As at the date of this report, details of the subsidiary companies are as follows: | Name | | Background | | Ownership | | Nifty Holdings | | ● | A BVI company | | 100% directly owned by Ping An | | | | ● | Incorporated on November 23, 2021 | | | | | | ● | A holding company | | | | Multi Ridge | | ● | A Hong Kong company | | 100% directly owned by Nifty Holdings | | | | ● | Incorporated on October 11, 2013 | | | | | | ● | A holding company | | | | New Brand | | ● | A PRC limited liability company and a WFOE | | 100% directly owned by the Multi Ridge | | | | ● | Incorporated on February 14, 2014 | | | | | | ● | Registered capital of $1,230,769 (RMB 8,000,000) | | | | | | ● | Engaged in trading of yarns and finished garments | | | | Pingyuan | | ● | A PRC limited liability company and a WFOE | | 100% directly owned by the Multi Ridge | | | | ● | Incorporated on August 27, 2025 | | | | | | ● | Registered capital of $434,909 (RMB 3,000,000) | | | | | | ● | No operation | | |
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