1.
Organization and Principal Business
CBL
International, or the Company, is a holding company without any operations of its own and owns 100% of Banle International Group Limited
(“Banle BVI”) which was incorporated in the British Virgin Islands.
The
Company is a marine fuel logistics company providing one-stop solutions for vessel refueling, which is referred to as a facilitator in
the bunkering industry. The Company facilitates vessel refueling between ship operators and local physical distributors/traders by purchasing
marine fuel from suppliers and arranging the delivery of it to customers. While the Group’s primary focus remains on its established
bunkering facilitation services, it has taken a measured step to broaden its presence in the sustainable energy supply chain through
the distribution of sustainable fuel materials and biofuel supply.
The
companies of the Group are listed as follows:
Schedule of Subsidiaries
| Entity
Name |
|
Place
of Incorporation |
|
Percentage
of
ownership |
|
Principal
activities |
| CBL
International Limited (“CBL”) |
|
Cayman
Islands |
|
Parent
|
|
Ultimate
holding Company |
| Banle
International Group Limited (“Banle BVI”) |
|
British
Virgin Islands |
|
100%
by CBL |
|
Investment
holding |
| Banle
Investment Holdings Limited (“BIHL”) |
|
British
Virgin Islands |
|
100%
by CBL |
|
Investment
holding |
| Banle
International Marketing Limited |
|
Labuan,
Malaysia |
|
100%
by Banle BVI |
|
Marketing
service |
| Banle
International (Malaysia) Sdn. Bhd. |
|
Kuala
Lumpur, Malaysia |
|
100%
by Banle BVI |
|
Sales
and distribution of marine fuel |
| Banle
Energy International Limited (“Banle HK”) |
|
Hong
Kong |
|
100%
by Banle BVI |
|
Sales
and distribution of marine fuel |
| Reliance
(China) Limited |
|
Hong
Kong |
|
100%
by Banle HK |
|
Business
management |
| Banle
International (China) Limited (“Banle China”) |
|
Hong
Kong |
|
100%
by Banle BVI |
|
Investment
holding |
| Banle
International (Singapore) Pte Ltd |
|
Singapore
|
|
100%
by Banle BVI |
|
Sales
and distribution of marine fuel |
| Banle
International (Europe) Limited |
|
Ireland |
|
100%
by Banle BVI |
|
Business
management |
| Green
Marine Energy Holdings Limited (“GMEH”) |
|
British
Virgin Islands |
|
50.5%
by BIHL |
|
Investment
holding |
| Green
Marine Energy Sdn Bhd |
|
Malaysia |
|
100%
by GMEH |
|
Trading
and supply fuel related products |
Green
Marine Supply Sdn Bhd
–
An Associated Company |
|
Malaysia |
|
30%
by GMEH |
|
Trading
and supply fuel related products |
|