. | |
| ○ | Step 1D - Strengthen company engagement with suppliers. We engage directly with suppliers during the RCOI process. Additionally, our supplier terms and conditions require suppliers to source materials from smelters that, if sourcing from conflict-affected or high-risk areas, are either conformant with the RMI’s Responsible Minerals Assurance Process assessment protocols or are working towards conformance. We have also implemented a plan to improve the quantity and quality of supplier and smelter responses year-over-year. | |
| ○ | Step 1E - Establish a company level grievance mechanism. EthicsPoint, a toll-free help line at 1-844-989-2949, and hyliion.ethicspoint.com, a dedicated webpage, are available to those who wish to ask questions about Hyliion’s policies, seek guidance on specific situations or to anonymously report violations. |
Reasonable Country of Origin Inquiry (RCOI)
We designed our RCOI process in accordance with Step 2A and 2B of the OECD Guidance. Our RCOI process involved two stages:
| ○ | Stage 1 - Supplier RCOI (Step 2A of the OECD Guidance) | |
| ○ | Stage 2 - Smelter RCOI (Step 2B of the OECD Guidance) |
For the 2021 reporting period, Hyliion’s RCOI process was executed by Claigan Environmental Inc. (“Claigan”).
Supplier RCOI
We designed our supplier RCOI process to identify the smelters in our supply chain. Our supplier RCOI process for the 2021 reporting period included:
| ○ | developing a list of suppliers providing 3TG containing components; | |
| ○ | contacting each supplier and requesting Conflict Minerals data using the industry-standard Conflict Minerals Reporting Template (“CMRT”) | |
| ○ | reviewing supplier responses for accuracy and completeness; | |
| ○ | aggregating supplier-provided smelters into a single unique list of smelters meeting the definition of a smelter under one of three industry-recognized audit protocols; and | |
| ○ | reviewing the final smelter list (and compared it to industry peers) to determine if we reasonably identified all the smelters in our supply chain. |
Through the supplier RCOI process we identified 340 Smelters in our supply chain.
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Smelter RCOI
Due to the overlap between smelter RCOI and smelter due diligence, the smelter RCOI process is summarized in the due diligence section of this report.
Due Diligence
Hyliion’s Due Diligence Process was designed in accordance with the applicable sections of Steps 2, 3, and 4 of the OECD Guidance.
For the 2021 reporting period, Hyliion’s smelter RCOI and Due Diligence process were executed by Claigan.
Smelter RCOI and Due Diligence
Hyliion’s smelter RCOI and due diligence processes were designed to meet the criteria of Step 2 of the OECD Guidance.
We engaged with each smelter identified in our supply chain to determine whether or not they sourced from the Covered Countries. For smelters that confirmed, either directly or through industry associations, that they did not source from the Covered Countries but who were not recognized as conformant to the RMAP, we reviewed publicly available information to determine whether there was any contrary evidence that contradicted the smelter’s declaration. In doing so we reviewed sources such as NGO publications, including the Enough Project, Global Witness, Southern Africa Resource Watch and Radio Okapi. We also consulted the most recent United Nations Group of Experts reports on the DRC and performed public internet searches.
If smelters did not respond to our inquiry, we reviewed the same publicly available sources to determine whether there was reason to believe the smelter may have sourced from the Covered Countries during the reporting period.
We categorize smelters that are sourcing (or that we have reason to believe may be sourcing) from the Covered Countries and not currently RMAP Conformant as high-risk. We conduct the risk mitigation procedures described below on all high-risk smelters.
Our suppliers identified 340 unique smelters, of which 46 smelters source, or there is a reason to believe they may source, from the Covered Countries. We determined that 35 of these 46 smelters have been audited and recognized as conformant to the RMAP. We conducted risk mitigation on the remaining 11 smelters.
Risk Mitigation
Hyliion conducted risk mitigation on 11 Smelters that were not recognized as conformant to the RMAP and were sourcing (or there is a reason to believe they may be sourcing) from the DRC or surrounding countries. Hyliion’s risk mitigation was designed in accordance with Step 3B of the OECD Guidance and was reported to the Sr. Vice President of Sales and Supply Chain in accordance with Step 3A of the OECD Guidance.
