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SUBSIDIARIES AND VARIABLE INTEREST ENTITIES
 12 Months Ended
Dec. 31, 2019
Schedule of Investments [Abstract]  
SUBSIDIARIES AND VARIABLE INTEREST ENTITIES

NOTE 3             SUBSIDIARIES AND VARIABLE INTEREST ENTITIES

 

Details of the Company’s principal consolidated subsidiaries and variable interest entities as of December 31, 2019 were as follows:

 

Name

Place of

Incorporation

Ownership/Control

interest

attributable to

the Company

 Principal activities
NCN Group Limited BVI 100% Investment holding
NCN Media Services Limited BVI 100% Investment holding
Cityhorizon Limited Hong Kong 100% Investment holding
NCN Group Management Limited Hong Kong 100% Provision of administrative and management services
Crown Eagle Investment Limited Hong Kong 100% Dormant
Crown Winner International Limited Hong Kong 100% Investment holding
NCN Huamin Management Consultancy (Beijing)
Company Limited *		 PRC 100% Dormant
Huizhong Lianhe Media Technology Co., Ltd. * PRC 100% Dormant
Beijing Huizhong Bona Media Advertising Co.,
Ltd.		 PRC 100% (1) Dormant
Xingpin Shanghai Advertising Limited PRC 100% (1) Dormant
Chuanghua Shanghai Advertising Limited PRC 100% Dormant
Jiahe Shanghai Advertising Limited PRC 100% Dormant

 

* The subsidiary’s registration license has been revoked.

Remarks:

 

1) Variable interest entity which the Company exerted 100% control through a set of commercial arrangements.