As of December 31, 2024, the Company’s
principal subsidiaries are as follows.
| | | Date of
incorporation/
acquisition | | Place of
incorporation | | Percentage of
direct or indirect
economic interest | | | Principal activities | | Main subsidiaries: | | | | | | | | | | | Dongrun Technology | | December 5, 2022 | | British Virgin Islands | | 100% | | | Investment holding | | LZ Digital | | November 30, 2022 | | Hong Kong | | 100% | | | Investment holding | | LZ Menhu | | January 13, 2023 | | PRC | | 100% | | | Investment holding | | Lianzhang Portal | | September 10, 2014 | | PRC | | 96.85% | | | Advertising and Technical service | | Xiamen Lianzhang Media Co., Ltd (“Xiamen Media”) | | October 05, 2014 | | PRC | | 96.85% | | | Advertising promotion service | | Lianzhang Media Co., Ltd | | January 16, 2018 | | PRC | | 96.85% | | | Advertising promotion service | | Xiamen Lianzhanghui Intelligent Technology Co., Ltd | | October 31, 2014 | | PRC | | 96.85% | | | Retail sales and sales of devices | | Xiamen Infinitism Internet Technology Co., Ltd | | August 16, 2021 | | PRC | | 96.85% | | | Retail sales and E-commerce promotion service | | Xiamen Finitism Internet Technology Co., Ltd | | April 7, 2022 | | PRC | | 96.85% | | | Retail sales and E-commerce promotion service | | Lianzhang Digital Technology (Xiamen) Co., Ltd | | May 6, 2023 | | PRC | | 96.85% | | | Retail sales and Tourism service | | Lianzhang New Community Construction and Development(Jiangsu) Co., Ltd | | June 21, 2018 | | PRC | | 77.48% | | | Retail sales and sales of devices |
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