As of December 31, 2025, the Company’s subsidiaries are as follows:
| | | | | | | Percentage of | | | | | | | | | direct/indirect | | | | | Date of | | Jurisdiction of | | Economic | | | Subsidiaries | | Incorporation | | Formation | | Ownership | | | Yu He Chuang Co., Ltd (“YHC HK”) | | April 1, 2025 | | Hong Kong | | | 100.00 | % | | Chuang Yu He (Shanghai) Industrial Co., Ltd. (“CYH Shanghai”) | | June 12, 2025 | | Shanghai | | | 100.00 | % | | Hangzhou Zhihuichong Technology Co., Ltd. (“Hangzhou ZHC”) | | November 20, 2025 | | Zhejiang | | | 90.00 | % | | Jiaxing Xuchen Technology Co., Ltd. (“Jiaxing XC”) | | September 9, 2025 | | Zhejiang | | | 100.00 | % |
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