SUBSIDIARIES AND VARIABLE INTEREST ENTITIES

3 Months Ended

Mar. 31, 2022

Schedule of Investments [Abstract]

SUBSIDIARIES AND VARIABLE INTEREST ENTITIES

NOTE 3.                   SUBSIDIARIES AND VARIABLE INTEREST ENTITIES

Details of the Company’s principal subsidiaries and variable interest entities as of March 31, 2022 was as follows:

Schedule of subsidiaries and variable interest entities
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%	Investment holding
Crown Winner International Limited	Hong Kong	100%	Investment holding
NCN Group (Global) Limited	Hong Kong	100%	Investment holding
ChenXing (Beijing) Advertising  Co., Ltd	PRC	100%	Investment holding
Ruibo (Shenzhen) Advertising Co., Ltd	PRC	100%	Investment holding
NCN Huamin Management Consultancy (Beijing) Company Limited (2)	PRC	100%	Dormant
Huizhong Lianhe Media Technology Co., Ltd. (2)	PRC	100%	Dormant
Beijing Huizhong Bona Media Advertising Co., Ltd.(2)	PRC	100% (1)	Dormant
Xingpin Shanghai Advertising Limited (3)	PRC	100% (1)	Dormant
Chuanghua Shanghai Advertising Limited (3)	PRC	100%	Dormant
Jiahe Shanghai Advertising Limited (2)	PRC	100%	Dormant

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2) The subsidiary/variable interest entity ’s business license has been revoked.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.