MST-KBORON New materials Co., Ltd.

                   Established MST(China) Co., Ltd.

    

                   Established MST(Korea) Co., Ltd.

                   Established Shanghai Moon & Shen International Trading Co., Ltd.

                   Established MST Corporation(China)

                   Established DDC(MST) Shn., Bhd.

                   Established MST scholarship foundation

                   Established MST(USA) Inc.

                   Established Micro Science Tech Co., Ltd.

                   Founded Micro Science Technology (Former MST Holdings)