As part of our risk mitigation process, we performed additional due diligence to determine if there was any reason to believe the smelters directly or indirectly financed or benefited armed groups in the DRC or adjoining countries. We also attempted to verify with the relevant 15 suppliers whether 3TGs from the smelter in question were actually in Hyliion’s supply chain during the 2021 reporting period.
Hyliion will continue work with the 15 suppliers to determine if these refineries are legitimately in the supply chain of the parts and/or products Hyliion manufactures or contracts to manufacture and, if so, to take steps to remove them from our supply chain.
We did not require the removal of smelters if there was no reason to believe they were directly or indirectly financing or benefitting armed groups in the Covered Countries. These smelters are scheduled to be revisited in the 2022 reporting period.
Improvement Plan
Hyliion is committed to continuous improvement in our due diligence process to further mitigate the risk that the 3TG materials in our products could directly or indirectly benefit or finance armed groups in the Covered Countries. As part of our efforts to mitigate this risk, new or renewed supplier contracts require suppliers to provide information that will allow us to evaluate their conflict mineral status. We will continuously improve our efforts to educate our suppliers in order to increase supplier response rates and improve the timeliness, accuracy and comprehensiveness of the supplier survey responses we receive. Additionally, we will enhance our efforts to encourage our suppliers to source from RMAP conformant smelters when sourcing material from the Covered Countries.
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Smelters and Refineries
| 3TG Metal | Standard Smelter Name | Smelter ID | ||
| Gold | 8853 S.p.A. | CID002763 | ||
| Gold | Abington Reldan Metals, LLC | CID002708 | ||
| Gold | Advanced Chemical Company | CID000015 | ||
| Gold | African Gold Refinery | CID003185 | ||
| Gold | Aida Chemical Industries Co., Ltd. | CID000019 | ||
| Gold | Al Etihad Gold Refinery DMCC | CID002560 | ||
| Gold | Alexy Metals | CID003500 | ||
| Gold | Allgemeine Gold-und Silberscheideanstalt A.G. | CID000035 | ||
| Gold | Almalyk Mining and Metallurgical Complex (AMMC) | CID000041 | ||
| Gold | AngloGold Ashanti Córrego do Sítio Mineração | CID000058 | ||
| Gold | Argor-Heraeus S.A. | CID000077 | ||
| Gold | Asahi Pretec Corp. | CID000082 | ||
| Gold | Asahi Refining Canada Ltd. | CID000924 | ||
| Gold | Asahi Refining USA Inc. | CID000920 | ||
| Gold | Asaka Riken Co., Ltd. | CID000090 | ||
| Gold | Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | CID000103 | ||
| Gold | AU Traders and Refiners | CID002850 | ||
| Gold | Augmont Enterprises Private Limited | CID003461 | ||
| Gold | Aurubis AG | CID000113 | ||
| Gold | Bangalore Refinery | CID002863 | ||
| Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | CID000128 | ||
| Gold | Boliden AB | CID000157 | ||
| Gold | C. Hafner GmbH + Co. KG | CID000176 | ||
| Gold | C.I Metales Procesados Industriales SAS | CID003421 | ||
| Gold | Caridad | CID000180 | ||
| Gold | CCR Refinery - Glencore Canada Corporation | CID000185 | ||
| Gold | Cendres + Métaux S.A. | CID000189 | ||
| Gold | CGR Metalloys Pvt Ltd. | CID003382 | ||
| Gold | Chimet S.p.A. | CID000233 | ||
| Gold | Chugai Mining | CID000264 | ||
| Gold | Daye Non-Ferrous Metals Mining Ltd. | CID000343 | ||
| Gold | Degussa Sonne / Mond Goldhandel GmbH | CID002867 | ||
