v3.26.1
ORGANIZATION AND DESCRIPTION OF BUSINESS (Tables)
12 Months Ended
Dec. 31, 2025
ORGANIZATION AND DESCRIPTION OF BUSINESS  
Schedule of direct and indirect interest in subsidiaries

Name of Entity

  ​ ​ ​

Date of
Incorporation/
Acquisition

  ​ ​ ​

Place of
Incorporation

  ​ ​ ​

Shareholders

  ​ ​ ​

% of
Equity
Ownership

  ​ ​ ​

Principal
Activities

Betters Medical NewCo, LLC (“NewCo”)

June 17, 2024
/ October 1,
2024

Delaware (US)

PubCo

100%

Holding

ExcelFin Acquisition Corp. (“SPAC” or “ExcelFin”)

March 15,
2021 /
October 1,
2024

Delaware (US)

PubCo

100%

Holding

Baird Medical LLC

November 29,
2023

Delaware (US)

PubCo

100%

Sales of MWA
medical devices

Tycoon Choice Global Limited (“Tycoon”)

January 8,
2021

BVI

PubCo

100%

Holding

Baide Medical Investment Company Limited (“Baide HK”)

January 29,
2021

Hong Kong

Tycoon

100%

Holding

Baide (Guangdong) Capital Management Company Limited (“Baide Capital”)

March 3,
2021

The PRC

Baide HK

100%

Sales of MWA
medical devices and
investment holding

Guangzhou Dedao Capital Management Company Limited (“Dedao”)

March 4,
2021

The PRC

Baide Capital

99%

Holding

Guangzhou Baihui Corporate Management Company Limited (“Baihui”)

December 4,
2020

The PRC

Dedao

99%

Holding

Guangzhou Zhengde Corporate Management Company Limited

December 4,
2020

The PRC

Dedao

99%

Holding

Guangzhou Yide Capital Management Company Limited

December 10,
2020

The PRC

Dedao

99%

Holding

Baide (Suzhou) Medical Company Limited (“Baide Suzhou”)

June 5,
2012

The PRC

Zhengde Yide,
and Baihui

99%

Research and
development, sales
of MWA and other
medical devices and
investment holding

Henan Ruide Medical Instrument Company Limited

July 6,
2018

The PRC

Baide Suzhou

99%

Sales of MWA and
other medical
devices

Nanjing Changcheng Medical Equipment Company Limited (“Nanjing Changcheng”)

January 28,
2016

The PRC

Baide Suzhou

99%

Research and
development,
manufacture and
sales of MWA and
other medical
devices

Guizhou Baiyuan Medical Company Limited

September 21,
2017

The PRC

Baide Suzhou

99%

Sales of other
medical devices

Guoke Baide (Guangdong) Medical Company Limited (“Guoke Baide”)

July 5,
2019

The PRC

Baide Suzhou

99%

Sales of MWA
medical devices

Hunan Baide Medical Technology Company Limited

November 26,
2019

The PRC

Baide Suzhou

99%

Sales of MWA
medical devices

Ruikeen Biological Technology (Guangzhou) Company Limited (“Ruikeen Guangzhou”)

July 17, 2019

The PRC

Baide Suzhou

99%

Sales of MWA
medical devices

Guangzhou Fangda Medical Technology Company Limited

December 22,
2022

The PRC

Baide Capital

100%

Sales of MWA
medical devices

Junde (Guangzhou) Medical Technology Company Limited

November 14,
2022

The PRC

Guoke Baide

99%

Sales of MWA
medical devices

Shengde (Guangzhou) Medical Technology Company Limited

November 29,
2022

The PRC

Baide Capital

100%

Sales of MWA
medical devices

Suzhou Kangchuang Medical Company Limited

December 6,
2022

The PRC

Baide Capital

100%

Sales of MWA
medical devices

Hainan Haike Baide Medical Company Limited

July 4,2024

The PRC

Baide Suzhou

100%

Sales of MWA
medical devices