Details of principal subsidiaries as at 31 December 2018, all of which are consolidated, are as follows:

Proportion
of Ownership
2018
Proportion
of Ownership
2017
Name of subsidiaryPlace of incorporation/
ownership (or registration)
and operation
(%)(%)Statutory Auditor of subsidiaries
XP Power PlcUK100100PricewaterhouseCoopers LLP
XP PLCUK100100PricewaterhouseCoopers LLP
XP Power Holdings LimitedUK100100PricewaterhouseCoopers LLP
XP Power AGSwitzerland100100Karpf Treuhand & Revisions AG
Powersolve Electronics Limited*UK89.989.9PricewaterhouseCoopers LLP
XP Power SrlItaly100100Exempted to be audited by local statutory law
XP Power ApSDenmark100100Bierholm
XP Power Sweden ABSweden100100Rodl & Partner Nordic AB
XP Power BVHolland100100Exempted to be audited by local statutory law
XP Power GmbHGermany100100Exempted to be audited by local statutory law
XP Power SAFrance100100Deloitte
XP Power Norway ASNorway100100BDO AS
XP Power International LimitedUK100100Exempted to be audited by local statutory law
Forx, Inc.Delaware100100Exempted to be audited by local statutory law
XP Power LLCUSA100100Exempted to be audited by local statutory law
XP Power (Shanghai) Co., LimitedChina100100Shanghai Jahwa CPAs
XP Power (Hong Kong) LimitedHK100100PricewaterhouseCoopers Limited
XP Power Singapore Holdings Pte LimitedSingapore100100PricewaterhouseCoopers LLP
XP Power (Vietnam) Co., LimitedVietnam100100PricewaterhouseCoopers (Vietnam) Limited
XP Power Singapore Manufacturing Pte. Ltd.Singapore100100PricewaterhouseCoopers LLP
XP Power (Israel) LtdIsrael100100Ernst and Young Solutions LLP
XP Power Japan K.K.Japan100100Exempted to be audited by local statutory law
Hanpower Co., LtdSouth Korea5151Exempted to be audited by local statutory law

* Refer to Note 20.