| Gold | Dijllah Gold Refinery FZC | CID003348 | ||
| Gold | DODUCO Contacts and Refining GmbH | CID000362 | ||
| Gold | Dowa | CID000401 | ||
| Gold | DSC (Do Sung Corporation) | CID000359 | ||
| Gold | Eco-System Recycling Co., Ltd. East Plant | CID000425 | ||
| Gold | Eco-System Recycling Co., Ltd. North Plant | CID003424 | ||
| Gold | Eco-System Recycling Co., Ltd. West Plant | CID003425 | ||
| Gold | Emerald Jewel Industry India Limited (Unit 1) | CID003487 | ||
| Gold | Emerald Jewel Industry India Limited (Unit 2) | CID003488 | ||
| Gold | Emerald Jewel Industry India Limited (Unit 3) | CID003489 | ||
| Gold | Emerald Jewel Industry India Limited (Unit 4) | CID003490 | ||
| Gold | Emirates Gold DMCC | CID002561 | ||
| Gold | Fidelity Printers and Refiners Ltd. | CID002515 | ||
| Gold | Fujairah Gold FZC | CID002584 | ||
| Gold | GCC Gujrat Gold Centre Pvt. Ltd. | CID002852 | ||
| Gold | Geib Refining Corporation | CID002459 |
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| Gold | Gold Coast Refinery | CID003186 | ||
| Gold | Gold Refinery of Zijin Mining Group Co., Ltd. | CID002243 | ||
| Gold | Great Wall Precious Metals Co., Ltd. of CBPM | CID001909 | ||
| Gold | Guangdong Jinding Gold Limited | CID002312 | ||
| Gold | Guoda Safina High-Tech Environmental Refinery Co., Ltd. | CID000651 | ||
| Gold | Hangzhou Fuchunjiang Smelting Co., Ltd. | CID000671 | ||
| Gold | Heimerle + Meule GmbH | CID000694 | ||
| Gold | Henan Yuguang Gold & Lead Co., Ltd. | CID002519 | ||
| Gold | Heraeus Germany GmbH Co. KG | CID000711 | ||
| Gold | Heraeus Metals Hong Kong Ltd. | CID000707 | ||
| Gold | Hunan Chenzhou Mining Co., Ltd. | CID000767 | ||
| Gold | Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd. | CID000773 | ||
| Gold | HwaSeong CJ Co., Ltd. | CID000778 | ||
| Gold | Industrial Refining Company | CID002587 | ||
| Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. | CID000801 | ||
| Gold | International Precious Metal Refiners | CID002562 | ||
| Gold | Ishifuku Metal Industry Co., Ltd. | CID000807 | ||
| Gold | Istanbul Gold Refinery | CID000814 | ||
| Gold | Italpreziosi | CID002765 | ||
| Gold | JALAN & Company | CID002893 | ||
| Gold | Japan Mint | CID000823 | ||
| Gold | Jiangxi Copper Co., Ltd. | CID000855 | ||
| Gold | JSC Ekaterinburg Non-Ferrous Metal Processing Plant | CID000927 | ||
| Gold | JSC Novosibirsk Refinery | CID000493 | ||
| Gold | JSC Uralelectromed | CID000929 | ||
| Gold | JX Nippon Mining & Metals Co., Ltd. | CID000937 | ||
| Gold | K.A. Rasmussen | CID003497 | ||
| Gold | Kaloti Precious Metals | CID002563 | ||
| Gold | Kazakhmys Smelting LLC | CID000956 | ||
| Gold | Kazzinc | CID000957 | ||
| Gold | Kennecott Utah Copper LLC | CID000969 | ||
| Gold | KGHM Polska Miedź Spółka Akcyjna | CID002511 | ||
| Gold | Kojima Chemicals Co., Ltd. | CID000981 | ||
| Gold | Korea Zinc Co., Ltd. | CID002605 | ||
| Gold | Kundan Care Products Ltd. | CID003463 | ||
| Gold | Kyrgyzaltyn JSC | CID001029 | ||
| Gold | Kyshtym Copper-Electrolytic Plant ZAO | CID002865 | ||
| Gold | L’azurde Company For Jewelry | CID001032 | ||
| Gold | L’Orfebre S.A. | CID002762 | ||
| Gold | Lingbao Gold Co., Ltd. | CID001056 | ||
| Gold | Lingbao Jinyuan Tonghui Refinery Co., Ltd. | CID001058 | ||
| Gold | LS-NIKKO Copper Inc. | CID001078 | ||
| Gold | LT Metal Ltd. | CID000689 | ||
| Gold | Luoyang Zijin Yinhui Gold Refinery Co., Ltd. | CID001093 | ||
| Gold | Marsam Metals | CID002606 | ||
| Gold | Materion | CID001113 | ||
