Joint Venture Company

ESPEC (Malaysia) Sdn Bhd
No.10-1, Jalan Dagang SB 4/2,
Taman Sg.Besi Indah,
43300 Seri Kembangan, Selangor.

Equity:
ESPEC CORP., Japan                            70%
CLMO Technology Sdn Bhd                 30%

Incorporation Date:                   June 24,1997