Corporate Structure

Corporate Structure

Name	Place of incorporation/ registration	Place of operation	Issued and paid up capital	Principal activities
Beyond Elite Limited	British Virgin Islands	Hong Kong	Ordinary USD1	Investment holding
Major Cellar Company Limited	Hong Kong	Hong Kong	Ordinary HK$10,000	Sale and distribution of premium wine and spirits products
Major Industrial Development Limited	Hong Kong	Hong Kong	Ordinary HK$10,000	Inactive
Major Holdings HK Limited	Hong Kong	Hong Kong	Ordinary HK$10,000	Inactive
Shenzhen Major Industrial Development Limited	PRC	PRC	Ordinary RMB10,000,000	Inactive

*Shenzhen Major Industrial Development Limited is a wholly-owned foreign enterprise established in the PRC.