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SUBSIDIARIES AND VARIABLE INTEREST ENTITIES
 12 Months Ended
Dec. 31, 2021
Schedule of Investments [Abstract]  
SUBSIDIARIES AND VARIABLE INTEREST ENTITIES

NOTE 3SUBSIDIARIES AND VARIABLE INTEREST ENTITIES

 

Details of the Company’s principal consolidated subsidiaries and variable interest entities as of December 31, 2021 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 (2)		   PRC   100%   Not applicable
Huizhong Lianhe Media Technology Co., Ltd. (2)   PRC   100%   Not applicable
Beijing Huizhong Bona Media Advertising Co.,
Ltd.(2)		   PRC   100% (1)   Not applicable
Xingpin Shanghai Advertising Limited(3)   PRC   100% (1)   Dormant
Chuanghua Shanghai Advertising Limited (3)   PRC   100%   Dormant
Jiahe Shanghai Advertising Limited (2)   PRC   100%   Not applicable

 

Remarks:

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

Note:

2)The subsidiary/variable interest entity ’s business license has been revoked.
3)The subsidiary/variable interest entity was classified as abnormal operation business.