JINSUNG INTRODUCTION FOR EUTECTIC COLD TOP BOX

JINSUNG INTRODUCTION FOR EUTECTIC COLD TOP BOX JINSUNG REFRIGERATOR IND CO LTD MAIN OFFICE & FACTROY. 283-6. SEOKJEONG-RO, POSEUNG-TOWN, PYEONGTAEK-CITY, GYEONGGI-DO, 451-824, KOREA BRANCH OFFICE. RM608, ACRO PALICE BD, 1594, KWAN YANG-DONG, DONGAN-GU, ANYANG-CITY, GYEONGGI-DO, 431-060, KOREA TEL : +82 31 432 2984 FAX : +82 31 432 3385 jinsung@jinsungref.com www.jinsungref.com

History of JINSUNGRef. 1991. Feb, Est. JINSUNG Refrigerating Machinery Co. (Refrigerator Installation Business) 1999. Sep. Changed legal company name to JINSUNG Refrgerator Ind Co., Ltd (Capital : 400 million won) 2000. Jan. Transffered factory to 3Ma-711, Shihwa Industrial Complex, Jeong Wang-Dong, Shiheung-City, Gyounggi-Do, 429-450, Korea 2000. Mar. Develop / Produce freezing plate type cold top. Registered Military Service Exception Firm, Certified ISO/KSA 9001. Started to develop Eutectic Cold Top. 2001. Jan. Registered Refrigerating Machinery Production Company (#2001-1) 2002. Apr. Pre/Fab urethane panel production opening Hot press 3.12*8.12*12 X 4 colum 2003. Mar. Acquired ISO/KSA 9001 certificate 2005. Mar. Started to export Eutectic Cold Top to Austraila and Algeria 2006. May. Appointed as Bright Prospect Company of Export by the Small and Medium Business Administration. 2006. Jun. Appointed as a New technology venture company by Small and Medium Business Administration. 2006. Jul. Acquired ISO/KSA 14001.certificate 2006. Aug. Appointed as a INNO-BIZ company by Small and Medium Business Administration. 2006. Nov. Awarded A million USD Export Trophy on 43nd Annual Trade Day. 2007. Feb. Nominated as Specialist for Manufacturing Parts by the Ministry of Commerce. 2007. Jun. Nominated as Good Design of 2007 by the Ministry of Commerce. 2007. Jun. Nominated as No.1 product of the world in 2007 by the Ministry of Commerce. 2007. Aug. Nominated Bright Prospect Company of Gyounggi by provincial Governor of Gyounggi-Do. 2007. Sep. Establishing R&D institutes in Gyunggi Industrial University authorized by Korea Industrial Technology Association 2007. Oct. Awarded Great Material Development in 2007 by Ministry of Commerce. 2008. Sep. Acquired ATP Certification in Poland COCH 2010. Apr. Built / Move all facilities to New Factory in PYENGTAEK CITY ( 8,260 m2 with factory site)

History of JINSUNGRef. 2011 Oct. Participation in UT-Program with University of Texas at Austin 2011 Nov. Awarded for effort for Industry-Scholarship cooperation program by Gyeonggi province 2012 Dec. Re-nominated as prospective World-class product 2013 Oct. Acquired certificate of Green technical and Green technical-product 2013 Nov. Awarded 3million USD export trophy on 50 th Annual Trade day 2014 Mar. Nominated as Green product specialist company 2015 Dec. Awarded Energy Industry award Annual capacity manufacturing eutectic body 1000 unit (400 unit s for domestic market and 600units for overseas market)

What is Eutectic cold top? - While the van is not running, refrigerator is operated with 380V 3 phase electricity (for industry)and it accumulate chill ar eutectic plate. It works without any power during running time and use accumulated chill to keep temperature inside of box Eutectic cold top(freezer) Engine type/sub-engine type cold top

