EXHIBIT 1.01

CONFLICT MINERALS REPORT

This report has not been subject to an independent private sector audit.

(1)	Company Overview

Marine Products Corporation (“Marine Products” or “the Company”) manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. Marine Products’ product offerings include Chaparral sterndrive, outboard and Robalo outboard sport fishing boats.

(2)	Conflict minerals and Covered Countries

“Conflict Minerals” or “3TG” are gold, columbite-tantalite (coltan), cassiterite, wolframite or their derivatives, which are limited to tantalum, tin, and tungsten. “Covered Countries” are the Democratic Republic of the Congo (DRC) and certain adjoining countries.

(3)	Reasonable Country of Origin Inquiry (“RCOI”) and nationally or internationally recognized due diligence framework

Marine Products does not purchase raw ore or unrefined Conflict Minerals directly from mines, smelters or refiners and makes no direct purchases of any minerals in the Covered Countries. The Company’s supply chain with respect to the products that use Conflict Minerals is complex, with intermediaries and third parties in the supply chain between the manufacture of products and the original sources of Conflict Minerals. The Company must therefore rely on its suppliers to provide information on the origin of the 3TG contained in components and materials supplied, including sources of 3TG that are supplied to them from their suppliers (i.e., second-tier suppliers). The Company surveyed 100 percent of its direct suppliers of raw materials and components. This risk-based approach is consistent in all material aspects with the framework in The Organization for Economic Co-operation and Development (“OECD”) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the related Supplements for gold and for tin, tantalum and tungsten.

(4)	Due Diligence

Marine Products conducted a survey of the direct suppliers of all the products used in the manufacture of its boats. We used the Conflict Minerals Reporting Template (“CMRT”) published by the Electronic Industry Citizenship Coalition and Global e-Sustainability Initiative (“EICC/GeSI”) Conflict Free Sourcing Initiative (“CFSI”). CMRT maintains a list of smelters that have received a conflict free designation from the CFSI. All smelter information provided by the vendors is compared against the list maintained by CMRT.

(5)	Results of Due Diligence

The Company received responses from 38 percent of the suppliers surveyed and 18 percent confirmed that that 3TG is used in their products and the results are as follows:

64 percent confirmed that 3TG used in their products is not sourced from the Covered Countries. However, not all of them had received responses from all of their suppliers and some of them did not provide a list of the smelters from which the minerals are sourced.

27 percent confirmed that 3TG used in their products is not from the Covered Countries and identified smelters that were on the CFSI list.

Nine percent confirmed that 3TG used in their products are from recycled or scrap sources.

Some of the challenges that we encountered when we obtained the responses were as follows:

We are dependent on information received from our direct suppliers to conduct our good faith RCOI process.

We have a varied supplier base with differing levels of resources and sophistication, and many of the suppliers are not subject to Rule 13p-1 of the Exchange Act.

Certain suppliers were unable or unwilling to specify the smelters or refiners used for components and materials supplied to us.

The information our suppliers provided was occasionally incomplete and in some cases, hard to decipher.

Our ability to influence cooperation from some of the suppliers was limited since we have a limited number of supplier choices in the industry in which we operate.

(6)	Steps to be taken to mitigate risk

·	Contracts with suppliers are frequently in force for a year or longer, and as we enter into new contracts, or our contracts renew, we advise our suppliers to, not sell us any products that contain 3TG which finance conflict, undertake diligence and investigation necessary to ensure compliance.

·	The Company will continue to use the EICC/GeSI Conflict Minerals Reporting Template as part of the supplier inquiry process for 2022.

