| Schedule of Subsidiaries |
As of December 31, 2024, the details of the Company’s
subsidiaries are as follows.
| Name | | Date of
Incorporation | | Place of
incorporation | | Percentage of
ownership | | Principal
Activities | | ICONIQ | | March 11, 2021 | | Cayman Islands | | 100% | | Investment holding | | FZCO | | March 22, 2022 | | Dubai | | 100% | | Business management, operations, commercialization | | NWTN Technology USA INC. | | October 20, 2022 | | USA | | 100% | | Investment holding | | NWTN Automobile Cars Trading Sole Proprietary LLC | | February 23, 2023 | | Dubai | | 100% | | Vehicle wholesale and retail | | NWTN Technologies Industries Solo Proprietorship L.L.C. | | November 22, 2022 | | Dubai | | 100% | | Business management, operations, commercialization | | ICONIQ Motors Limited | | March 24, 2021 | | British Virgin Islands | | 100% | | Investment holding | | ICONIQ Global Limited | | April 28, 2021 | | Hong Kong, PRC | | 100% | | Investment holding | | Suez Top Ventures Limited | | November 25, 2021 | | Hong Kong, PRC | | 100% | | Investment holding | | ICONIQ (Tianjin) Investment Co. Ltd (“WFOE”) | | July 15, 2021 | | PRC | | 100% | | Investment holding | | ICONIQ (Tianjin) Motors Co., Ltd. | | August 11, 2021 | | PRC | | 100% | | Investment holding | NWTN (Zhejiang) Motors Limited
(“NWTN Zhejiang”) | | June 14, 2022 | | PRC | | 100% | | Business management, operations, commercialization | | NWTN Smart Motors Shenzhen New Technology Limited | | December 30, 2022 | | PRC | | 100% | | Technology development | | Tianqi Group | | September 5, 2016 | | PRC | | 95.88% | | Design and technology development | | Shanghai Zunyu Automobile Sales Co., Ltd. (“Shanghai Zunyu”) | | December 27, 2014 | | PRC | | 99.31% | | Vehicle wholesale and retail | | Shanghai ICONIQ New Energy Development Co., Ltd. (“Shanghai ICONIQ”) | | April 25, 2014 | | PRC | | 95.88% | | Technology development | Tianjin Tianqi New Energy
Automobile Co., Ltd. (“Tianjin Tianqi”) | | December 7, 2018 | | PRC | | 95.88% | | Technology development | | East Stone | | August 9, 2018 | | BVI | | 100% | | Investment holding |
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