Details of the Company’s subsidiaries, which are included in
these unaudited consolidated financial statements as of March 31, 2026, are as follows:
| Name | | Domicile and
Date of
Incorporation | | Paid-in
Capital | | Ownership
Percentage | | | Principal Activities | | Zhongchai Holding (Hong Kong) Limited | | Hong Kong
April 23, 2009 | | HKD | 10,000 | | | 100 | % | | Holding | | Zhejiang Zhongchai Machinery Co., Ltd. | | PRC
November 21, 2005 | | RMB | 20,000,000 | | | 89.47 | % | | Manufacture, sale of various transmission boxes | | Hangzhou Greenland Energy Technologies Co., Ltd. | | PRC
August 9, 2019 | | RMB | 8,669,482 | | | 100 | % | | Trading | | HEVI Corp. | | Delaware
January 14, 2020 | | USD | 6,363,557 | | | 100 | % | | U.S. operation and distribution of electric industrial vehicles for North American market | | Hengyu Capital, Ltd | | Hong Kong
August 16, 2022 | | HKD | 10,000 | | | 62.5 | % | | Investment management and consulting services | | Greenland Holding Enterprises Inc. | | Delaware
August 28, 2023 | | USD | 1 | | | 100 | % | | Holding |
|