(7)	Product Description

The products that the Company contracts to have manufactured which contain Conflict Minerals are described below:

Product

Description

Processing Facility

Country of Origin

Efforts to

Determine

Origin

Actuators used to control steering and throttle mechanisms

Air conditioners used in enclosed pleasure boat cabins

Appliances used in pleasure boat galleys

Automated speed control systems used to maintain constant speed in pleasure boats

Bi-color navigation lights affixed to the bow of a pleasure boat to indicate its presence in, and direction on, a waterway

Brackets which secure fuel tanks in the hulls of pleasure boats

Circuit boards used in various electronics on pleasure boats

Electrical terminals

Equipment used to protect boat electronics from exposure to water, salt and other damaging elements

Gauges which provide engine performance and fuel status information to boat operator

Horns used on pleasure boats to sound warnings and for signaling

Navigation, radar, and other GPS-enabled devices used in recreational boating

Nut used to secure rivets on pleasure boat upholstery and covers

The Company has not yet determined the identity of all of the processing facilities that are contracted to manufacture the relevant products.

Based on the Company’s due diligence efforts to date, the Company does not have sufficient information to determine a complete list of facilities that are used to process the Conflict Minerals used in its products. A partial list of the facilities which the Company has determined are used to process the Conflict Minerals used in these is shown below. Some of these facilities have a “conflict free” designation from the CFSI while the others are not on the CFSI list:

Abington Reldan Metals, LLC

Advanced Chemical Company

AGR Mathey

Aida Chemical Industries Co. Ltd.

Al Etihad Gold LLC

Al Etihad Gold Refinery DMCC

Allgemeine Gold Und Silberscheideanstalt A.G.

Almalyk Mining and Metallurgical Complex (AMMC)

Amagasaki Factory, Hyogo Prefecture, Japan

A.L.M.T Tungsten Corp.

Alexy Metals

Alpha Metals Taiwan

AngloGold Ashanti Mineração Ltd

An Vinh Joint Srock mineral Processing Company

ANZ

Argor-Heraeus SA

Artek LLC

Asahi Pretec Corp

Asaka Riken Co Ltd

ATAkulche

Atasay Kuyumculuk Sanayi Ve Ticaret A.S.

ATI Tungsten Materials

Augmont Enterprises Private Limited

AU Traders and Refiners

AURA - II

Aurubis AG

Bangalore Refinery

Bangko Sentral ng Pilipinas (Central Bank of the Philippines)

Boliden AB

Caridad

Cendres & Métaux SA

Central Bank of the CPR of Korea

Chaozhou Xianglu Tungsten Industry Co Ltd

Based on the Company’s due diligence efforts to date, the Company does not have sufficient information to determine completely the countries of origin for the relevant products. However, a partial list of countries of origin for the relevant products is shown below:

Andorra

Australia

Austria

Belgium

Bolivia

Brazil

Canada

China

Colombia

France

Germany

Indonesia

Italy

Japan

Kazakhstan

Kyrgyzstan

Malaysia

Mexico

Netherlands

Hong Kong

India

Indonesia

Kazakhstan

Mauritania

Norway

Peru

Philippines

Poland

Republic of Korea

Russian Federation

South Africa

Spain

Switzerland

Taiwan

Thailand

Turkey

Uganda

United Arab Emirates

United States

Uzbekistan

Vietnam

The efforts to determine the origin of conflict minerals are discussed in Section 4 above.

Radio antennas

Solder used to join metal parts

Sonar devices used to locate fish to facilitate recreational fishing

Trailers used to transport boats using motorized vehicles

Underwater depth and temperature sensors to aid in navigation

Various components used in marine engines

Chengfeng Metals Co. Pte. Ltd

Chimet SpA

China Minmetals Nonferrous Metals Co Ltd

Chongyi Zhangyuan Tungsten Co Ltd

Chugai Mining

C.J. Metales Procesados Industriales SAS

CNMC (Guangxi) PGMA Co. Ltd.

Conghua Tantalum and Niobium Smeltry

Cookson Alpha Metals (Shenzhen) co. Ltd.

