| Schedule of description of subsidiaries |
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| Name |
|
Place of incorporation
and kind of
legal entity |
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Principal activities
and place of operation |
|
Particulars of registered/paid
up share capital |
|
Effective interest
held |
| |
|
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| United Warehouse Management Corp. (“UWMC”) |
|
British Virgin Islands |
|
Investment holding |
|
50,000 ordinary shares at par value of US$1 each |
|
100% |
| |
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| KSK Logistics Limited (“KSK”) |
|
Hong Kong |
|
Provision of logistic services |
|
1 ordinary share for HK$1 |
|
100% |
| |
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| Propose Enterprise Limited (“PEL”) |
|
Hong Kong |
|
Provision of financing services |
|
100 ordinary shares for HK$100 |
|
100% |
| |
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| United Warehouse Management Limited (“UWML”) |
|
Hong Kong |
|
Provision of supply chain management services |
|
10,000 ordinary shares for HK$10,000 |
|
100% |
The Company and its subsidiaries
are hereinafter referred to as (the “Company”).