| Schedule of Principal Subsidiaries |
The
details of the principal subsidiaries of the Company are set out as follows:
| Name
of Company | |
Place
of Incorporation | |
Date
of Incorporation | | |
Acquisition
Date | |
Attributable
Equity Interest
% | | |
Business |
| 12
Retail Corporation (“12 Retail”) | |
Arizona,
USA | |
| Sept.
18, 2017 | | |
Formed
by 12 ReTech Corporation | |
| 100 | % | |
As
a holding Company to execute the Company’s roll up acquisition strategy as well as to penetrate the North American market
with our technology to select retailers. |
| | |
| |
| | | |
| |
| | | |
|
| 12
Hong Kong Limited (“12HK”) | |
Hong
Kong, China | |
| February
2, 2014 | | |
June
27, 2017 | |
| 100 | % | |
Development
and sales of technology applications |
| | |
| |
| | | |
| |
| | | |
|
| 12
Japan Limited (“12JP”) | |
Japan | |
| February
12, 2015 | | |
July
31, 2017 | |
| 100 | % | |
Consultation
and sales of technology applications |
| | |
| |
| | | |
| |
| | | |
|
| 12
Europe AG (“12EU”) | |
Switzerland | |
| August
22, 2013 | | |
October
26, 2017 | |
| 100 | % | |
Consultation
and sales of technology applications. |
E-motion
Fashion Group, Inc. F/K/A Emotion Apparel, Inc,
Lexi Luu Designs, Inc, Punkz Gear, Skipjack Dive and Dancewear, Cleo
VII | |
Re-incorporated,
in Utah, USA F/K/I in California,
USA | |
| September
9, 2010
Reincorporated on July 6, 2018 and changed its name on
July 26,
2018 | | |
May
1, 2018 | |
| 100 | % | |
A
subsidiary of 12 Retail and is the first microbrand acquired under the microbrand acquisitions roll up strategy. Operates
its own production facilities that can be utilized by all of the Company’s future microbrands. |
| Red
Wire Group, LLC | |
Utah | |
| July
2, 2015 | | |
February
19, 2019 | |
| 100 | % | |
A
subsidiary of 12 Retail and is the second acquisition in the brand acquisition strategy. Operates its own “cut &
sew for independent third parties’ contract to produce clothes |
| Rune
NYC, LLC | |
New
York | |
| Jan
23, 2013. | | |
March
14, 2019 | |
| 92.5 | % | |
A
subsidiary of 12 Retail and is the third in the brand acquisition. Operates contemporary women’s ‘Athleisure’
brand which is primarily sold to retailers |
|