HAMS Endorsement Statement:
JAFCO Investment (Hong Kong) Ltd

We are most pleased to confirm our organisation's endorsement of the HAMS initiative. We have always been a strong supporter of good corporate governance practice in Hong Kong and elsewhere.

Our company, JAFCO Investment (Hong Kong) Ltd, is a venture capital firm investing in established, well-managed companies and promising young enterprises with high-growth potential in the Asia Pacific region. We were first established in Singapore in March 1990 as a joint venture between JAFCO Co., Ltd. and The Nomura Securities Co., Ltd. JAFCO has operations in Japan, Europe, America & the U.S.A., and remains an integral part of the Nomura Group network.

Over the past decade we have established eight JAFCO Asia offices in the region and currently manage seven private equity funds of about US$850 million.