[1]

On December 16, 2022, the Company invested EUR2,500,000 (approximately $2,674,500) in Antric GmbH to acquire 25% of its equity interest. The Company accounts for the investment under the equity method because the Company controls 25% of voting interests, and has the ability to exercise significant influence over Antric GmbH. On August 31, 2023, the Company acquired the remaining 75% of its equity interest and Antric GmbH was became a wholly-owned subsidiary of CEGL. For the year ended December 31, 2023, loss of $136,302 from the acquisition of Antric GmbH was recorded.

[2]

On September 25, 2022, the Company invested RMB15,400,000 (approximately $2,169,045) in Entropy Yu to acquire 99.355% of the partnership entity’s equity interest. The Company accounts for the investment under the equity method because the Company controls 50% of voting interests in partnership matters and material matters must be agreed upon by all partners. The Company has the ability to exercise significant influence over Entropy Yu. For the years ended December 31, 2023 and 2022, the Company recognized investment gain of $4 and investment loss of $44,301, based on its proportionate share of equity interest.

[3]

On June 23, 2021, the Company invested RMB2,000,000 (approximately $281,694) in Hangzhou Hezhe to acquire 20% of its equity interest. The Company accounts for the investment under the equity method because the Company controls 33% of voting interests in board of directors, and has the ability to exercise significant influence over Hangzhou Hezhe. For the years ended December 31, 2023 and 2022, the Company recognized investment gain of $50,991 and $44,039 respectively, based on its proportionate share of equity interest.

[4]

On March 22, 2022, CAE invested EUR100,000 (approximately $110,620) in Able 2rent GmbH (DEU) to acquire 50% of its equity interest. The Company accounts for the investment under the equity method because it does not have control over Able 2rent GmbH (DEU) as the Company does not participate in its operation and does not serve as member of board of director. For the years ended December 31, 2023 and 2022, the Company recognized investment loss of $7,998 and $12,389 respectively, based on its proportionate share of equity interest.