| 1 A.D.S. PHILIPPINES CORPORATION |
| 2 ACCUFORM, INC |
| 3 AGILITY SOLUTIONS, INC. |
| 4 ALTA MODE, INC. |
| 5 APOLLO SUN CORPORATION |
| 6 ATOMED CEBU, INC. |
| 7 BARY'S INDUSTRIAL CORPORATION |
| 8 BP DENTAL INSTRUMENTS CORPORATION |
| 9 CEBU MARINE FURNISHING INDUSTRIES, INC. |
| 10 CEBU MOLD TECHNOLOGY, INC. |
| 11 CEBU SARAH, INC. |
| 12 CEBU TOYO CORPORATION |
| 13 DELFINGEN PH - FILIPINAS, INC |
| 14 DIJKSMAN.COM ASIA, INC. |
| 15 DRAKA PHILIPPINES, INCORPORATED |
| 16 FUTURA GROUP CORPORATION |
| 17 GOOD ENTERPRISE CORPORATION |
| 18 GREENWOOD HOME DECOR, INC. |
| 19 HANOVER HOLDINGS CO., INC. |
| 20 HEADWAY CAPS INTERNATIONAL CO., INC. |
| 21 HIDEKA MANUFACTURING CORPORATION |
| 22 INA MICRO OPTO CORPORATION |
| 23 ITALINVEST DEVELOPMENT CORPORATION |
| 24 KGS PHILIPPINES CORPORATION |
| 25 KOSHIN PHILIPPINES CORPORATION |
| 26 KY POLYMER CORPORATION |
| 27 LEXMARK INTERNATIONAL (PHILIPPINES), INC. |
| 28 MACTAN ENERZONE CORPORATION |
| 29 MAKOTO METAL TECHNOLOGY, INC. |
| 30 MATLUSTER CORPORATION |
| 31 MERASENKO CORPORATION |
| 32 NGA DEVELOPMENT CORPORATION |
| 33 NKC MANUFACTURING PHILIPPINES CORPORATION |
| 34 OPINIONOLOGY PHILIPPINES, INC. |
| 35 OUROKU CORPORATION |
| 36 OUROKU CORPORATION (Warehousing Division) |
| 37 PAN-PHIL SPORTSWEAR, INC. |
| 38 PASSEPARTOUT PHILIPPINES, INC. |
| 39 PAUL DECO INDUSTRIAL CORPORATION |
| 40 PAUL YU PHILIPPINES CORPORATION |
| 41 PHILIPPINE IINO CORPORATION |
| 42 PHILIPPINE POTENTATE INDUSTRIAL CORPORATION |
| 43 PRIMARY PROPERTIES CORPORATION |
| 44 QUEST DENTAL MATERIAL CORPORATION |
| 45 SATURN INTERNATIONAL DESIGN AND DEVELOPMENT CORPORATION |
| 46 SAWO, INC. |
| 47 SCARBOROUGH FINE FURNITURE, INC. |
| 48 SHIM CEBU METAL PLATING CORPORATION |
| 49 SPORTS ROYAL, INC. |
| 50 TAMIYA (PHILIPPINES), INC. |
| 51 TERADYNE PHILIPPINES LTD. |
| 52 TWTX CORPORATION |
| 53 YAMAKI PHILIPPINES CORPORATION |
| 54 YAMASHIN CEBU FILTER MFG. CORPORATION |