Development Business

Name of Company	PIXEL ESTATE INC.
Address	Roppongi Annex 5F, 6-7-6 Roppongi, Minato-ku, Tokyo, 106-0032
Representative Director	Yoshida Hiroaki
Founded	April 1994
Capital	65,000,000 yen（a wholly-owned subsidiary of PIXEL COMPANYZ）
Primary Business	Development, holding and sales of real estates such as resort properties Developing, constructing, purchasing, and selling solar power generation facilities

Entertainment Business

Name of Company	PIXEL GAMES INC.
Address	Roppongi Annex 5F, 6-7-6 Roppongi, Minato-ku, Tokyo, 106-0032
Representative Director	Yoshida Hiroaki
Founded	February 2016
Capital	77,500,000 yen (a wholly-owned subsidiary of PIXEL COMPANYZ）
Primary Business	Developing, producing, selling, exporting, and maintaining casino gaming machines Integrated Resort-Related Businesses

System Innovation Business

Name of Company	PIXEL Solutions Inc.
Address	Roppongi Annex 5F, 6-7-6 Roppongi, Minato-ku, Tokyo, 106-0032
Representative Director	Masui Koji
Founded	November 2007
Capital	35,500,000 yen（a wholly-owned subsidiary of PIXEL COMPANYZ）
Primary Business	Providing consultations for host, server, and client systems as well as system development.

Businesses Overseas

Name of Company	Hybrid International Trading (Shanghai) Co., Ltd.
Address	Room 375, 3F, Number 78, Free trade test zone tai gu lu, Shanghai, China
Representative Director	Anabuki Yuji
Founded	October 2003
Capital	$1,000,000 USD（a wholly-owned subsidiary of PIXEL COMPANYZ）
Primary Business	Strategic investing in overseas businesses

Name of Company	HYBRID (HK) Co., LIMITED
Address	Office K, 15/F.MG Tower, No.133 Hoi Bun Road, Kwun Tong, Kowlooon, Hong Kong
Representative Director	Yoshida Hiroaki
Founded	August 2007
Capital	$10,000 HKD（a wholly-owned subsidiary of PIXEL COMPANYZ）
Primary Business	System development and business consulting business