Upon
completion of the Reorganization, the Company’s subsidiaries are as follows:
| Subsidiaries | | Date of
Incorporation | | | Jurisdiction of
Formation | | Percentage of
direct/indirect
Economic
Ownership | | | Principal
Activities | | Fortune Ocean Holdings Limited (“Fortune Ocean”) | | | January 22, 2024 | | | British Virgin Islands (“BVI”) | | | 100 | % | | Investment Holding | | Top Wisdom Shipping Management Co., Limited (“Top Wisdom”) | | | February 1, 2013 | | | Hong Kong | | | 100 | % | | Vessel management services | | Top Moral Shipping Limited (“Top Moral”) | | | December 12, 2013 | | | Hong Kong | | | 100 | % | | Time charter service | | Top Legend Shipping Co., Limited (“Top Legend”) | | | March 6, 2013 | | | Hong Kong | | | 100 | % | | Time charter service | | Top Creation International (HK) Limited (“Top Creation”) | | | July 29, 2011 | | | Hong Kong | | | 100 | % | | Time charter service | | Max Bright Marine Service Co., Limited (“Max Bright”) | | | April 2, 2014 | | | Hong Kong | | | 100 | % | | Time charter service | | Singapore Openwindow Technology Pte. Ltd. (“Openwindow”) | | | July 28, 2023 | | | Singapore | | | 100 | % | | Process of pulp, paper and paperboard |
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