| Gold | Matsuda Sangyo Co., Ltd. | CID001119 | ||
| Gold | MD Overseas | CID003548 | ||
| Gold | Metal Concentrators SA (Pty) Ltd. | CID003575 |
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| Gold | Metallix Refining Inc. | CID003557 | ||
| Gold | Metalor Technologies (Hong Kong) Ltd. | CID001149 | ||
| Gold | Metalor Technologies (Singapore) Pte., Ltd. | CID001152 | ||
| Gold | Metalor Technologies (Suzhou) Ltd. | CID001147 | ||
| Gold | Metalor Technologies S.A. | CID001153 | ||
| Gold | Metalor USA Refining Corporation | CID001157 | ||
| Gold | Metalúrgica Met-Mex Peñoles S.A. De C.V. | CID001161 | ||
| Gold | Mitsubishi Materials Corporation | CID001188 | ||
| Gold | Mitsui Mining and Smelting Co., Ltd. | CID001193 | ||
| Gold | MMTC-PAMP India Pvt., Ltd. | CID002509 | ||
| Gold | Modeltech Sdn Bhd | CID002857 | ||
| Gold | Morris and Watson | CID002282 | ||
| Gold | Moscow Special Alloys Processing Plant | CID001204 | ||
| Gold | Nadir Metal Rafineri San. Ve Tic. A.Ş. | CID001220 | ||
| Gold | Navoi Mining and Metallurgical Combinat | CID001236 | ||
| Gold | NH Recytech Company | CID003189 | ||
| Gold | Nihon Material Co., Ltd. | CID001259 | ||
| Gold | Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH | CID002779 | ||
| Gold | Ohura Precious Metal Industry Co., Ltd. | CID001325 | ||
| Gold | OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastsvetmet) | CID001326 | ||
| Gold | PAMP S.A. | CID001352 | ||
| Gold | Pease & Curren | CID002872 | ||
| Gold | Penglai Penggang Gold Industry Co., Ltd. | CID001362 | ||
| Gold | Planta Recuperadora de Metales SpA | CID002919 | ||
| Gold | Prioksky Plant of Non-Ferrous Metals | CID001386 | ||
| Gold | PT Aneka Tambang (Persero) Tbk | CID001397 | ||
| Gold | PX Précinox S.A. | CID001498 | ||
| Gold | QG Refining, LLC | CID003324 | ||
| Gold | Rand Refinery (Pty) Ltd. | CID001512 | ||
| Gold | Refinery of Seemine Gold Co., Ltd. | CID000522 | ||
| Gold | REMONDIS PMR B.V. | CID002582 | ||
| Gold | Royal Canadian Mint | CID001534 | ||
| Gold | SAAMP | CID002761 | ||
| Gold | Sabin Metal Corp. | CID001546 | ||
| Gold | Safimet S.p.A | CID002973 | ||
| Gold | SAFINA A.S. | CID002290 | ||
| Gold | Sai Refinery | CID002853 | ||
| Gold | Samduck Precious Metals | CID001555 | ||
| Gold | SAMWON Metals Corp. | CID001562 | ||
| Gold | Sancus ZFS (L’Orfebre, SA) | CID003529 | ||
| Gold | SAXONIA Edelmetalle GmbH | CID002777 | ||
| Gold | Sellem Industries Ltd. | CID003540 | ||
| Gold | SEMPSA Joyería Platería S.A. | CID001585 | ||
| Gold | Shandong Gold Smelting Co., Ltd. | CID001916 | ||
| Gold | Shandong Humon Smelting Co., Ltd. | CID002525 | ||
| Gold | Shandong Tiancheng Biological Gold Industrial Co., Ltd. | CID001619 | ||
| Gold | Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | CID001622 | ||
| Gold | Shenzhen Zhonghenglong Real Industry Co., Ltd. | CID002527 | ||
| Gold | Shirpur Gold Refinery Ltd. | CID002588 |
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| Gold | Sichuan Tianze Precious Metals Co., Ltd. | CID001736 | ||
| Gold | Singway Technology Co., Ltd. | CID002516 | ||
| Gold | SOE Shyolkovsky Factory of Secondary Precious Metals | CID001756 | ||
| Gold | Solar Applied Materials Technology Corp. | CID001761 | ||
| Gold | Sovereign Metals | CID003383 | ||
| Gold | State Research Institute Center for Physical Sciences and Technology | CID003153 | ||
| Gold | Sudan Gold Refinery | CID002567 | ||
| Gold | Sumitomo Metal Mining Co., Ltd. | CID001798 | ||
| Gold | SungEel HiMetal Co., Ltd. | CID002918 | ||
