| SCHEDULE OF CONSOLIDATION OF SUBSIDIARIES |
The
accompanying unaudited condensed consolidated financial statements reflect the activities of Digital Currency X and each of the following
entities as of June 30, 2026 (entities marked with an asterisk were consolidated through their disposal on March 20, 2026):
SCHEDULE
OF CONSOLIDATION OF SUBSIDIARIES
| |
|
Date
of
incorporation |
|
Place
of
incorporation |
|
Percentage
of
ownership |
|
|
Principal
activities |
| |
|
|
|
|
|
|
|
|
|
| Subsidiaries |
|
|
|
|
|
|
|
|
|
|
| Baoya
New Energy (Shandong) Co., Ltd.* |
|
October
21, 2021 |
|
The
PRC |
|
|
100.00 |
% |
|
Investment
holding |
| Baoya
New Energy Automobile Sale (Yantai) Co., Ltd.* |
|
November
29, 2019 |
|
The
PRC |
|
|
93.92 |
% |
|
New
energy vehicle sales |
| Baoya
New Energy Automobile R&D (Xiangyang) Co., Ltd.* |
|
May
25, 2022 |
|
The
PRC |
|
|
85.17 |
% |
|
Research
and development of new energy vehicles |
| Baoya
New Energy Automobile R&D Institution (Yantai) Co., Ltd.* |
|
November
29, 2019 |
|
The
PRC |
|
|
85.17 |
% |
|
Research
and development of new energy vehicles |
| Baoya
Technology Holdings Limited* |
|
July
12, 2021 |
|
BVI |
|
|
100.00 |
% |
|
Investment
holding |
| Baoyaev
Group Limited* |
|
July
28, 2021 |
|
Hong
Kong |
|
|
100.00 |
% |
|
Investment
holding |
| Chijet
Inc.* |
|
July
6, 2021 |
|
Cayman
Islands |
|
|
100.00 |
% |
|
Investment
holding |
| Dezhou
Yarui New Energy Automobile Co., Ltd.* |
|
February
1, 2016 |
|
The
PRC |
|
|
65.23 |
% |
|
R&D
and manufacturing of new energy vehicles |
| Dezhou
Yitu New Energy Automobile Co., Ltd.* |
|
April
23, 2011 |
|
The
PRC |
|
|
86.43 |
% |
|
R&D
and manufacturing of special electric vehicles |
| Faw
Jilin Automobile Co., Ltd.* |
|
June
20, 1984 |
|
The
PRC |
|
|
60.05 |
% |
|
Commercial
vehicles, passenger vehicles manufacturing |
| Faw
Jilin Automobile Sale Co., Ltd.* |
|
June
23, 2021 |
|
The
PRC |
|
|
60.05 |
% |
|
Vehicle
sales |
| Jupiter
Wellness Acquisition Corp. (the “JWAC”) |
|
September
14, 2021 |
|
Delaware,
US |
|
|
100.00 |
% |
|
Investment
holding |
| Shandong
Baoya New Energy Vehicle Co., Ltd.* |
|
April
14, 2009 |
|
The
PRC |
|
|
85.17 |
% |
|
New
energy vehicle production and manufacturing |
| Xiangyang
Yazhi New Energy Automobile Co., Ltd.* |
|
May
16, 2016 |
|
The
PRC |
|
|
85.17 |
% |
|
R&D
and manufacturing of small new energy vehicles |
| Xiangyang
Yazhi New Energy Automobile Sale Co., Ltd.* |
|
July
22, 2016 |
|
The
PRC |
|
|
85.17 |
% |
|
Sales
of small new energy vehicles |
| NexFi
Inc |
|
October
22, 2025 |
|
Wyoming,
US |
|
|
100.00 |
% |
|
Data
and information service |
| * |
|
The
above subsidiaries were disposed on March 20, 2026. For further details, see Note 5 – Discontinued Operations. |
|