XML 35 R25.htm IDEA: XBRL DOCUMENT v3.23.1
Nature of Business and Organization (Tables)
 3 Months Ended
Mar. 31, 2023
Nature of Business and Organization [Abstract]  
Schedule of consolidated financial statements reflect the activities of CCNC
Name   Background   Ownership
Citi Profit BVI   ● A British Virgin Island company Incorporated on April 2019    100% owned by the Company
         
Makesi WFOE   ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on December 2020   100% owned by TMSR HK
         
Citi Profit BVI   ● A British Virgin Island company   100% owned by the Company
    ● Incorporated on April 2019    
         
TMSR HK   ● A Hong Kong company   100% owned by Citi Profit BVI
    ● Incorporated on April 2019    
         
Highlight HK   ● A Hong Kong company    100% owned by Citi Profit BVI
    ● Incorporated on November 2022    
         
Makesi WFOE   ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”)   100% owned by TMSR HK
    ● Incorporated on December 2020    
         
Highlight WFOE   ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”)   100% owned by Highlight HK
    ● Incorporated on January 2023    
         
Rong Hai1   ● A PRC limited liability company    VIE of Tongrong WFOE
    ● Incorporated on May 20, 2009    
    ● Registered capital of USD 3,171,655 (RMB 20,180,000), fully funded    
    ● Coal wholesales and sales of coke, steels, construction materials, mechanical equipment and steel scrap    
         
Wuge2   ● A PRC limited liability company   VIE of Makesi WFOE
    ● Incorporated on July 4, 2019    
         
Highlight Media   ● A PRC limited liability company   VIE of Makesi WFOE
    ● Incorporated on September 16, 2022    

 

1 Disposed on March 31, 2021
2 Disposed on September 28, 2022