Ⅰ. The Outline of Eutectic Cold Van 1. Overview Eutectic Cold Van is widely used in the worldwide with advantages on the 1 정의 transportations of frozen food in a way to earn constant steady temperature on echo : 차량을운행하지않는시간에전기 ( 스탠바이유닛 ) 로냉동기를가동, 냉을 friendly conditions of low noise, abated emission of CO₂gas, energy efficiency, cost 축적시켜차량운행시냉동상태를유지하도록제작된차량을말한다. effective, prolonged life of vehicle, all by using the power of electricity instead of truck engine or sub-engine. 2. Features Merits Demerits Saving cost : The cost of expenses is about 35% compared to sub-engine type Keeping temperature : Without any power, temperature keeps its cold latent continuously. Eco-friendly : No CO2 emission. Noiseless of refrigerated engine : No noise during running the van. Low temperature -33 : : It keeps average -25 when ambient is being +35 in daytime. Charging time : It can not move during charging time about 8 ~ 10hrs. Packing space : It needs enough space for charging. Internal space : The inner capacity is less about 5% than Refrigerated Van Temperature setting : It can not adjust the setting temperature. Weight : By installing the plates on the ceiling, the weight is 20% heavier than Refrigerated van

3. Major Customers Ice cream / Transportation / Fishing industry / Fresh food industry 4. Overseas Leading Makers Italy Denmark USA Remark Cold Car / Framec / Cofi Carlsen Jhonson / Kidron / Carrier JINSUNG Eutectic Cold Van are priced competitively at 60 to 70 percent of tags of Italian and other competition.

Ⅱ. Detailed Product Features 1. Primary Components Picture Contents Urethane Panel - It has excellent performance with poly-urethane panel to insulate the ambient by adopting variety thickness of 100t / 120t / 140t with injected urethane foam, so it performs relatively strong solidity. Eutectic plate - The eutectic plate is made by pressure shape of steel sheet in thickness of 1.2mm to keep 50mm space between the upper and the lower. After welding by seam welder, it is filed with the eutectic liquid. The plates begins to freeze at -33 and keep storing the frozen latent heat. Condensing Unit - It designs that the condensing unit is mounted on vehicle s chassis firmly and it is more convenient to maintain the unit than flush mounting type. Control Box - The control box works to provide electricity 380V/220V, 60/50Hz, 3 phase for overseas markets and protect electric circuit against electric leakage and shock. Moreover, it can adjust the temperature from -40 to -33 by installing digital thermostat.

* Working Process Drawing Work Panel Process (Skin Cutting, Straining) Panel Frame Assembly Urethane Injection Foaming Machine Urethane Liquid Injection Panel Process (Pitting, Setting, Trimming) Panel Process / Frame Panel Process Panel Box Assembly Eutectic System Assembly Panel Press & Injection Box Assembly

Condensing unit - It is operated by 3 phase electric power 380V or 220V - with 50Hz or 60Hz. Floor Type <Ribbed Floor> STS430 <Checkered Floor> STS 430 <Top Mounting> Compressor Type Scroll compressor <Under Mounting.> Semi-hermetic compressor (Dorin compressor) Scroll Compressor type - Common use in all of the world with its excellent performance. - Cheap cost - Noiseless system - Light weight - No repair replace the compressor. Semi-hermetic Compressor type : Powerful compressor with high efficiency. - Expensive - Heavy weight - To be repaired its components. - Suitable for dual temp body.

2. Options 1 Exterior options Door - The 100mm thick polyurethane foam door offers you the easiness of access. All doors have a heating element not to be frozen when opening the door. - Locking pipe type door lock has a basic option for the safety escape device instead of the alarm bell. There are two material option as STAINLESS STEEL / ZN- GALVANIZED type. Standard side door (680W*1050H*100T) Locking pipe Type 1.Standard door : 680W*1050H*100T 2.Locking pipe type : Customized dimension 3.2 swing rear door : Depending on the body dimension. 4.Triple rear door : Depending on the body dimension. 2 swing door Triple door Safety escape device for the locking pipe type door

