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PHONEX COMMUNICATIONS INC.

Based in Shibuya, Tokyo, PHONEX COMMUNICATIONS is engaged in networking and technology licensing business, and planning, developing, and managing mobile internet content. PHONEX will dedicate itself to a wide variety of business opportunities in cooperation with New Business Development Department of TOSE.

TOSE SOFTWARE (SHANGHAI) CO., LTD.

TOSE SOFTWARE (SHANGHAI) CO. LTD. was established in 1993 as TOSE's subsidiary in order to acquire more engineering talent from rich human resource in China to further bolster TOSE's game software development capabilities. As game software development is becoming large-scale and requiring advanced technologies, TOSE SHANGHAI's contribution in development work is much expected. Supported by know-how that TOSE has been accumulating, TOSE SHANGHAI will continue to be open for new business opportunities such as development of online games, which is very popular in China market.

TOSE SOFTWARE (HANGZHOU) CO., LTD.

Hangzhou, Zhejiang Province, China is internationally known for not only its historical and cultural background, but also known as high-tech industry development area with many top-class universities. Founded in 2001 as the second development site in China, TOSE HANGZHOU, has acquired brilliant designers who are dedicating themselves to designing work for TOSE's game software and mobile content development.

TOSE SOFTWARE USA, INC.

TOSE SOFTWARE USA was established in March, 2003, in Westlake Village, California, just outside of Los Angels. TOSE USA serves as the base for North America, receiving orders from publishers in the center of the entertainment industry, in cooperation with development studios in Japan and China.

TOSE OKINAWA, INC.

TOSE OKINAWA was established in December 2006, in Naha, Okinawa. While working on various projects commissioned from its parent company TOSE, TOSE OKINAWA is currently working on bolstering technological capabilities in order to prepare for receiving orders from clients directly in the future.