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Subsidiaries of SPARX Group CO., Ltd.

JAPAN

SPARX Asset Management Co., Ltd.

Address Tennoz First Tower 16F, 2-2-4 Higashi Shinagawa,
Shinagawa-ku, Tokyo 140-0002 JAPAN
Tel. +81-3-6711-9200
Fax. +81-3-6711-9201
Main Business SPARX Asset Management Co., Ltd. is (1) managing funds, which are investing in the listed and unlisted companies in Japan, (2) providing consulting services and accounting to major corporations and high-networth clients in Japan and (3) promoting our funds and providing client services in Japan.
URL http://www.sparx.co.jp

SPARX Green Energy & Technology Co., Ltd.

Address Tennoz First Tower 16F, 2-2-4 Higashi Shinagawa,
Shinagawa-ku, Tokyo 140-0002 JAPAN
Tel. +81-3-6711-9150
Fax. +81-3-6711-9159
Main Business SPARX Green Energy & Technology Co., Ltd. is managing electrical supply business and consulting business for electrical power generation utilizing renewable energy

Other Countries

Cosmo Asset Management Co., Ltd.

Address 19F Two IFC, 10 Gukjegeumyung-ro,
Youngdeungpro-gu, Seoul 150-945 Korea
Tel. 82-2-570-1600
Fax. 82-2-570-1690
Main Business Cosmo Asset Management Co., Ltd. is managing and promoting the Cosmo's funds, which are investing in the listed companies in South Korea.
URL http://www.cosmoasset.com/

SPARX Asia Investment Advisors Limited

Address 6/F ICBC Tower, 3 Garden Road, Central, Hong Kong
Tel. 852-3102-7500
Main Business SPARX Asia Investment Advisors Limited is managing and promoting their own funds, which are investing in securities in the Asian region.

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