Charter Capital Corporation

Industry: Financial Services

Main business locations: Worldwide

Registered Address:
Charter Capital Corporation
PO Box 119
Road Town, Tortola
British Virgin Islands

Registration number: 491446

About the BVI company:

Charter Capital Corporation (CFX) provides comprehensive services to foreign exchange market participants. These services include:

• Introducing Brokers.
• Trading Managers. The CFX trading system is tailored to meet the needs of traders managing multiple accounts from one screen.
• Physical Delivery. CFX offers physical delivery of currencies in sizes of $50,000 and higher.
• Metals Trading. CFX offers an efficient means of trading spot gold and silver online.
• Online Forex Trading.

Important: While we believe the people behind any BVI company to be honest and ethical, we recommend you do your own due diligence relating to any specific claims or promises made in the online offers. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them.

Corvus Capital Inc

Industry: Financial Services

Main business locations: Worldwide

Registered Office:
Palm Chambers
PO box 119
Road Town
Tortola
British Virgin Islands

Financial highlights (2006):
Assets: 36,152,000 £
Share capital:
- Authorised Ordinary shares of 5p each: 400,000,000
- Allotted, called up, and fully paid Ordinary shares of 5p each: 262,892,500
Basic return per share: 4.13p
Diluted return per share: 3.98p

Auditors: Grant Thornton UK LLP

Solicitors: Fladgate Fielder

Main shareholders:
OMX Securities Nominees Limited (10.74%)
Brewin Nominees (Channel Islands) Limited (6.54%)
Lehman Brothers International (4.87%)
Man Financial Limited (3.81%)

100% owned subsidiaries:
Castello Strategy Limited (British Virgin Islands)
CVS Management Limited (England and Wales)
Corvus Management (Suisse) SA (Switzerland)
Swiss Investment Group AG (Switzerland)

About the BVI company:

Corvus Capital is an international investment management company, dealing with both strategic assets and trading business in a number of sectors on an international basis. Although the Company has no criteria to choose specific sectors for investing, at present it is focusing on the following sectors: Insurance; Investment; Consumer Goods; Engineering; Industrials; Leisure & Hotels; Health; Media & Entertainment; Natural Resources; Professional & Support Services; Retailing; Technology; Telecommunications; Utilities; Investee Companies and Management.

Over the last two years, Corvus' investments have been mainly focused in the United States, UK and Asian region. The company seeks potential investment opportunities in Europe, North America and Asia, and consolidates its position in the Republic of South Africa. Its equities and assets involved in the investment projects are worth in excess of US$750m. In the last eighteen months, Corvus has been an investor or co-investor in new and secondary issues in excess of US$50m.

Company's strategy is initial representing of investments by substantial shareholdings in investee companies to maximise the potential of returns to shareholders. Corvus also provides direct loans as financial support to investee companies, or stands as a guarantor to third party lenders.

UTV International Holdings Limited

The BVI holding company; subsidiary of UTV Software Communications Ltd.

Industry: Software Development

Main business locations: India, UK, USA

Registered Address:
Craigmuir Chambers,
PO Box 71, Road Town,
Tortola, British Virgin Islands

Parent company listed on: NYSE
Ticker: UTVSOF.NS

About the parent company:

UTV Software Communications Ltd. is Media & Entertainment Company located in India, with strong positions in 4 areas that include Motion Pictures, Broadcasting, TV Content and New Media (i.e. Animation and Gaming). The company has subsidiaries with offices across India, the UK and USA.

UTV Software Communications Ltd. has strategic relationships with 20th Century Fox, Walt Disney and Sony Pictures. The Company has large 3D Animated facilities located in Mumbai.

UTV Software Communications Ltd. is listed on the Mumbai Stock Exchange. The main company's subsidiaries are:

• United Entertainment Solutions Ltd., a company incorporated in 1997. Main business is post-production and SFX;
• UTV Communications (USA) LLC, incorporated in 2004. The company is working in the US market, in the areas of picture distribution, international co-productions, joint ventures in animation;
• UTV Communications (UK) Ltd., set up in 2004. The company's primary activity is the film distribution business in the UK;
• UTV Communication (Mauritius) Ltd. The company is set up in 2004, and its core business is film distribution in all parts of the world barring the US and UK.

Added: In 2006 UTV Software Communications Ltd. has sold its BVI holding company together with holding owned Antah UTV Multimedia & Communications SDN BHD to Media Footing SDN BHD.

OpenTV Corp.

Industry: Telecommunications

Main business locations: Japan, USA

Registered Address:
Insinger Trust (BVI) Limited
P.O. Box 438 Roadtown,
Tortola,
British Virgin Islands

Registration number: 346535

Incorporation date: 2000

Delaware incorporated daughter company listed on: NASDAQ
Ticker: OPTV

Legal Advisors on BVI law: Harney Westwood & Riegels

About the BVI company:

BVI registered OpenTV Corporation is the majority shareholder of the Delaware incorporated OpenTV Inc. Employees of OpenTV Inc. in accordance to the Employee Stock Purchase Plan are co-owners of OpenTV Corporation. This way the British Virgin Islands Company is used both as a holding company and corporate vehicle for employee benefit program.

OpenTV Inc. is the provider of solutions for the delivery of digital and interactive television. The company powers advanced digital television, including PVRs, VOD, IPTV, HDTV, MPEG4, Flash, etc.; participation television, a modular solution for a truly cross-platform, interactive experience; games and gaming services.

Company's headquarters is located in San Francisco, California, with offices worldwide, and is traded on the NASDAQ stock exchange under the symbol OPTV.

