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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2012
ORGANIZATION AND PRINCIPAL ACTIVITIES  
Schedule of subsidiaries

 

 

 

 

 

Later of

 

 

 

 

Place of

 

incorporation/

 

Percentage of

Name of Subsidiary

 

establishment

 

acquisition date

 

legal ownership

 

 

 

 

 

 

%

Nanjing Camelot Information Systems Engineering Co. Ltd. (“NCIS”)

 

People’s Republic of China (“PRC” or “China”)

 

January 18, 2000

 

100

Beijing Camelot Technology Co., Ltd. (“Camelot Beijing”)

 

PRC

 

March 12, 2001

 

100

Beijing Heng En Technology Co., Ltd. (“Beijing Heng En”)

 

PRC

 

December 31, 2002

 

100

Shanghai Camelot Software Co., Ltd. (“Shanghai Camelot”)

 

PRC

 

September 30, 2004

 

100

Dalian Yuandong Digital Co., Ltd. (“Dalian Yuandong”)

 

PRC

 

January 1, 2006

 

100

Bayshore Consulting & Services Co., Ltd. (“Bayshore”)

 

PRC

 

January 1, 2006

 

100

Triumph Consulting & Services Co., Ltd. (“Triumph”)

 

BVI

 

January 1, 2006

 

100

Konwell Technologies Ltd. (“Konwell”)

 

BVI

 

January 1, 2006

 

100

Beijing Faceita Information System Ltd. (“Faceita”)

 

PRC

 

January 1, 2006

 

100

Asialink Information Technologies (Shanghai) Co., Ltd. (“Asialink”)

 

PRC

 

January 1, 2006

 

100

Kings Consulting Services Limited (“King’s”)

 

Hong Kong

 

January 1, 2006

 

100

Taiwan Camelot Information Inc. (“Taiwan Camelot”)

 

Taiwan

 

September 28, 2006

 

100

Hwawei Digital Financial Technologies Co., Ltd. (“Hwawei”)

 

Taiwan

 

January 1, 2007

 

100

Jiaxing Camelot Software Co., Limited (“Jiaxing Camelot”)

 

PRC

 

July 17, 2007

 

100

Beijing Red River Valley Information Technology Co., Ltd. (“Red River Valley”)

 

PRC

 

February 1, 2008

 

100

Beijing Yinfeng Technology Development Co., Ltd. (“Yinfeng”)

 

PRC

 

April 1, 2008

 

100

VLife Technology Co., Ltd. (“VLife”)

 

Taiwan

 

April 7, 2008

 

100

VLife Technology (Shang Hai) Co., Ltd. (“Weisong”)

 

PRC

 

April 7, 2008

 

100

VLife International Corp. Ltd. (“Samoa”)

 

Samoa

 

April 7, 2008

 

100

Shanghai Camelot Information Technology Co., Ltd (“SCIT”)

 

PRC

 

May 8, 2008

 

100

Harmonation Inc. (“Harmonation”)

 

Taiwan

 

July 7, 2008

 

85.47

Camelot Information Technology. Co., Ltd. (“Huaqiao”)

 

PRC

 

June 29, 2009

 

100

Kunshan Kesuo Information Consulting Co., Ltd. (“Kunshan”)

 

PRC

 

August 13, 2009

 

100

Zhuhai Agree Technology Co., Ltd. (“Agree Zhuhai”)

 

PRC

 

July 1, 2009

 

100

Beijing Agree Technology Development Co., Ltd. (“Agree Beijing”)

 

PRC

 

July 1, 2009

 

100

Shanghai Agree Technology Development Co., Ltd. (“Agree Shanghai”)

 

PRC

 

July 1, 2009

 

100

Beijing Tansun Software Technology Co., Ltd. (“Tansun Beijing”)

 

PRC

 

December 30, 2009

 

100

Xiamen Rella Software Technology Development Co., Ltd. (“Xiamen Rella”)

 

PRC

 

December 30, 2009

 

100

Kunshan Asialink Information Technology Co., Ltd. (“Asialink Kunshan”)

 

PRC

 

March 22, 2010

 

100

Dimension Information Technology Co., Ltd. (“Dimension”)¹

 

PRC

 

January 1, 2011

 

65

Camelot Information Technology Consulting (Wuxi) Co., Ltd (“Wuxi”)²

 

PRC

 

July 14, 2011

 

55

Camelot Financial Information Technology Services Co., Ltd (“CFITS”)

 

PRC

 

December 19, 2011

 

100

Wuhan Steel Camelot Information Systems Co., Ltd. (“Camelot Wuhan”)³

 

PRC

 

July 30, 2012

 

50

Entoh Digital Co., Ltd. (“DL-JP”)

 

Japan

 

January 1, 2006

 

100

 

Note:

 

1.              In November 2012, the Group transferred 35% equity ownership of Dimension to Dimension’s original selling shareholders who are also the current employees of the Group in exchange for 1,152,352 ordinary shares of the Company, which were issued to the original selling shareholders as part of the consideration for the acquisition of Dimension by the Group on January 1, 2011 (See Notes 3 and 19). After the completion of this transaction, the Group continues to retain control over Dimension and consequently the Group continues to consolidate Dimension as a subsidiary.

2.              As of January 1, 2012, a non-controlling shareholder injected an intangible asset to Wuxi to acquire 45% equity interest of the company; the injected intangible asset is booked at its fair value which was determined by the Company with the assistance from American Appraisal, an independent valuation firm.

3.              In July 2012, the Company formed Camelot Wuhan with Wuhan Iron and Steel Engineering Technologies Group Co., Ltd. In 2013, the Company invested in that entity US $1,700 for a 50% equity interest. The entity is designed to create a platform upon which to develop and grow the IT application business for the iron and steel industry. Wuhan Camelot had no operations during the year ended December 31, 2012.