NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION
Jiuzi Holdings, Inc. (“Company” or “Jiuzi Holdings”) was incorporated in the Cayman Islands on October 10, 2019. It is a holding company with no operations. The Group sells proprietary brand batteries, electronic power equipment, mobile phones and accessories through its wholly owned subsidiaries located in People’s Republic of China (“PRC” or “China”). Below is Jiuzi Holdings’ organizational chart, as well as a description of the ownership structure.
| Entity Name | Registered Location | Percentage of ownership | Date of incorporation | Principal activities | ||||||
| Jiuzi Holdings, Inc.(“Jiuzi Holdings”) | Cayman | Parent | October 10, 2019 | Investment holding | ||||||
| Jiuzi New York Inc. (“Jiuzi New York”) | U.S.A. | 100% by Jiuzi Holdings | April 3, 2023 | Corporate investment consulting | ||||||
| Jiuzi International (HK) Limited (“Jiuzi HK”) | Hong Kong | 100% by Jiuzi New York | May 23, 2023 | Corporate investment consulting | ||||||
| Shenzhen Jiuzi New Energy Holding Group Co., Ltd. (“Shenzhen Jiuzi”) | Shenzhen | 100% by Jiuzi HK | August 1, 2023 | Proprietary brand batteries, electronic power equipment, mobile phones and accessories sales | ||||||
| Shenzhen Shatou Trading Co.,Ltd.(“Shenzhen Shatou”) | Shenzhen | 100% by Shenzhen Jiuzi | October 21, 2024 | Trading brokerage; domestic trade agency; hardware products | ||||||
| Hainan Jiuzi Xinneng Holding Group Co., Ltd (“Hainan Jiuzi”) | Hainan | 100% by Jiuzi HK | April 20, 2026 | Scientific research and technical services |
Jiuzi Holdings was incorporated in the Cayman Islands on October 10, 2019. It is a holding company with no operations.
Jiuzi New York Inc. (“Jiuzi New York”), a New York corporation established on April 3, 2023. It was a wholly owned subsidiary of Jiuzi Holdings. It was mainly involved in corporate investment consulting.
Jiuzi International (HK) Limited (“Jiuzi HK”) was incorporated on May 23, 2023. It was a wholly owned subsidiary of Jiuzi New York and a company organized under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China. It was mainly involved in corporate investment consulting.
Shenzhen Jiuzi New Energy Holding Group Co., Ltd. (“Shenzhen Jiuzi”) was incorporated on August 1, 2023 under the laws of the People’s Republic of China. It was a wholly owned subsidiary of Jiuzi HK and mainly involved in sales of proprietary brand batteries, electronic power equipment, mobile phones and accessories.
Shenzhen Shatou Trading Co., Ltd. (“Shenzhen Shatou”) was incorporated on October 21, 2024 under the laws of the People’s Republic of China. It is a wholly owned subsidiary of Shenzhen Jiuzi New Energy Holding Group Co., Ltd. (“Shenzhen Jiuzi”) and mainly involved in trading brokerage, domestic trade agency.
Hainan Jiuzi Xinneng Holding Group Co., Ltd (“Hainan Jiuzi”) was incorporated on April 20, 2026 under the laws of the People’s Republic of China. It was wholly owned subsidiary of Jiuzi HK and mainly involved in scientific research and technical services.