Global Undiscovered Gems With Strong Fundamentals

AINAVO HOLDINGSLtd

Market Cap: JP¥18.7b

Engages in the single-family home and large property businesses.

Nichimo

Market Cap: JP¥21.7b

Primarily manufactures and sells fish products in Japan and internationally.

Group Up Industrial

Market Cap: NT$17.2b

Manufactures and trades in general boxed-shaped equipment in Taiwan, China, and internationally.

Trinity Industrial

Market Cap: JP¥19.3b

Designs, manufactures, sells, and installs coating plants, machinery, and industrial equipment in Japan.

SBI Insurance Group

Market Cap: JP¥39.1b

Provides various insurance products in Japan.

Taisei Lamick Group Head Quarter & InnovationLtd

Market Cap: JP¥16.2b

Taisei Lamick Group Head Quarter & Innovation Co.,Ltd.

A-1

Market Cap: ₹10.4b

Engages in the trading of various chemicals and acid products in India and internationally.

Khazanchi Jewellers

Market Cap: ₹14.6b

Manufactures, designs, and sells crafted jewelry products in India.

Heubach Colorants India

Market Cap: ₹13.7b

Engages in the manufacture and sale of specialty chemicals in India and internationally.

Evergreen International Storage & Transport

Market Cap: NT$35.7b

Provides inland container transport and container terminal operations in Taiwan, America, and internationally.

MSTC

Market Cap: ₹34.0b

Engages in marketing, e-commerce, and scrap recovery and allied job businesses primarily in India.

Summit Securities

Market Cap: ₹24.5b

A non-banking financial company, engages in investment and financial activities.

InfoBeans Technologies

Market Cap: ₹14.8b

Designs, builds, and manages digital applications in the United Arab Emirates, Germany, India, the United States, and internationally.

NANYO

Market Cap: JP¥16.4b

Operates as a general machinery trading company in Japan and internationally.

Muramoto Electron (Thailand)

Market Cap: ฿4.6b

Manufactures and sells metal and plastic parts for audio/visual equipment, and electronic equipment for automobiles and office automation appliances in Thailand, Japan, the United States, and internationally.

Atok-Big Wedge

Market Cap: ₱11.2b

Engages in the exploration, development, and mining oil, gas, and other natural resources in the Philippines.

BLS International Services

Market Cap: ₹152.5b

Provides outsourcing and administrative task of visa, passport, and consular services to various diplomatic missions.

AXISCADES Technologies

Market Cap: ₹58.2b

Operates as an engineering solutions company in Europe, the United States, the Asia Pacific, and Canada.

CFF Fluid Control

Market Cap: ₹12.6b

Manufactures, overhauls, repairs, and maintains shipboard machinery, combat systems, reference, and test facilities for submarines and surface ships for Indian navy.

Keepers Holdings

Market Cap: ₱37.4b

An investment holding company, engages in the liquor, wine, and specialty beverage distribution business in the Philippines.

Beijing Yupont Electric Power Technology

Market Cap: CN¥2.4b

Beijing Yupont Electric Power Technology Co., Ltd.

Kedge Construction

Market Cap: NT$10.3b

Kedge Construction Co., Ltd. constructs, develops, leases, and sells housing and building properties in Taiwan.

Zhangjiagang Furui Special Equipment

Market Cap: CN¥4.3b

Zhangjiagang Furui Special Equipment Co., Ltd.

Greatek Electronics

Market Cap: NT$34.1b

Provides semiconductor assembly and testing services in Taiwan, Asia, America, Europe, and Africa.

AYER Holdings Berhad

Market Cap: RM 501.5m

Engages in property development and plantation businesses in Malaysia.

Focus Systems

Market Cap: JP¥24.0b

Operates as an IT-related company in Japan.

Victoria Investama

Market Cap: Rp2.8t

Provides investment and financial services in Indonesia.

Taneja Aerospace and Aviation

Market Cap: ₹10.0b

Operates in aerospace and aviation business in India.

CHC Resources

Market Cap: NT$17.8b

Manufactures and supplies construction materials in Taiwan.

Tigers Polymer

Market Cap: JP¥19.4b

Manufactures and sells rubber hoses, sheets, and molded products primarily to automotive, electrics, construction and housing, and industrial materials markets in Japan, Southeast Asia, the Americas, and China.

Chen Hsong Holdings

Market Cap: HK$1.1b

An investment holding company, engages in the manufacture and sale of plastic injection molding machines and related products in Mainland China, Hong Kong, Taiwan, and internationally.

Tamilnadu Petroproducts

Market Cap: ₹9.5b

Manufactures and sells petrochemical products in India.

Zhejiang Jindun Fans

Market Cap: CN¥5.4b

Engages in the research and development, production, and sale of ventilation system equipment in China.

Shinkong Textile

Market Cap: NT$15.9b

Engages in the production and sale of various synthetic fibers, fabrics, and finished fabrics in Taiwan and internationally.

MEISEI INDUSTRIALLtd

Market Cap: JP¥77.3b

Operates as a construction works company in Japan and internationally.

Audix

Market Cap: NT$6.7b

Manufactures, markets, trades in, and distributes electronic components in Taiwan.