| Gold | Super Dragon Technology Co., Ltd. | CID001810 | ||
| Gold | T.C.A S.p.A | CID002580 | ||
| Gold | Tanaka Kikinzoku Kogyo K.K. | CID001875 | ||
| Gold | Tokuriki Honten Co., Ltd. | CID001938 | ||
| Gold | Tongling Nonferrous Metals Group Co., Ltd. | CID001947 | ||
| Gold | TOO Tau-Ken-Altyn | CID002615 | ||
| Gold | Torecom | CID001955 | ||
| Gold | Umicore Precious Metals Thailand | CID002314 | ||
| Gold | Umicore S.A. Business Unit Precious Metals Refining | CID001980 | ||
| Gold | United Precious Metal Refining, Inc. | CID001993 | ||
| Gold | Valcambi S.A. | CID002003 | ||
| Gold | Value Trading | CID003617 | ||
| Gold | WEEEREFINING | CID003615 | ||
| Gold | Western Australian Mint (T/a The Perth Mint) | CID002030 | ||
| Gold | WIELAND Edelmetalle GmbH | CID002778 | ||
| Gold | Yamakin Co., Ltd. | CID002100 | ||
| Gold | Yokohama Metal Co., Ltd. | CID002129 | ||
| Gold | Yunnan Copper Industry Co., Ltd. | CID000197 | ||
| Gold | Zhongkuang Gold Industry Co., Ltd. | CID002214 | ||
| Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | CID002224 | ||
| Tantalum | Changsha South Tantalum Niobium Co., Ltd. | CID000211 | ||
| Tantalum | D Block Metals, LLC | CID002504 | ||
| Tantalum | Exotech Inc. | CID000456 | ||
| Tantalum | F&X Electro-Materials Ltd. | CID000460 | ||
| Tantalum | FIR Metals & Resource Ltd. | CID002505 | ||
| Tantalum | Global Advanced Metals Aizu | CID002558 | ||
| Tantalum | Global Advanced Metals Boyertown | CID002557 | ||
| Tantalum | H.C. Starck Hermsdorf GmbH | CID002547 | ||
| Tantalum | H.C. Starck Inc. | CID002548 | ||
| Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. | CID002492 | ||
| Tantalum | Jiangxi Dinghai Tantalum & Niobium Co., Ltd. | CID002512 | ||
| Tantalum | Jiangxi Tuohong New Raw Material | CID002842 | ||
| Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. | CID000914 | ||
| Tantalum | Jiujiang Tanbre Co., Ltd. | CID000917 | ||
| Tantalum | Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | CID002506 | ||
| Tantalum | KEMET de Mexico | CID002539 | ||
| Tantalum | LSM Brasil S.A. | CID001076 | ||
| Tantalum | Metallurgical Products India Pvt., Ltd. | CID001163 | ||
| Tantalum | Mineração Taboca S.A. | CID001175 |
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| Tantalum | Mitsui Mining & Smelting | CID001192 | ||
| Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | CID001277 | ||
| Tantalum | NPM Silmet AS | CID001200 | ||
| Tantalum | QuantumClean | CID001508 | ||
| Tantalum | Resind Indústria e Comércio Ltda. | CID002707 | ||
| Tantalum | Solikamsk Magnesium Works OAO | CID001769 | ||
| Tantalum | Taki Chemical Co., Ltd. | CID001869 | ||
| Tantalum | TANIOBIS Co., Ltd. | CID002544 | ||
| Tantalum | TANIOBIS GmbH | CID002545 | ||
| Tantalum | TANIOBIS Japan Co., Ltd. | CID002549 | ||
| Tantalum | TANIOBIS Smelting GmbH & Co. KG | CID002550 | ||
| Tantalum | Telex Metals | CID001891 | ||
| Tantalum | Ulba Metallurgical Plant JSC | CID001969 | ||
| Tantalum | XIMEI RESOURCES (GUANGDONG) LIMITED | CID000616 | ||
| Tantalum | XinXing HaoRong Electronic Material Co., Ltd. | CID002508 | ||
| Tantalum | Yancheng Jinye New Material Technology Co., Ltd. | CID003583 | ||
| Tantalum | Yanling Jincheng Tantalum & Niobium Co., Ltd. | CID001522 | ||
| Tin | Alpha | CID000292 | ||
| Tin | An Vinh Joint Stock Mineral Processing Company | CID002703 | ||
| Tin | Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. | CID000228 | ||
| Tin | Chifeng Dajingzi Tin Industry Co., Ltd. | CID003190 | ||