2 Exterior options Others Electric Air-Curtain Plastic Air Curtain Rear step Side step Side folding step LED light

3 Interior options Ribbed floor Checkered floor (aluminum/sts) Al T-pallet floor FRP + plastic skid Side protection 100~300mm E-track (STS) Trolley rail Trolley (Zn-galvanized) Partition wall (FRP 100mm) Internal partition (Zn-galvanized) Internal LED Movable partition

3. Refrigeration Cycle In Focus : How Refrigeration Works Refrigeration in a cold van works in the same way as in a regular household refrigerator. The refrigerant passes through the compressor, condenser, expansion valve and evaporator. Temperature and pressure changes created in this process cause the refrigerant to condense into liquid form and then evaporate. The low-temperature and low-pressure vaporized gas that comes out of the evaporator keeps the inside of the cargo box cool. What sets the cooling system in a cold van apart from that of a regular refrigerator is that is uses the cold vaporized gas from the evaporator to freeze the choric solution inside the eutectic plates, which is set to freeze at -33 by adjusting its concentration. The frozen coolant inside the eutectic plates keeps the cargo box cool during the day. Components Explanation Compressor Condenser Receiving Tank Filter Dryer Expansion Valve Eutectic plates Driven by a 380 or 220 volt 3-phase motor, the compressor pressurizes low- temperature, lowpressure vaporized refrigerant gas from the eutectic plates before sending it to the condenser. The condenser takes the high-temperature, high-pressure gas from the compressor and condenses it into liquid form by cooling it with external air. The receiving tank stores liquefied refrigerant gas from the condenser and runs it through a filter drier before sending it to the expansion valve. The filter drier filters moisture and impurities from the liquefied refrigerant gas. The expansion valve release the liquefied refrigerant gas from the filter drier into low-temperature, low-pressure vapors, which are sent to the eutectic plates The evaporation of the liquefied refrigerant gas through the expansion valve lowers The temperature by absorbing heat, which it turns freezes the coolant in the eutectic plates.

Classified by Using Temperature Eutectic Plate for -33 freezing set Eutectic Plate for -7 freezing set - By adjusting its concentration of eutectic solution, the freezing point of the plate sets to -7 which stay the cargo box between 0 ~ +5. - The cover dropping the water from the plate when melting the ice solution of the plate is to protect the products wet. - Dividing the two or three sections such as Freezer / Chiller / Dry by PU panel 100mm. - It can separate the products in accordance with its origin. Dual body as Freezer and Dry Dual body as Freezer And Chiller

4. Comparison with Sub Engine Type Refrigerated Van Eutectic system Sub-engine system Temperature 1. Keeps the inner body temperature continuously without any power during a daytime. 2. With injective urethane panel and high compressive strength, it can keep its temperature more than 12 hrs. 1. There is different temperature between front and rear area. 2. It is not suitable for ultracold temperature. 3. It has to operate refrigeration system during driving. Expenses Freshness Safety 1. Expenses are about 35% against sub-engine and 18% against main engine. 2. Less trouble than sub/main type by using electric power. 3. Less vehicle exhaust gas. 4. With separate system between vehicle and eutectic body, it has a long-life. 1.Transfer natural convection that the product does not dry. 2. Operate as cold store when stopping time. 3. Maintain a constant temperature. 1. No sound during driving. 2. Anytime possible to use 3. No freeze and burst. 4. Prevention of damaging the goods when troubling the refrigerator system during running the van. 1. It costs fuel oil cost of the refrigerator. 2. It has a high proportion of the trouble to the working parts 3. Exhaust gas increases. 4. It has almost the same life as the van. 1. By using evaporator fan, the product is easily dried. 2. When stopping the engine, it concerns about the products wet. 1. It has a noise with continuous running. 2. Only running time possible to use 3. Concerns about freezer and burst. 4. Problem of repair when running the truck to long distance way.

