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Nomura Asset Management Hong Kong Limited (herein after called "NAMHK"), established in February 1988, is a wholly-owned subsidiary of Nomura Asset Management Co., Ltd. (NAM) which holds 100% issued shares capital of 12,000,000 of HK$1 each. NAM dominates the Japanese investment trust industry and has long been active in the Asian securities market. NAMHK symbolizes the NAM Group's commitment to this region and in order to ensure that NAMHK's clients enjoy services of the highest quality, all members will cooperate fully and put every resource at NAMHK's disposal. Having established the subsidiary in Hong Kong, the Group is now fully represented in the Pacific Basin, the U.S.A. and Europe, and can offer twenty-four hour asset management. NAMHK is registered with the Securities and Exchange Commission in the U.S.A. as an investment adviser and is also registered with the Securities and Futures Commission of Hong Kong to carry out the following regulated activities:
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