Carysil Clarifies No Impact from US Tariffs

Company Disclosure: Regulatory Clarification on US Trade Measures

Trading Symbol: CARYSIL

Specific Clarification Content

The company addresses recent reports about a tariff-rate quota ("TRQ") imposed by the United States on imports of certain Quartz Surface Products ("QSP"). The measure applies to specified quartz surface products including engineered quartz slabs and fabricated quartz surfaces falling within specific HTSUS classifications.

Product Distinction and Impact Assessment

Carysil clarifies that its quartz business represents a distinct product category from the quartz slabs and countertop surface products covered under the US safeguard measure. Based on the product scope of the measure and applicable product classifications, the company's quartz kitchen sink exports to the United States do not fall within the products covered by the TRQ.

Expected Impact

Accordingly, the company does not expect any direct impact on its quartz sink exports to the United States on account of this measure.

Ongoing Monitoring

Carysil states it continues to monitor developments in U.S. trade regulations and will keep stakeholders informed of material developments, if any.