| Tin | China Tin Group Co., Ltd. | CID001070 | ||
| Tin | CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda | CID003486 | ||
| Tin | CRM Synergies | CID003524 | ||
| Tin | CV Venus Inti Perkasa | CID002455 | ||
| Tin | Dongguan CiEXPO Environmental Engineering Co., Ltd. | CID003356 | ||
| Tin | Dowa | CID000402 | ||
| Tin | Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company | CID002572 | ||
| Tin | EM Vinto | CID000438 | ||
| Tin | Estanho de Rondônia S.A. | CID000448 | ||
| Tin | Fabrica Auricchio Industria e Comercio Ltda. | CID003582 | ||
| Tin | Fenix Metals | CID000468 | ||
| Tin | Gejiu City Fuxiang Industry and Trade Co., Ltd. | CID003410 | ||
| Tin | Gejiu Kai Meng Industry and Trade LLC | CID000942 | ||
| Tin | Gejiu Non-Ferrous Metal Processing Co., Ltd. | CID000538 | ||
| Tin | Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. | CID001908 | ||
| Tin | Gejiu Zili Mining And Metallurgy Co., Ltd. | CID000555 | ||
| Tin | Guangdong Hanhe Non-Ferrous Metal Co., Ltd. | CID003116 | ||
| Tin | HuiChang Hill Tin Industry Co., Ltd. | CID002844 | ||
| Tin | Jiangxi New Nanshan Technology Ltd. | CID001231 | ||
| Tin | Luna Smelter, Ltd. | CID003387 | ||
| Tin | Ma’anshan Weitai Tin Co., Ltd. | CID003379 | ||
| Tin | Magnu’s Minerais Metais e Ligas Ltda. | CID002468 | ||
| Tin | Malaysia Smelting Corporation (MSC) | CID001105 | ||
| Tin | Melt Metais e Ligas S.A. | CID002500 | ||
| Tin | Metallic Resources, Inc. | CID001142 | ||
| Tin | Metallo Belgium N.V. | CID002773 | ||
| Tin | Metallo Spain S.L.U. | CID002774 |
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| Tin | Mineração Taboca S.A. | CID001173 | ||
| Tin | Minsur | CID001182 | ||
| Tin | Mitsubishi Materials Corporation | CID001191 | ||
| Tin | Modeltech Sdn Bhd | CID002858 | ||
| Tin | Nghe Tinh Non-Ferrous Metals Joint Stock Company | CID002573 | ||
| Tin | Novosibirsk Processing Plant Ltd. | CID001305 | ||
| Tin | O.M. Manufacturing (Thailand) Co., Ltd. | CID001314 | ||
| Tin | O.M. Manufacturing Philippines, Inc. | CID002517 | ||
| Tin | Operaciones Metalúrgicas S.A. | CID001337 | ||
| Tin | Pongpipat Company Limited | CID003208 | ||
| Tin | Precious Minerals and Smelting Limited | CID003409 | ||
| Tin | PT Aries Kencana Sejahtera | CID000309 | ||
| Tin | PT Artha Cipta Langgeng | CID001399 | ||
| Tin | PT ATD Makmur Mandiri Jaya | CID002503 | ||
| Tin | PT Babel Inti Perkasa | CID001402 | ||
| Tin | PT Babel Surya Alam Lestari | CID001406 | ||
| Tin | PT Bangka Serumpun | CID003205 | ||
| Tin | PT Belitung Industri Sejahtera | CID001421 | ||
| Tin | PT Bukit Timah | CID001428 | ||
| Tin | PT Cipta Persada Mulia | CID002696 | ||
| Tin | PT Masbro Alam Stania | CID003380 | ||
| Tin | PT Menara Cipta Mulia | CID002835 | ||
| Tin | PT Mitra Stania Prima | CID001453 | ||
| Tin | PT Mitra Sukses Globalindo | CID003449 | ||
| Tin | PT Panca Mega Persada | CID001457 | ||
| Tin | PT Prima Timah Utama | CID001458 | ||
| Tin | PT Rajawali Rimba Perkasa | CID003381 | ||
| Tin | PT Rajehan Ariq | CID002593 | ||
| Tin | PT Refined Bangka Tin | CID001460 | ||
| Tin | PT Sariwiguna Binasentosa | CID001463 | ||
| Tin | PT Stanindo Inti Perkasa | CID001468 | ||
| Tin | PT Sukses Inti Makmur | CID002816 | ||
| Tin | PT Timah Nusantara | CID001486 | ||
| Tin | PT Timah Tbk Kundur | CID001477 | ||
| Tin | PT Timah Tbk Mentok | CID001482 | ||
| Tin | PT Tinindo Inter Nusa | CID001490 | ||
| Tin | Resind Indústria e Comércio Ltda. | CID002706 | ||
| Tin | Rui Da Hung | CID001539 | ||
| Tin | Soft Metais Ltda. | CID001758 | ||
