SUBSIDIARIES

SUBSIDIARIES OF PHI GROUP

1 Abundant Farms, Inc.
A Florida corporation
Percentage of ownership: 100%
Business activity: Agriculture

 

2 American Pacific Plastics, Inc.
A Wyoming corporation
Percentage of ownership: 100%
Business activity: Plastics film manufacturing, holding company for Vinafilms JSC.

 

3 American Pacific Resources, Inc.
A Wyoming corporation
Percentage of ownership: 100%
Business activity: Mining & natural resources.

 

4 American Saigon Palace Group, Inc.
A Wyoming corporation
Percentage of ownership: 100%
Business activity: Real estate & hospitality.

 

5 ComMatrix, Inc.
A Wyoming corporation
Percentage of ownership: 100%
Business activity: Telecommunication, holding company for Gridline Communications, Inc. (inactive)

 

6 PHI Capital Holdings, Inc.
A Wyoming corporation
Percentage of ownership: 100%
Business activity: Consulting and M&A advisory services.

 

7 PHI Luxembourg Development S.A.
A Luxembourg company
Percentage of ownership: 100%
Business activity: Mother holding company for Luxembourg bank funds.

 

8 PHI VIETNAM INVESTMENT AND DEVELOPMENT LTD.
A Vietnamese limited liability company
Percentage of ownership: 100%
Business activity: Investment and Consulting Services.

 

9 PHI EZ Water Tech, Inc.
A Wyoming corporation
Percentage of ownership: 75%
Business activity: Water treatment technology (inactive).

 

10 PHIVITAE Corporation
A Wyoming corporation
Percentage of ownership: 100%
Business activity: healthcare (inactive).