The following presents our significant consolidated subsidiaries, all of which are wholly owned either directly or indirectly by Webull Corporation: | Significant Subsidiary | | Date of Incorporation/Establishment | | Domicile Location | | Principal Activity | | Webull Financial LLC | | May 24, 2017 | | United States | | Broker Dealer | | Webull Futures LLC | | August 25, 2022 | | United States | | Futures Commission Merchant | | Webull Holdings (US) Inc. | | May 16, 2017 | | United States | | Holding Company | | Webull Holdings (Singapore) Pte. Ltd. | | May 12, 2021 | | Singapore | | Holding Company | | Webull Pay, LLC* | | July 30, 2019 | | United States | | Crypto Trading | | Webull Securities (Singapore) Pte. Ltd. | | May 12, 2021 | | Singapore | | Broker Dealer | | Webull Securities Limited | | December 11, 2017 | | Hong Kong | | Broker Dealer | | Webull Securities (Australia) Pty. Ltd. | | October 27, 2021 | | Australia | | Broker Dealer | | Webull Securities (Japan) Co., Ltd.** | | March 23, 1948 | | Japan | | Broker Dealer | | Webull Securities (Canada) Limited | | October 14, 2021 | | Canada | | Broker Dealer | | Webull Securities (Thailand) Company Limited | | January 28, 2022 | | Thailand | | Broker Dealer | | HongKong Webull Limited | | September 19, 2019 | | Hong Kong | | Holding Company | | Hunan Weibu Information Technology Co., Ltd. | | September 6, 2021 | | Mainland China | | Technology Support and Development Subsidiary | | * | Acquired on September 26, 2025 | | ** | Formerly known as Madison Securities Co., Ltd. |
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