Name

Background

Effective ownership

JBDI

British Virgin Islands company

Incorporated on October 10, 2022

Issued and outstanding 10,000 ordinary shares for US$10,000

Investment holding

Provision of investment holding

100% owned by JBDI Holdings

Jurong Barrels

Singaporean company

Incorporated on November 17, 1983

Issued and outstanding 2,000,000 ordinary shares for S$2,000,000

100% owned by JBDI

JBD Systems

Singaporean company

Incorporated on May 4, 2017

Issued and outstanding 100 ordinary shares for S$100

100% owned by Jurong Barrels