The accompanying consolidated financial statements reflect the activities of the Company and the following entities: | Parent and subsidiaries | | Date of
Incorporation | | | Jurisdiction of
Formation | | Percentage of
direct/indirect
Economic
Ownership | | | Principal
Activities | | Skyline Group | | | June 25, 2024 | | | Cayman Islands | | | Parent | | | Investment holding | | Skyline Builders (BVI) Holding Limited | | | June 27, 2024 | | | British Virgin Islands | | | 100% | | | Investment holding | | Kin Chiu | | | April 24, 2012 | | | Hong Kong | | | 100% | | | Undertaking civil engineering works | | Kin Chiu Development* | | | April 10, 2021 | | | Hong Kong | | | 100% | | | Undertaking civil engineering works | | GCM LLC | | | March 13, 2026 | | | United States of America | | | 100% | | | Investment holding | | * | Acquired on November 17, 2025 (Note 17) |
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