UNIT = US$ A Fixed Fee, b Using Fee Model Power Eutectic Cold Van Calculation FEE (US$) A Sub Engine Type Refrigerated Van Power Calculation FEE (US$) B Diff (A-B) HD65 Comp:5hp Fan : 0.2Kw Heater:0.5Kw a 5Kw*$5.1=$25.5 b 4.2Kw*8h*30day*$0.06*EC10% =$72.5 a+b= $98.00 $98 Sub engine : 30b a 8h*1.6L*30day*$1.3 =$499.2 $499-401 HD72 Comp:5hp Fan : 0.2Kw*2 Heater:0.5Kw a 5Kw*$5.1=$25.5 b 4.2Kw*8h*30day*$0.06*EC10% =$72.5 a+b= $98.00 $98 Sub engine : 50b a 8h*1.8L*30day*$1.3 =$561.6 $561-463 HD120 Comp:7.5hp Fan : 0.2Kw*2 Heater:0.5Kw a 7Kw*$5.1=$35.7 b 6.2Kw*8h*30day*$0.06*EC10% =$110.5 a+b= $146.2 $146 Sub engine : 50b a 8h*1.9L*30day*$1.3 =$593 $593-447 HD160 Comp:10hp Fan : 0.2Kw*4 Heater:0.5Kw a 10Kw*$5.1=$51.0 b 8.8Kw*8h*30day*$0.06*EC10% =$152.0 a+b= $203.0 $203 Sub engine : (Large) a8h*2.2l*30day*$1.3 =$686 $686-483

ATP Certification ATP (AGREEMENT ON THE INTERNATIONAL CARRIAGE OF PERISHABLE FOOD STUFFS AND ON THE SPECIAL EQUIPMENT TO BE USED FOR SUCH CARRIAGE) K coefficient : 0.267 W/ m2 K

Ⅲ. Overseas Case

Eutectic Cold Van

- Model for Korea domestic

Eutectic Body

Specification - Customized size 1 Specification (Available size of length : 2.88M ~ 7.50M for customized body) Size Panel 1.0 TON 2.5 TON 3.5 TON 5.0 TON 8.5 TON Remark L (mm) 3,160 4,380 4,880 6,250 7,500 W (mm) 1,740 2,000 2,000 2,200 2,200 H (mm) 1,650 1,920 1,920 2,300 2,300 ( m3 ) 9.1 13.9 17.1 28.3 35.1 Skin Material FRP (IN) + FRP (OUT) Poly-Urethane 100mm <Customized size> ** Give us the size of body (Length*Width*Height) FRP ( 2mm Thickness) Eutectic plate Capacity (l) 32l / 37l It depends on the temperature Quantity 6 ~ 12 PCS and size Rear door Standard 2 swing rear door or 3 swing rear door STANDARD 2 Option Rear door Triple type Standard door lock or Recessed door lock Side door quantity ( Standard size 630W*1050H or customized size) Rear step - Standard Side step Each Standard or folding step Internal partition Plastic vinyl curtain Air curtain Each Aluminum partition Depend on internal body size Rear ( Sliding / fixed Type ) Side Fixed plastic curtain Rear Single / Double Side Single

Overseas sales Complete Unit Complete Knock Down (CKD) MANUFACTURER : JINSUNG SALES by OVERSEAS AGENCY MANUFACTURER : JINSUNG ASSEMBLY & SALES : OVERSEAS AGENCY JINSUNG REFRIGERATOR IND CO LTD MAIN OFFICE & FACTROY. 742-8. SEOKJEONG-LI, POSEUNG-TOWN, PYEONGTAEK-CITY, GYEONGGI-DO, 451-824, KOREA BRANCH OFFICE. RM608, ACRO PALICE BD, 1594, KWAN YANG-DONG, DONGAN-GU, ANYANG-CITY, GYEONGGI-DO, 431-060, KOREA TEL : +82 31 432 2984 FAX : +82 31 432 3385 jinsung@jinsungref.com www.jinsungref.com