| PARTICULARS OF SUBSIDIARIES OF THE COMPANY |
35.PARTICULARS OF SUBSIDIARIES OF THE COMPANY Details of the major subsidiaries directly and indirectly held by the Company are set out below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Place of | | | | | | | | | | | | | incorporation/ | | | | | | | | | | | | | establishment | | | | Proportion ownership interest and | | | | | and principal | | Issued and fully paid | | voting power held by the Company as at | | | | | place of | | ordinary share capital/ | | December 31, | | December 31, | | December 31, | | Principal | Name of subsidiaries | | business | | registered capital | | 2023 | | 2024 | | 2025 | | activities | | | | | | | % | | % | | % | | | Singapore Super Hi Dining Pte. Ltd. | | Singapore | | Ordinary share capital SGD10,117,416 | | 100% | | 100% | | 100% | | Wholesale and Food Manufacturing | Haidilao International Treasury Pte. Ltd. | | Singapore | | Ordinary share capital SGD1,000,000 | | 100% | | 100% | | 100% | | Financial management | Singapore Hiseries Pte. Ltd. | | Singapore | | Ordinary share capital SGD3,000,000 | | 100% | | 100% | | 100% | | Restaurant operation | Singapore Hai Di Lao Dining Pte. Ltd. | | Singapore | | Ordinary share capital SGD3,000,000 | | 100% | | 100% | | 100% | | Restaurant operation | HDL Management USA Corporation | | USA | | Ordinary share capital USD5,970,005 | | 100% | | 100% | | 100% | | Management consultation | Haidilao Catering (U.S.A.) Inc. | | USA | | Ordinary share capital USD10,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Restaurant California Inc. | | USA | | Ordinary share capital USD2,000,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Restaurant Group, Inc. | | USA | | Ordinary share capital USD10,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Industry Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haute Hotpots Corporation | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation |
| | | | | | | | | | | | | | | Place of | | | | | | | | | | | | | incorporation/ | | | | | | | | | | | | | establishment | | | | Proportion ownership interest and | | | | | and principal | | Issued and fully paid | | voting power held by the Company as at | | | | | place of | | ordinary share capital/ | | December 31, | | December 31, | | December 31, | | Principal | Name of subsidiaries | | business | | registered capital | | 2023 | | 2024 | | 2025 | | activities | | | | | | | % | | % | | % | | | Haidilao Hot Pot Century City Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Fremont Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Seattle, Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Bellevue Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Houston Inc. | | USA | | Ordinary share capital USD150,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Chicago Inc. | | USA | | Ordinary share capital USD150,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Dallas Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Jersey City Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Daly City Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot San Diego Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot Las Vegas, Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hotpot Arizona Inc. | | USA | | Ordinary share capital USD500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Japan Co., Ltd. | | Japan | | Ordinary share capital JPY50,000,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Korea Co., Ltd. | | South Korea | | Ordinary share capital KRW6,285,740,000 | | 100% | | 100% | | 100% | | Restaurant operation | Hai Di Lao Sydney Proprietary Limited | | Australia | | Ordinary share capital Australian Dollar (“AUD”) 3,500,001 | | 100% | | 100% | | 100% | | Restaurant operation | Hai Di Lao Melbourne Proprietary Limited | | Australia | | Ordinary share capital AUD1 | | 100% | | 100% | | 100% | | Restaurant operation | U.K. Haidilao Pte. Ltd. | | UK | | Ordinary share capital Great British Pound 500,000 | | 100% | | 100% | | 100% | | Restaurant operation | Hai Di Lao Canada Restaurants Group Ltd. | | Canada | | Registered capital Canadian Dollar (“CAD”) 17,000,100 | | 100% | | 100% | | 100% | | Restaurant operation |
| | | | | | | | | | | | | | | Place of | | | | | | | | | | | | | incorporation/ | | | | | | | | | | | | | establishment | | | | Proportion ownership interest and | | | | | and principal | | Issued and fully paid | | voting power held by the Company as at | | | | | place of | | ordinary share capital/ | | December 31, | | December 31, | | December 31, | | Principal | Name of subsidiaries | | business | | registered capital | | 2023 | | 2024 | | 2025 | | activities | | | | | | | % | | % | | % | | | Hai Di Lao Malaysia Sdn.Bhd. | | Malaysia | | Ordinary share capital Malaysian Ringgit (“MYR”) 6,000,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao International Food Services Malaysia Sdn Bhd | | Malaysia | | Ordinary share capital MYR6,000,000 | | 100% | | 100% | | 100% | | Wholesale and Food Manufacturing | Hai Di Lao Vietnam Holdings Company Limited | | Vietnam | | Ordinary share capital USD1,000,000 | | 100% | | 100% | | 100% | | Restaurant operation | PT Haidilao Indonesia Restaurants | | Indonesia | | Ordinary share capital Indonesian Rupiah (“IDR”) 35,000,000,000 | | 100% | | 100% | | 100% | | Restaurant operation | Hai Di Lao Proprietary (Thailand) Limited | | Thailand | | Ordinary share capital Thai Baht 122,448,980 | | 98.97% | | 98.97% | | 98.97% | | Restaurant operation | New Super Hi (Xi’an) Management Consulting Co., Ltd. (Note i) | | The PRC | | Ordinary share capital USD7,000,000 | | 100% | | 100% | | 100% | | Management consultation | Hai Di Lao UAE Restaurant L.L.C | | United Arab Emirates | | Ordinary share capital United Arab Emirates Dirham 300,000 | | 100% | | 100% | | 100% | | Restaurant operation | HAIDILAO Philippines Restaurant Corporation | | Philippines | | Ordinary share capital Philippine Peso 25,000,000 | | 100% | | 100% | | 100% | | Restaurant operation | HN&T | | USA | | Registered capital N/A | | 80% | | 80% | | 80% | | Restaurant operation | Hai Di Lao Huo Guo (Cambodia) Co., Ltd | | Cambodia | | Ordinary share capital Cambodian Riel 200,000,000 | | 100% | | 100% | | 100% | | Restaurant operation | Haidilao Hot Pot MA Inc. | | USA | | Ordinary share capital USD500,000 | | N/A | | 100% | | 100% | | Restaurant operation | Haidilao Hotpot GA Inc. | | USA | | Registered capital USD500,000 | | N/A | | 100% | | 100% | | Restaurant operation |
At the end of the reporting period, the Company has other subsidiaries that are not material to the Group. All subsidiaries in the Group are limited liability companies and have adopted December 31 as their financial year end date. Notes: | i. | This subsidiary is a wholly foreign owned enterprise with limited liability established in the PRC. |
| ii. | None of the subsidiaries had issued any debt securities at the end of each year. |
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