China Mobile Hong Kong (BVI) Limited

Industry: Telecommunications

Main business locations: China

Registered Address:
P.O. Box 957,
Offshore Incorporations Centre,
Road Town, Tortola,
British Virgin Islands

Registration number: 244168

Subsidiary (China Mobile Limited) listed on: NYSE
Ticker: CHL

Market Capitalization of subsidiary (China Mobile Limited): 184.98 billion US dollars

Auditors: KPMG

Legal Advisors:
Linlaters
Sullivan & Cromwell LLP

Main shareholders:
China Mobile (Hong Kong) Group Limited

About the BVI company:

China Mobile Hong Kong (BVI) Ltd. is majority shareholder of Chine Mobile Limited holding an equity interest of approximately 74.57 per cent of this Chinese wireless communications giant. The remaining 24.43% equity interest of the company is held by public investors. China Mobile Hong Kong (BVI) Ltd. is owned by China Mobile (Hong Kong) Group Limited. Indirectly through Chine Mobile Limited, the China Mobile Hong Kong (BVI) Ltd. is owning also the following Chinese, BVI and Cayman Islands companies:

• Guangdong Mobile (China) (Mobile telecommunications operator)
• China Mobile Group Zhejiang Co., Ltd. (Mobile telecommunications operator)
• Jiangsu Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Jiangsu Co., Ltd. (Mobile telecommunications operator)
• Fujian Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Fujian Co., Ltd. (Mobile telecommunications operator)
• Henan Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Henan Co., Ltd. (Mobile telecommunications operator)
• Hainan Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Hainan Co., Ltd. (Mobile telecommunications operator)
• Beijing Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Beijing Co., Ltd. (Mobile telecommunications operator)
• Shanghai Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Shanghai Co., Ltd. (Mobile telecommunications operator)
• Tianjin Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Tianjin Co., Ltd. (Mobile telecommunications operator)
• Hebei Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Hebei Co., Ltd. (Mobile telecommunications operator)
• Liaoning Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Liaoning Co., Ltd. (Mobile telecommunications operator)
• Shandong Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Shandong Co., Ltd. (Mobile telecommunications operator)
• Guangxi Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Guangxi Co., Ltd. (Mobile telecommunications operator)
• Anhui Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Anhui Co., Ltd. (Mobile telecommunications operator)
• Jiangxi Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Jiangxi Co., Ltd. (Mobile telecommunications operator)
• Chongqing Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Chongqing Co., Ltd. (Mobile telecommunications operator)
• Sichuan Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Sichuan Co., Ltd. (Mobile telecommunications operator)
• Hubei Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Hubei Co., Ltd. (Mobile telecommunications operator)
• Hunan Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Hunan Co., Ltd. (Mobile telecommunications operator)
• Shaanxi Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Shaanxi Co., Ltd. (Mobile telecommunications operator)
• Shanxi Mobile Communication (BVI) Limited (Investment holding company)
• China Mobile Group Shanxi Co., Ltd. (Mobile telecommunications operator)
• Neimenggu Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Neimenggu Co., Ltd. (Mobile telecommunications operator)
• Jilin Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Jilin Co., Ltd. (Mobile telecommunications operator)
• Heilongjiang Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Heilongjiang Co., Ltd. (Mobile telecommunications operator)
• Guizhou Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Guizhou Co., Ltd. (Mobile telecommunications operator)
• Yunnan Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Yunnan Co., Ltd. (Mobile telecommunications operator)
• Xizang Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Xizang Co., Ltd. (Mobile telecommunications operator)
• Gansu Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Gansu Co., Ltd. (Mobile telecommunications operator)
• Qinghai Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Qinghai Co., Ltd. (Mobile telecommunications operator)
• Ningxia Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Ningxia Co., Ltd. (Mobile telecommunications operator)
• Xinjiang Mobile (BVI) Limited (Investment holding company)
• China Mobile Group Xinjiang Co., Ltd. (Mobile telecommunications operator)
• Beijing P&T Consulting & Design Institute (BVI) Limited (Investment holding company)
• China Mobile Group Design Institute Co., Ltd. (Mobile telecommunications supporting services)
• China Mobile Communication (BVI) Limited (Investment holding company)
• China Mobile Communication Co., Ltd. (Mobile telecommunications supporting services)
• China Mobile Holding Company Limited (China) (Investment holding company)
• China Mobile (Shenzhen) Limited (Roaming clearance services)
• Aspire Holdings Limited (Cayman Islands) (Investment holding company)
• Aspire (BVI) Limited (Investment holding company)
• Aspire Technologies (Shenzhen) Limited (China) (Technology development)
• Aspire Information Network (Shenzhen) Limited (China) (Mobile telecommunications supporting services)
• Aspire Information Technologies (Beijing) Limited (Technology development)
• Fujian FUNO Mobile Communication Technology Company Limited (China) (Mobile telecommunications supporting services)
• Advanced Roaming & Clearing House Limited (British Virgin Islands) (Roaming clearance services)
• Fit Best Limited (British Virgin Islands) (Investment holding company)
• Peoples Telephone (Hong Kong) (Mobile telecommunications services)

Source: China Mobile Limited Annual Report 2006

As we can see from the company list, the most mobile telecommunications operating companies are paired with BVI investment holding companies. This is quite prominent example of BVI company use as investment holding company. 30 Chinese mobile telecommunications operators are owned through 30 BVI investment holding companies, and another 3 BVI investment companies as well as Chinese and Cayman Islands holding company are used in the structure.

As of 31 December 2006, China Mobile Group had a Mainland China market share of approximately 67.5%. The Group's GSM global roaming services covered 219 countries and regions, and its GPRS roaming services covered 138 countries and regions.

In 2006, the Company was once again chosen by Financial Times as one of the “FT Global 500”, and was included it the list of “The World's 2000 Biggest Public Companies” by Forbes magazine.