Kasar Fishing Corporation is a joint venture incorporated by New Eikyu Gyogyo Co., Ltd and the National Fisheries Corporation, with equity share of 75% and 25%, respectively, was incorporated on April 28, 2009 in the Federated States of Micronesia with a share capital of $300,000. The Corporation is primarily engaged in the purse seine fishing business. New Eikyu Gyogyo Co., Ltd (“NEG”), the original majority shareholder of the Corporation, entered into a share purchase agreement with Koo’s Fishing Limited on August 25, 2014. The aforementioned share transfer had been completed on August 31, 2016, thereafter, Koo’s Fishing Company turns into the shareholder of the Corporation, with interest of 75%.