| ORGANIZATION AND PRINCIPAL ACTIVITIES |
1. ORGANIZATION AND PRINCIPAL ACTIVITIES Scienjoy Holding Corporation (“Scienjoy” or the “Company”, NASDAQ: SJ) is a technology company powered by a dual engine of “digital entertainment + enterprise AI solutions,” with AI at the core of its business strategy. The Company has a long track record of providing digital entertainment services to global users, building extensive expertise in digital content, multimodal interaction, and business operations. Leveraging its foundational AI technologies and business agent engines, which have been validated through real-world applications, Scienjoy is extending its capabilities to enterprise customers across a range of industries. Through its forward deployed engineer (FDE) model, AI applications, and intelligent solutions, the Company integrates AI into real-world business processes and operational systems, transforming technological capabilities into tangible business value. (a) Organization Subsidiaries and VIEs include the following: | Subsidiaries | | Date of
incorporation | | Place of
incorporation | | Percentage of
direct/indirect
ownership | | | Principal
activities | | Scienjoy Inc. | | February 23, 2017 | | Cayman Islands | | | 100 | % | | Holding Company | | Scienjoy Pte. Ltd. (“Scienjoy SG”) | | July 25, 2023 | | Singapore | | | 100 | % | | Holding Company | | Scienjoy International Limited (“Scienjoy HK”) | | May 18, 2017 | | Hong Kong | | | 100 | % | | Holding Company | | Scienjoy BeeLive Limited (“SIL”) | | December 18, 2017 | | Hong Kong | | | 100 | % | | Live streaming platform | | Golden Shield Enterprises Limited (“Golden Shield”) | | September 28, 2021 | | British Virgin Islands | | | 100 | % | | Holding Company | | Scienjoy Verse Tech Ltd. (“Scienjoy Verse”) (a 51% owned subsidiary of Scienjoy SG) | | September 18, 2023 | | Dubai | | | 51 | % | | Holding Company | | Scienjoy Meta Technology LLC (“Scienjoy Meta”) (a wholly owned subsidiary of Scienjoy Verse) | | October 3, 2023 | | Dubai | | | 51 | % | | Metaverse business | | Scenovo Pte. Ltd. (“Scenovo SG”) (a 51% owned subsidiary of Scienjoy SG) | | April 11, 2024 | | Singapore | | | 51 | % | | Holding Company | | SJ Verse Global Media LLC (“SJ Verse”) (a 90% owned subsidiary of Scenovo SG) | | May 20, 2020 | | Dubai | | | 45.9 | % | | Multi-channel network business | | Techjoy Pte. Ltd. (“Techjoy SG”) (a 70% owned subsidiary of Scenovo SG) | | May 31, 2024 | | Singapore | | | 35.7 | % | | Multi-channel network business | | Fashionfly Limited (a wholly owned subsidiary of Scenovo SG) | | April 14, 2025 | | Hong Kong | | | 51 | % | | Multi-channel network business | | Star Home Global Media FZ-LLC (a 70% owned subsidiary of Scenovo SG) | | December 05, 2024 | | Dubai | | | 35.7 | % | | Multi-channel network business | | SH Entertainment Co., Ltd. (“SH Entertainment”) (a 70% owned subsidiary of Scenovo SG) | | April 18, 2024 | | South Korea | | | 35.7 | % | | Multi-channel | | Sixiang Wuxian (Beijing) Technology Co., Ltd. (“WXBJ”) (a wholly owned subsidiary of Scienjoy HK) | | October 17, 2017 | | The PRC | | | 100 | % | | Holding Company | | Sixiang Zhihui (Beijing) Technology Co., Ltd. (“ZH”) (a wholly owned subsidiary of WXBJ) | | July 5, 2018 | | The PRC | | | 100 | % | | Holding Company | | Subsidiaries | | Date of
incorporation | | Place of
incorporation | | Percentage of
direct/indirect
ownership | | | Principal
activities | | Sixiang Yingyue (Shanghai) Technology Co., Ltd. (“SXYY”) (a wholly owned subsidiary of WXBJ) | | June 30, 2022 | | The PRC | | | 100 | % | | Information technology | | Holgus Sixiang Information Technology Co., Ltd. (“Holgus X”) (a wholly owned subsidiary of ZH) (1) | | May 9, 2017 | | The PRC | | | 100 | % | | Live streaming platform | | Kashgar Sixiang Times Internet Technology Co., Ltd. (“Kashgar Times”) (a wholly owned subsidiary of ZH) (2) | | March 2, 2016 | | The PRC | | | 100 | % | | Live streaming platform | | Kashgar Sixiang Lehong Information Technology Co., Ltd. (“Kashgar Lehong”) (a wholly owned subsidiary of ZH) | | July 23, 2020 | | The PRC | | | 100 | % | | Information technology | | Holgus Sixiang Haohan Internet Technology Co., Ltd. (“Holgus H”) (a wholly owned subsidiary of ZH) | | December 11, 2020 | | The PRC | | | 100 | % | | Information technology | | Sixiang ZhiHui (Hainan) Technology Co., Ltd. (“ZHHN”) (a wholly owned subsidiary of ZH) | | December 23, 2020 | | The PRC | | | 100 | % | | Live streaming platform | | Sixiang Wuxian (Zhejiang) Culture Technology Co., Ltd. (“WXZJ”) (a wholly owned subsidiary of Scienjoy HK) | | April 28, 2022 | | The PRC | | | 100 | % | | Information technology | | Sixiang Zhihui (Zhejiang) Culture Technology Co., Ltd. (“ZHZJ”) (a wholly owned subsidiary of WXZJ) | | January 4, 2022 | | The PRC | | | 100 | % | | Information technology | | VIEs | | | | | | | | | | | | Zhihui Qiyuan (Beijing) Technology Co., Ltd. (“QY”) (Controlled through contractual agreements by WXBJ) | | January 22, 2019 | | The PRC | | | 100 | % | | Holding Company | | Beijing Sixiang Shiguang Technology Co., Ltd. (“SG”) (a wholly owned subsidiary of QY) | | October 28, 2011 | | The PRC | | | 100 | % | | Live streaming platform | | Hai Xiu (Beijing) Technology Co., Ltd. (“HX”) (a wholly owned subsidiary of QY) | | April 18, 2016 | | The PRC | | | 100 | % | | Live streaming platform | | Beijing Le Hai Technology Co., Ltd. (“LH”) (a wholly owned subsidiary of QY) | | June 16, 2015 | | The PRC | | | 100 | % | | Live streaming platform | | Sixiang Mifeng (Tianjin) Technology Co., Ltd. (“MF”) (a wholly owned subsidiary of QY) | | August 8, 2016 | | The PRC | | | 100 | % | | Live streaming platform | | Changxiang Infinite Technology (Beijing) Co., Ltd. (“CX”) (a wholly owned subsidiary of MF) | | September 22, 2016 | | The PRC | | | 100 | % | | Live streaming platform | | Subsidiaries | | Date of
incorporation | | Place of
incorporation | | Percentage of
direct/indirect
ownership | | | Principal
activities | | Zhihui QiYuan (Hainan) Investment Co., Ltd. (“QYHN”) (an 80% owned subsidiary of QY and a 20% owned subsidiary of MF) | | March 2, 2021 | | The PRC | | | 100 | % | | Live streaming platform | | Beijing Weiliantong Technology Co., Ltd. (“WLT”) (a wholly owned subsidiary of QY) | | July 28, 2015 | | The PRC | | | 100 | % | | Live streaming platform | | Chuangda Zhihui (Beijing) Technology Co., Ltd. (“CDZH”) (a wholly owned subsidiary of SG) | | November 30, 2015 | | The PRC | | | 100 | % | | Live streaming platform | | Beijing Huayi Dongchen Technology Co., Ltd. (“HYDC”) (a wholly owned subsidiary of CDZH) | | February 6, 2015 | | The PRC | | | 100 | % | | Live streaming platform | | Hongcheng Huiying (Zhejiang)Technology Industry Development Co., Ltd. (“HCHY”) (a 51% owned subsidiary of QYHN) | | February 15, 2022 | | The PRC | | | 51 | % | | Live streaming platform | | Hangzhou Sixiang Fengjing Culture Technology Co., Ltd. (“SXFJ”) (a 51% owned subsidiary of QYHN) | | May 30, 2024 | | The PRC | | | 51 | % | | Holding Company | | Sixiang Qiyuan (Hangzhou) Culture Technology Co., Ltd. (“QYHZ”) (Controlled through contractual agreements by WXZJ) | | March 30, 2022 | | The PRC | | | 100 | % | | Holding Company | | Xiuli (Zhejiang) Culture Technology Co., Ltd. (“XLZJ”) (a wholly owned subsidiary of QYHZ) | | April 7, 2022 | | The PRC | | | 100 | % | | Live streaming platform | | Leku (Zhejiang) Culture Technology Co., Ltd. (“LKZJ”) (a wholly owned subsidiary of QYHZ) | | April 7, 2022 | | The PRC | | | 100 | % | | Live streaming platform | | Haifan (Zhejiang) Culture Technology Co., Ltd. (“HFZJ”) (a wholly owned subsidiary of QYHZ) | | April 7, 2022 | | The PRC | | | 100 | % | | Live streaming platform | | Xiangfeng (Zhejiang) Culture Technology Co., Ltd. (“XFZJ”) (a wholly owned subsidiary of QYHZ) | | April 7, 2022 | | The PRC | | | 100 | % | | Live streaming platform | | Hongren (Zhejiang) Culture Technology Co., Ltd. (“HRZJ”) (a wholly owned subsidiary of QYHZ) | | April 7, 2022 | | The PRC | | | 100 | % | | Live streaming platform | | (1) | Holgus X was deregistered on June 12, 2026. | | (2) | Kashgar Times was deregistered on March 17, 2026. |
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