Cooper Santa

CRM Fundicao De metals E Comercio De Equipamentos Eletronicos o Brasil Ltda

CRM Synergies

Cronimet Brasil Ltda

CV Duta Putra Bangka

CV JusTindo

CV Makmur Jaya

CV Nurjanah

CV Prima Timah Utama

CV Serumpun Sebalai

CV United Smelting

D Block Metals, LLC

Daejin Indus Co. Ltd

Daeryong ENC

Do Sung Corporation

Dowa

Duoluoshan

Eco-system Recycling Co. Ltd. North Plant

Eco-system Recycling Co. Ltd. West Plant

EM Vinto

Emerald jewel Industry India Limited (Unit 2)

Emerald jewel Industry India Limited (Unit 3)

Emerald jewel Industry India Limited (Unit 4)

Emirates Gold DMCC

Exotech Inc.

Faggi Enrico S.p.A.

Fidelity Printers and Refiners Ltd.

F&X

Gannon & Scott

Ganzhou Grand Sea W & Mo Group Co Ltd

Ganzhou Haichuang Tungsten Co. Ltd.

Geib Refining Corporation

Gejiu Kai Meng Industry and Trade LLC

Zimbabwe

Geiju Non-Ferrous Metal Processing Co. Ltd.

Gejiu Zi-Li

GEM Co. Ltd.

Global Advanced Metals

Global Tungsten & Powders Corp.

Gold Bell Group

Great Wall Precious Metals Co., Ltd

Guangdong Jinding Gold Limited

Gujarat Gold Centre

HC Starck GmbH

Heesung Metal Ltd.

Heimerle + Meule GmbH

Heraeus Ltd Hong Kong

Heraeus Precious Metals GmbH & Co. KG

Hi-Temp

Houseof Currency of Brazil (Casa da Moeda do Brazil)

Hunan Chenzhou Mining Group Co.

Hunan Chunchang Nonferrous Metals Co. Ltd.

Hunaan Guiyang yinXing Nonferrous Semtlting Co. Ltd.

Huichang Jinshunda Tin Co. Ltd

Hwasung CJ Co. Ltd

Hydrometallurg, JSC

Industrial Refining Company (Tony Goetz NV)

Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited

Ishifuku Metal Industry Co., Ltd.

Istanbul Gold Refinery

Italpreziosi

8853 S.p. A.

Japan Mint

Japan New Metals Co Ltd

Jiangxi Copper Company Limited

Jiangxi Rare Earth & Rare Metals Tungsten Group Corp

Jiangxi Nanshan

Jiangxi Tungsten Industry Group Co Ltd

Jiangxi Xianglu Tungsten Co. Ltd.

JiuJiang Tambre Co. Ltd.

JiuJiang JinXin Nonferrous Metals Co. Ltd.

Johnson Matthey Inc

Johnson Matthey Limited

JSC Ekaterinburg Non-Ferrous Metal Processing Plant

JSC Uralectromed

JX Nippon Mining & Metals Co., Ltd.

K.A. Rasmussen

Kai Unita Trade Limited Liability Company

Kazzinc Ltd

Kemet Blue Powder

Kennametal Huntsville

KGHM Polska Miedz Spolka Akcyjna

Kojima Chemicals Co. Ltd

Korea Metal

Korea Zinc Co. Ltd.

Kundan Care Products Ltd.

Kyrgyzaltyn JSC

Lianyou Metals Co. Ltd.

Linwu Xianggui Smelter Co

L’ Orfebre S.A.LS-Nikko Copper Inc.

Liuzhou China Tin

Malaysia Smelting Corp

Materion

Marsam Metals

Matsuda Sangyo Co. Ltd

MD Overseas

Metal Concentrators SA (Pty) Ltd.

Metallo Belgium N.V.

Metallo Chimique

Metallo Spain S.L.U.

Metallix Refining Inc.

Metalor Technologies

Metalor Technologies (Hong Kong) Ltd.

Metalor USA Refining Corporation

Met-Mex Penoles, S.A.

