| SCHEDULE OF MAJOR SUBSIDIARIES |
As of June 30, 2026, the Company’s major subsidiaries are as follows:
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Name |
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Place of Incorporation |
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Date of Incorporation or Acquisition |
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Percentage of Ownership |
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Principal Activities |
Subsidiaries |
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SBC Medical Group, Inc. |
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United States |
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January 20, 2023 |
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100% |
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Investment holding |
SBC Medical Group Co., Ltd.* |
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Japan |
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June 18, 2003 |
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100% |
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Franchising, procurement, management, rental and marketing services |
Liesta Co., Ltd. |
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Japan |
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December 15, 2020 |
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100% |
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Real estate brokerage services |
SBC Sealane Co., Ltd. |
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Japan |
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June 7, 2022 |
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100% |
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Leasehold improvement services |
Medical Payment Co., Ltd. |
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Japan |
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June 30, 2022 |
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75% |
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Loan services |
SBC Medical Consulting Co., Ltd. |
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Japan |
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August 2, 2022 |
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100% |
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Human resource services |
MB career lounge Co., Ltd. |
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Japan |
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July 17, 2025 |
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100% |
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Management supporting services |
Waqoo, Inc. |
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Japan |
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December 19, 2025 |
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54% |
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Medical support services and direct-to-consumer product sales |
Cell Pro Japan Co., Ltd. |
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Japan |
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December 19, 2025 |
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54% |
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Regenerative medicine, contract review and processing, and cosmetics and raw materials business |
SBC Medical M&A Advisory Co., Ltd. |
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Japan |
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January 7, 2026 |
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100% |
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M&A brokerage and financial advisory services |
Shoubikai Medical Vietnam Co., Ltd. |
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Vietnam |
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August 29, 2013 |
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100% |
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Cosmetic clinic |
SBC Irvine, LLC |
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United States |
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December 27, 2018 |
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100% |
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Management services for cosmetic clinic in the United States |
SBC Healthcare Inc. |
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United States |
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December 16, 2019 |
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100% |
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Management services for cosmetic clinic in the United States |
Aesthetic Healthcare Holdings Pte. Ltd. |
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Singapore |
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November 20, 2024 |
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100% |
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Investment holding |
Wen & Weng Family Clinic Pte. Ltd. ** |
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Singapore |
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November 20, 2024 |
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100% |
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General outpatient medical services |
Wen & Weng Medical Group Pte. Ltd. ** |
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Singapore |
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November 20, 2024 |
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100% |
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Healthcare-related businesses |
Rochor Clinic Pte. Ltd. ** |
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Singapore |
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November 20, 2024 |
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100% |
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General outpatient medical services |
Dermasolutions Pte. Ltd. ** |
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Singapore |
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November 20, 2024 |
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100% |
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Cosmetic and dermatological treatments and products |
Dermasolutions Services Pte. Ltd. ** |
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Singapore |
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November 20, 2024 |
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100% |
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Cosmetic services and products |
SBC MEDICAL APAC PTE. LTD. |
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Singapore |
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March 26, 2025 |
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100% |
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Asia-Pacific regional headquarters |
* In January 2025, the Company effected a merger in which SBC Japan and Shobikai Sub merged with and into L’Ange Sub. As a result, the separate corporate existence of SBC Japan and Shobikai Sub ceased, with L’Ange Sub continuing as the surviving company. Following the merger, L’Ange Sub changed its name to SBC Medical Group Co., Ltd., which is herein referred to as “SBC Japan.” In January 2026, the Company effected a merger in which SBC Marketing Co., Ltd. merged with and into SBC Japan. As a result, the separate corporate existence of SBC Marketing Co., Ltd. ceased, with SBC Japan continuing as the surviving company. ** Subsidiaries of Aesthetic Healthcare Holdings Pte. Ltd. (“AHH”)
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