| Schedule of Subsidiaries of the Company |
As of December 31, 2025,
subsidiaries of the Company include the following:
| Entities | | Date of
Incorporation | | Place of
Incorporation | | % of
Ownership | | Principal Activity | | Carve Group Ltd (“Carve Group”) | | February 5, 2025 | | British Virgin Islands | | 100% | | an investment holding company | | Yunshang Management Company Limited (“Yunshang”) | | March 27, 2025 | | Hong Kong | | 100% | | an investment holding company | | Shenzhen Hillstar Management Consulting Co., Ltd (“Shenzhen Hillstar”) | | July 3, 2025 | | Shenzhen, China | | 100% | | an investment holding company | | Zhongshen Resources Development (Liaoning) Co., Ltd (“Zhongshen”) | | February 11,2025 | | Liaoning, China | | 100% | | cultivation and supply of scarce wild-grown traditional Chinese medicine resources | | Glyken Bird Nest Technology (Shenzhen) Co., Ltd (“Glyken”) | | April 1, 2020 | | Shenzhen, China | | 100% | | sales of health and wellness products | | Guangxi Free Trade Zone Yanwo Bio-technology Co., Ltd. (“Guangxi Yanwo”)
| | August 10, 2020 | | Guangxi, China | | 90%* | | research and development, production, and sales of health and wellness products | | Yanwa Brand Operation (Shenzhen) Co., Ltd. | | January 26, 2020 | | Shenzhen, China | | 100% | | sales of health and wellness products | | Yanwo Health Food Technologies (Shenzhen) Co., Ltd. | | December 12, 2019 | | Shenzhen, China | | 100% | | sales of health and wellness products | | Real Prospect Limited (“Real Prospect”) | | June 27, 2025 | | Hong Kong | | 100% | | an investment holding company | | Shenzhen Guibao Intelligent Management Co., Ltd. (“Shenzhen Guibao”) | | August 4, 2025 | | Shenzhen, China | | 100% | | an investment holding company | | Qingdao Mai Si Technology Co., Ltd. (“Maisi”) | | January 19, 2024 | | Qingdao, China | | 100% | | Developing, production, and operating charging piles and mobile charging robots to provide convenient charging services |
|