| Schedule of Company’s Subsidiaries |
As of March 31,
2025, the Company’s subsidiaries are as follows:
| Subsidiaries | | Date of
Incorporation | | Jurisdiction of
Formation | | Percentage of
direct/indirect
Economic
Ownership | | | Principal
Activities | | Hong Kong Jintaiyang International Education Holding Group Limited (“Golden Sun Hong Kong”) | | June 23, 2017 | | Hong Kong, PRC | | | 100 | % | | Investment Holding | | Golden Sun (SH) Cultural and Tourism Research Institute Limited (“Golden Sun (SH)”) | | April 3, 2023 | | Hong Kong, PRC | | | 100 | % | | Investment Holding | | Zhejiang Golden Sun Education Technology Group Co., Ltd. (“Golden Sun Wenzhou” or “WFOE”) | | October 24, 2018 | | PRC | | | 100 | % | | Education and management service | | Wenzhou City Ouhai District Yangfushan Culture Tutorial School (“Yangfushan Tutorial”) | | May 5, 2008 | | PRC | | | 100 | % | | Tutorial service | | Shanghai Golden Sun Gongyu Education Technology Co., Ltd. (“Gongyu Education”) (a) | | September 15, 2017 | | PRC | | | 100 | % | | Education and management service | | Shanghai Xianjin Technology Development Co., Ltd. (“Xianjin Technology”) (a) | | February 20, 2012 | | PRC | | | 85 | % | | Education service | | Shanghai Zhouzhi Culture Development Co., Ltd (“Zhouzhi Culture”) (a) | | December 11, 2012 | | PRC | | | 100 | % | | Tutorial service | | Hangzhou Jicai Education Technology Co. Ltd., (“Hangzhou Jicai”) (a) | | April 10, 2017 | | PRC | | | 100 | % | | Tutorial service | | Shanghai Yangpu District Jicai Tutorial School (“Shanghai Jicai”) (c) | | March 13, 2001 | | PRC | | | 100 | % | | Tutorial service | | Shanghai Hongkou Practical Foreign Language School (“Hongkou Tutorial”) (a) | | February 6, 2004 | | PRC | | | 76.5 | % | | Tutorial service | | Wenzhou Lilong Network Technology Co., Ltd. (“Lilong Network”) (b) | | December 17, 2019 | | PRC | | | 100 | % | | Education logistics and accommodation service | | Shanghai Qinshang Education Technology Co., Ltd (“Qinshang Education”) (a) | | December 12, 2019 | | PRC | | | 100 | % | | Educational training service | | Shanghai Fuyouyuan Health Technology Co., Ltd, (“Fuyouyuan”) (d) | | March 7, 2023 | | PRC | | | 100 | % | | Health business | | Shanghai Jinheyu Biotechnology Co., Ltd. (“Shanghai Jinheyu”) (a) | | August 15, 2023 | | PRC | | | 51 | % | | Health business | | Zhejiang Golden Sun Selection Technology Co., Ltd. (“Golden Sun Selection”) | | November 17, 2023 | | PRC | | | 100 | % | | E-commerce service | | Shanghai Fuyang Cultural and Tourism Development Co., Ltd. (“Fuyang”) | | September 5, 2024 | | PRC | | | 51 | % | | Cultural and Tourism |
| (a) | On
July 6, 2025, the Company’s PRC subsidiary, Golden Sun Wenzhou, signed an agreement with a third party to sell 100% equity interests
of its wholly-owned subsidiary, Gongyu Education, and its subsidiaries, for a total consideration of approximately $689,018 (RMB5,000,000).
The transaction was closed on July 21, 2025 (details refer to Note 4). |
| (b) | Lilong
Network formerly known as Wenzhou Lilong Logistics Services Co., Ltd., changed its name on June 19, 2025. |
| (c) | The
Company’s Board of Directors approved the cessation of business operations of Shanghai Jicai on September 7, 2023. The deregistration
was completed on December 9, 2024. |
| (d) | On
March 19, 2025, the other shareholder of Fuyouyuan transferred all of his equity interests to the Company for a price of nil, as Fuyouyuan
had not yet commenced operations. |
|