| Tin | Super Ligas | CID002756 | ||
| Tin | Thai Nguyen Mining and Metallurgy Co., Ltd. | CID002834 | ||
| Tin | Thaisarco | CID001898 | ||
| Tin | Tin Technology & Refining | CID003325 | ||
| Tin | Tuyen Quang Non-Ferrous Metals Joint Stock Company | CID002574 | ||
| Tin | VQB Mineral and Trading Group JSC | CID002015 | ||
| Tin | White Solder Metalurgia e Mineração Ltda. | CID002036 | ||
| Tin | Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | CID002158 | ||
| Tin | Yunnan Tin Company Limited | CID002180 | ||
| Tin | Yunnan Yunfan Non-ferrous Metals Co., Ltd. | CID003397 |
9
| Tungsten | A.L.M.T. Corp. | CID000004 | ||
| Tungsten | ACL Metais Eireli | CID002833 | ||
| Tungsten | Albasteel Industria e Comercio de Ligas Para Fundicao Ltd. | CID003427 | ||
| Tungsten | Artek LLC | CID003553 | ||
| Tungsten | Asia Tungsten Products Vietnam Ltd. | CID002502 | ||
| Tungsten | Chenzhou Diamond Tungsten Products Co., Ltd. | CID002513 | ||
| Tungsten | China Molybdenum Co., Ltd. | CID002641 | ||
| Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. | CID000258 | ||
| Tungsten | CNMC (Guangxi) PGMA Co., Ltd. | CID000281 | ||
| Tungsten | Cronimet Brasil Ltda | CID003468 | ||
| Tungsten | Fujian Ganmin RareMetal Co., Ltd. | CID003401 | ||
| Tungsten | Fujian Xinlu Tungsten | CID003609 | ||
| Tungsten | Ganzhou Haichuang Tungsten Co., Ltd. | CID002645 | ||
| Tungsten | Ganzhou Huaxing Tungsten Products Co., Ltd. | CID000875 | ||
| Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | CID002315 | ||
| Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | CID002494 | ||
| Tungsten | GEM Co., Ltd. | CID003417 | ||
| Tungsten | Global Tungsten & Powders Corp. | CID000568 | ||
| Tungsten | Guangdong Xianglu Tungsten Co., Ltd. | CID000218 | ||
| Tungsten | H.C. Starck Tungsten GmbH | CID002541 | ||
| Tungsten | Hunan Chenzhou Mining Co., Ltd. | CID000766 | ||
| Tungsten | Hunan Chunchang Nonferrous Metals Co., Ltd. | CID000769 | ||
| Tungsten | Hydrometallurg, JSC | CID002649 | ||
| Tungsten | Japan New Metals Co., Ltd. | CID000825 | ||
| Tungsten | Jiangwu H.C. Starck Tungsten Products Co., Ltd. | CID002551 | ||
| Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. | CID002321 | ||
| Tungsten | Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. | CID002313 | ||
| Tungsten | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | CID002318 | ||
| Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | CID002317 | ||
| Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. | CID002316 | ||
| Tungsten | JSC “Kirovgrad Hard Alloys Plant” | CID003408 | ||
| Tungsten | Kennametal Fallon | CID000966 | ||
| Tungsten | Kennametal Huntsville | CID000105 | ||
| Tungsten | KGETS Co., Ltd. | CID003388 | ||
| Tungsten | Lianyou Metals Co., Ltd. | CID003407 | ||
| Tungsten | Malipo Haiyu Tungsten Co., Ltd. | CID002319 | ||
| Tungsten | Masan High-Tech Materials | CID002543 | ||
| Tungsten | Moliren Ltd. | CID002845 | ||
| Tungsten | Niagara Refining LLC | CID002589 | ||
| Tungsten | NPP Tyazhmetprom LLC | CID003416 | ||
| Tungsten | OOO “Technolom” 1 | CID003614 | ||
| Tungsten | OOO “Technolom” 2 | CID003612 | ||
| Tungsten | Philippine Chuangxin Industrial Co., Inc. | CID002827 | ||
| Tungsten | TANIOBIS Smelting GmbH & Co. KG | CID002542 | ||
| Tungsten | Unecha Refractory Metals Plant | CID002724 | ||
| Tungsten | Wolfram Bergbau und Hütten AG | CID002044 | ||
| Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | CID002320 | ||
| Tungsten | Xiamen Tungsten Co., Ltd. | CID002082 | ||