Mineração Taboca S.A.

Minmetals Ganzhou Tin Co. Ltd.

Minsur

Mitsubishi Materials Corporation

Mitsui Mining & Smelting

MMTC – PAMP India Pvt. Ltd

Moscow Special Alloys Processing Plant

Nadir Metal Rafineri San. Ve Tic. A.Ş.

Nihon Material Co. LTD

Ningxia Orient Tantalum Industry Co., Ltd.

Navoi Mining and Metallurgical Combinat

NPP Tyazhmetprom LLC

Novosibirsk Integrated Tin Works

Ohio Precious Metals

OJSC Kolyma Refinery

OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant”

OMSA

Operaciones Metalurgicas S.A.

PAMP SA

Pan Pacific Copper Co. LTD

●

Penglai Penggang Gold Industry Co. Ltd.

Plansee

Precious Minerals and Smelting Limited

Prioksky Plant of Non-Ferrous Metals

PT ATD Mkmur Madirir Jaya

PT Alam Lestari Kencana

PT Aneka Tambang (Persero) Tbk

PT Artha Cipta Langgeng

PT Babel Inti Perkasa

PT Babel Surya Alam Lestari

PT Bangka Putra Karya

PT Bangka Kudia Tin

PT Bangka Timah Utama Sejahtera

PT Belitung Industri Sejahtera

PT BilliTin Makmur Lestari

PT Bukit Timah

PT Cipta Persada Mulia

PT DS Jaya Abadi

PT Eunindo Usaha Mandiri

PT Fang Di MulTindo

PT HP Metals Indonesia

PT Koba Tin

PT Mitra Stania Prima

PT Refined Banka Tin

PT Stanindo Inti Perkosa

PT Sumber Jaya Indah

PT Tambang Timah

PT Timah

PT Timah Nusantara

PT Sariwiguna Binasentosa

PT Tinindo Inter Nusa

PT Yinchendo Mining Industry

PX Précinox SA

Rand Refinery (Pty) Ltd

Republic Metals Corporation

Resind Industria e Comerco Ltda

RFH

Royal Canadian Mint

SAAMP

Sabin Metal Corp.

SAMWON METALS Corp.

Sancus ZFS (L’Orfebre, SA)

Schone Edelmetaal

Sellem Industries Ltd.

SEMPSA Joyeria Plateria SA

Shandong Yanggu Xiangguang Co. Ltd.

Shandong Zhaojin Gold & Silver Refinery Co. Ltd

Shirpur Gold refinery Ltd.

SOE Shyolkovsky Factory of Secondary Precious Metals

Soft Metais LTDA

Solar Applied Materials Technology Corp.

Solikamsk Metal Works

Sumitomo Metal Mining Co. Ltd.

Super Ligas

Suzhou Xingrui Noble

Tanaka Kikinzoku Kogyo K.K.

The Great Wall Gold and Silver Refinery of China

The Refinery of Shandong Gold Mining Co. Ltd

Tejing (Vietnam) Tungsten Co Ltd

Telex

Thaisarco

Tongling Nonferrous Metals Group Co. Ltd.

TOO Tau-Ken-Altyn

Tokuriki Honten Co. Ltd

Torecom

Tungsten Diversified Industries LLC

Ulba

Umicore Brasil Ltda

Umicore SA Business Unit Precious Metals Refining

United Precious Metal Refining, Inc.

Valcambi SA

Western Australian Mint trading as The Perth Mint

White Solder Metalurgia

Wolfram Bergbau und Hütten AG

Wolfram Company CJSC

Xiamen Tungsten Co., Ltd.

Xstrata Canada Corporation

Yokohoma Metal Co Ltd.

Yunnan Chengfeng

Yunnan Tin Company Limited

Zhongyuan Gold Smelter of Zhongjin Gold Corporation

Zhuzhou Cemented Carbide Group Co Ltd.

Zijin Mining Group Co. Ltd