SUBSIDIARIES

SPARX Asset Management Co., Ltd.

Address
Shinagawa Season Terrace 6F, 1-2-70 Konan,
Minato-ku, Tokyo 108-0075 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
Shinagawa Season Terrace 6F, 1-2-70 Konan,
Minato-ku, Tokyo 108-0075 JAPAN
Tel. +81-3-6711-9500
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
URL:http://www.sget.co.jp/

SPARX Asset Trust & Management Co., Ltd.

Address
Shinagawa Season Terrace 6F, 1-2-70 Konan,
Minato-ku, Tokyo 108-0075 JAPAN
Tel. +81-3-6711-9180
Fax. +81-3-6711-9199
Main Business
Asset management of real estate funds, consulting about fund arrangement and real estate brokerage
URL:http://www.sparxatm.com/

SPARX Asset Management Korea Co., Ltd.

Address
9th Floor, Jongno Tower, 51 Jongno, Jongno-gu, Seoul, 03161, South Korea
Tel.82-2-570-1600 / Fax.82-2-570-1690
Main Business
SPARX Asset Management Korea Co., Ltd. is managing and promoting the it's funds, which are investing in the listed companies in South Korea.
URL:http://www.sparxkorea.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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