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Organization and Business Background
3 Months Ended
Mar. 31, 2020
Basis of Presentation  
NOTE 2. Organization and Business Background

Cosmos Group Holdings Inc. (“we,” “us,” “our,” “the “Company,” or “COSG”) incorporated in the state of Nevada on August 14, 1987.

 

The Company, through its subsidiaries, mainly engages in the provision of truckload transportation service in Hong Kong, in which the Company utilizes its owned trucks or independent contractor owned trucks for the pickup and delivery of freight from port to the designated destination, upon the customers’ request.

 

Description of subsidiaries:

 

Name

Place of incorporation

and kind of legal entity

Principal activities

and place of operation

Particular of issued/

registered share capital

Effective

interest held

Lee Tat International Holdings limited

British Virgin Islands

Investment holding

50,000 ordinary shares at US $1 each

100%

Lee Tat Transportation International Limited

Hong Kong

Logistic and delivery

10,000 ordinary shares at HK $10,000

100%

Cosmos Robotor Holdings Limited

British Virgin Islands

Investment holding

50,000 ordinary shares at US $0,001 each

100%

AiTeach International Limited

Hong Kong

AI Business

10,000 ordinary shares at HK $100

100%

Cosmos Robotor AI Education (Shenzhen) Limited

The People’s Republic of China

Education

N/A

100%

 

COSG and its subsidiaries are hereinafter referred to as the “Company”.