Name

Domicile
and Date of
Incorporation

Paid-in
Capital

Percentage of
Effective
Ownership

Principal Activities

Zhongchai Holding (Hong Kong) Limited

Hong Kong
April 23, 2009

HKD

10,000

100

%

Holding

Zhejiang Zhongchai Machinery Co., Ltd.

PRC
November 21, 2005

RMB

25,000,000

71.576

%

Manufacture, sale of various transmission boxes

Shanghai Hengyu Business Management Consulting Co., Ltd.

PRC
September 10, 2015

RMB

251,500,000

62.5

%

Investment management and consulting services

Hangzhou Greenland Energy Technologies Co., Ltd.

PRC
August 8, 2020

RMB

7,224,922

100

%

Trading

HEVI Corp.

Delaware
January 14, 2020

USD

6,363,557

100

%

U.S. operation and distribution of electric industrial vehicles for North American market

Hengyu Capital, Ltd

Hong Kong
August 16, 2022

HKD

10,000

62.5

%

Investment management and consulting services