The accompanying consolidated financial statements reflect the activities of the Company and each of the following entities: | Entity Name | | Background | | Ownership | | Renovation | | ● Incorporated in Hong Kong SAR on September 2, 2008 | | 100% (Prior to the Restructuring Transactions) | | | | | | | | Ridgeline | | ● Incorporated in Hong Kong SAR on June 27, 2023 ● Acquired by RDGT in February 2025 | | 100% (Following the Restructuring Transactions) | | | | | | | | Shouantang Technology | | ● Established in the PRC on July 16, 2010 by Renovation with registered capital of $20 million ● Registered capital requirement reduced by the SAIC to $11 million in July 2012 and is fully paid ● Deemed a WFOE under PRC law ● Invests and finances the working capital of Quannuo Technology | | 100% (Prior to the Restructuring Transactions) | | Entity Name | | Background | | Ownership | | Jiuxin Medicine | | ● Established in PRC on December 31, 2003 ● Acquired by Renovation in January 2024 ● Registered capital of RMB 10 million fully paid ● Carries out pharmaceutical distribution services | | 100% (Prior to the Restructuring Transactions) | | | | | | | | Allright | | ● Established in PRC on April 19, 2021 ● Acquired by RDGT in February 2025 ● Registered capital of RMB 10 million ● Carries out pharmaceutical distribution services | | 100% (Following the Restructuring Transactions) | | | | | | | | Jiutong Medical | | ● Established in the PRC on December 20, 2011 by Renovation ● Registered capital of $2.6 million fully paid ● Currently has no operation | | 100% (Prior to the Restructuring Transactions) | | | | | | | | Jiuyi Technology | | ● Established in the PRC on September 10, 2015 ● 100% held by Renovation ● Technical support to online pharmacy | | 100% (Prior to the Restructuring Transactions) |
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