| 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. Separated into two division: 12 Fashion Group, Inc., and Bluwire Group, LLC. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Red Wire Group, LLC |
|
Utah, USA |
|
July 2, 2015 |
|
February 19, 2019 |
|
|
100 |
% |
|
Operations are consolidated into 12 Fashion Group, and this company is closed, and we filed a Chapter 11 Subsection V on March 6, 2020. This was discharged on or about September 2020 and. is permanently closed |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Rune NYC, LLC |
|
New York, USA |
|
Jan 23, 2013 |
|
March 14, 2019 |
|
|
92.5 |
% |
|
Operated by 12 Fashion Group, Inc., an unincorporated division of 12 Retail. Operates contemporary women’s ‘Athleisure’ brand which is primarily sold to retailers. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Bluwire Group, LLC (“Bluwire”) |
|
Florida, USA |
|
Feb 1, 2010 |
|
October 1, 2019 |
|
|
60.5 |
% |
|
A subsidiary of 12 Retail with 12 brick and mortar stores was acquired. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Social Decay, LLC dba Social Sunday (“Social Sunday”) |
|
New Jersey, USA |
|
Sept 24, 2014 |
|
November 1, 2019 |
|
|
100 |
% |
|
Operated by 12 Fashion Group Inc., a division of 12 Retail. Operates a contemporary women’s clothing brand primarily sold to wholesalers. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 12 Tech Inc |
|
Arizona, USA |
|
Dec 26,2019 |
|
Formed by 12 Retech |
|
|
100 |
% |
|
As a holding Company to execute the Company’s technology strategy. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 12 Hong Kong Limited (“12HK”) |
|
Hong Kong, China |
|
February 2, 2014 |
|
June 27, 2017 |
|
|
100 |
% |
|
A subsidiary of 12 Tech Inc. Development and sales of technology applications. Services customers in Asia, including Japan. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 12 Japan Limited (“12JP”) |
|
Tokyo, Japan |
|
February 12, 2015 |
|
July 31, 2017 |
|
|
100 |
% |
|
A subsidiary of 12 Tech Inc. Consultation and sales of technology applications. As of June 2020, our Japanese customer (s) is serviced by 12 Hong Kong. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 12 Europe AG (“12EU”) |
|
Switzerland |
|
August 22, 2013 |
|
October 26, 2017 |
|
|
100 |
% |
|
As of September 2019, this company is closed. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 12 Fashion Group Inc |
|
Arizona, USA |
|
June 26, 2020 |
|
Formed by 12 Retech |
|
|
100 |
% |
|
Formed as a subsidiary of 12 Retech to hold and operate the wholesale and Retail fashion and apparel operations. |
|