Safety Components Forms Joint Venture In China

Safety Components International Inc., a Greenville-based automotive airbag fabric and cushions
supplier, and manufacturer of other specialty man-made fabrics, has formed a joint venture in China
through its subsidiary, ASCI Holdings Asia Pacific (DE) LLC, with Huamao (Xiamen) Technical Textile
Co., a China-based designer, producer and tester of technical fabrics. The joint venture,
Automotive Safety Components International (Changshu) Co. Ltd. (ASCI Changshu), will cut, sew and
fold airbag cushions. Majority owner Safety Components will provide technical assistance and manage
ASCI Changshus new plant, and Huamao will supply airbag fabrics from its existing operation.

“This facility is intended to partner with and support our existing customer base and fully
participate in the growing Chinese domestic market,” said John Corey, president and CEO, Safety
Components International.

February 2005