Note 1 - Organization and Principal Activities

3 Months Ended

Jul. 31, 2016

Note 1 - Organization and Principal Activities

NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES

REDtone Asia, Inc. and subsidiaries (the "Company") are a group of companies in The People's Republic of China ("PRC"). The principal activities of the Company are that of a telecommunications provider for mobile, fixed and international gateway services. REDtone provides a wide range of telecommunication services, including prepaid and postpaid discounted call services to corporate customers and consumers as well as prepaid mobile air-time top-up.

The Company's major subsidiaries during the period under review are illustrated as follows:

Name	Domicile and date of incorporation	Effective ownership	Principal activities
REDtone Telecommunication (China) Limited ("REDtone China")	Hong Kong May 26, 2005	100%	Investment holding


REDtone Telecommunications (Shanghai) Limited ("REDtone Shanghai")	The PRC July, 26, 2005	100%	Provides technical support services to group companies


Shanghai Huitong Telecommunication Company Limited ("Huitong") ¹	The PRC March, 26, 2007	100%	Marketing and distribution of IP call and discounted call services in the PRC

Shanghai Jiamao E-Commerce Company Limited ("Jiamao") ¹	The PRC March 21, 2008	100%	Marketing and distribution of IP call and discounted call services in the PRC


Shanghai Xin Chang Information Technology Company Limited ("Xin Chang") ¹	The PRC January 13, 2006	56%	Marketing and distribution of IP call and discounted call services in the PRC


VMS Technology Limited	Hong Kong September 14, 1998	100%	Trading of discounted call related equipment and provision of related services

RT Communications Ltd	BVI February 24, 2010	100%	Investment holding

Shanghai YuZhong Financial Information Service Co., Ltd ("YuZhong") ¹	The PRC July 16, 2014	49.8%	Investment holding


Shanghai YuGuang Automobile Inspection Technology Co., Ltd ("YuGuang") ¹	The PRC July 17, 2014	59.8%	Investment holding


Taizhou Haitai Motor Vehicle Inspection Co, Ltd. ("Haitai") ¹	The PRC October 31, 2013	30.5%	Investment holding

Feng Cheng Motor Vehicle Inspection Co., Ltd. ("FengCheng") ¹	The PRC November 30, 2012	30.5%	Dormant

¹ - Variable interest entities