| | | | | | | Particulars of | | | | |
| | | Place of incorporation | | | | issued/ | | Effective | | |
| | | and kind of | | Principal activities | | registered share | | interest | | |
| Name | | legal entity | | and place of operation | | capital | | held | | |
| | | | | | | | | | | |
| Liaoning Nengfa Weiye Energy Technology Co. Ltd (“Nengfa Energy”) | | The PRC, a limited liability company | | Production of a variety of industrial valve components which are widely used in water supply and sewage system, coal and gas fields, power generation stations, petroleum and chemical industries in the PRC | | US$ | 5,000,000 | | 100 | % |
| | | | | | | | | | | |
| Liaoning Nengfa Weiye Tei Fa Sales Co., Ltd. (“Sales Company”) | | The PRC, a limited liability company (under deregistration process) | | Sales and marketing of valves components and products in the PRC | | RMB | 5,000,000 | | 99 | % |