Name

Background

Effective ownership

iOThree Maritime Technologies Limited (“iO3 BVI”)

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British Virgin Islands company

100% owned by iOThree Cayman

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Incorporated on August 21, 2023

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Issued and outstanding 1,000 ordinary shares for US$1,000

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Investment holding

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Provision of investment holding

iO3 Pte. Ltd. (“iO3 Singapore”)

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Singaporean company

100% owned by iO3 BVI

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Incorporated on February 19, 2019

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Issued and outstanding 147,360 ordinary shares for US$802,137

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Satellite communications and software