AFFILIATES

Subsidiaries and Affiliates

San Nopco (Shanghai) Trading Co., Ltd.

Established 2003
Head office Shanghai, China
Business Technical services and sales of products of SAN NOPCO LIMITED, San Nopco (Korea) Limited., and Sanyo Kasei (Nantong) Co., Ltd.
Capital 400,000 USD (100% owned)
Contact Room 503, Jin Zhong Bldg., No.680 Zhao Jia Bang Rd., Shanghai 200031, China
Tel: +86-21-6466-2391 Fax: +86-21-6466-2393

DaXiang International Trading (Shanghai) Co., Ltd.

Established 2003
Head office Shanghai, China
Business Official distributor of SAN NOPCO LIMITED and Sanyo Kasei (Nantong) Co., Ltd. in China for paint and coating materials
Capital 200,000 USD (100% owned)
Contact Room 505, Jin Zhong Bldg., No.680 Zhao Jia Bang Rd., Shanghai 200031, China
Tel: +86-21-6445-6920 Fax: +86-21-6445-9114

San Nopco (Korea) Limited

Established 1987
Head office Seoul, Korea
Business Production and sales of chemicals for construction materials, cement, mortar, paper, and paint
Capital 1.2 billion KRW (49% owned), Mr. Son (51%)

Parent Company

Sanyo Chemical Industries, Ltd.

Established 1949
Head office Kyoto, Japan
Business Production and sales of performance chemicals
Capital 13, 051 million JPY
Stock Exchanges Tokyo