| Tungsten | Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd. | CID002830 |
10
Forty-six of the 340 unique Smelters identified during our RCOI either declared that they were sourcing, or there was reason to believe they were sourcing, from the Covered Countries. Based on the Smelters’ disclosures and the publicly available information, we have reason to believe these Smelters may be sourcing from the following Covered Countries: The Democratic Republic of the Congo, Rwanda, Burundi, Uganda, and Tanzania. Our due diligence review indicated that 35 of the 46 Smelters have been audited and recognized as conformant to the RMAP.
Additional Risk Factors
The statements included in this Conflict Minerals Report are based on the RCOI process and due diligence performed in good faith by Hyliion. These statements are based on the information available at the time. A number of factors could introduce errors or otherwise affect the accuracy of these statements.
These factors include, but are not limited to: (i) gaps in supplier or smelter data, (ii) errors or omissions by suppliers or smelters, (iii) uncertainty or varied interpretations of the disclosure requirements described in the SEC final rules, (iv) all instances of conflict minerals necessary to the functionality or manufacturing of our products may not have been reported correctly by our suppliers, (v) some suppliers and smelters are unfamiliar with the diligence process and information required to be provided, which could lead to inaccurate or incomplete responses, (vi) timeliness of data received from our suppliers, (vii) information that is in the public domain may not be discovered despite having conducted a reasonable search, (viii) there may be errors in publicly available information, (ix) language barriers or errors in translation could lead to inaccurate information, (x) there could be oversights or errors in conflict free smelter audits, (xi) materials sourced from the Covered Countries could be inaccurately declared as sourced from outside the Covered Countries, (xii) illegally tagged Conflict Minerals could be introduced into the supply chain without our knowledge or the knowledge of our suppliers, (xiii) difficulties obtaining information from companies that are no longer in business, and (xiv) smuggling of Conflict Minerals outside the Covered Countries may make identification of their origin more difficult.
This Specialized Disclosure Report on Form SD contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include any plans or intentions to improve the number and quality of supplier and smelter response rates and steps we intend to take to mitigate risk in our supply chain. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. In particular, the Company’s risk mitigation and improvement plans may be affected by: (a) changes in global regulations related to the extraction of and disclosure obligations related to conflict minerals; (b) the ability of our suppliers and smelters to provide accurate information in response to our requests; (c) the availability of alternate sources of materials necessary to the functionality or production of our products on commercially reasonable terms or at all; (d) the ability of certified smelters to meet demand for raw materials; and (e) limits on our ability to unilaterally influence supplier behavior. These forward-looking statements are made as of the date hereof and we assume no obligation to update such statements.
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