Exhibit 21.1
List of Subsidiaries of the Registrant
Subsidiary | Place of Incorporation | |
Agape ATP Corporation | Malaysia | |
Agape Superior Living Sdn. Bhd. | Malaysia | |
Agape ATP International Holding Limited | Hong Kong | |
Agape S.E.A. Sdn Bhd(1) | Malaysia |
Note:
1. | It’s the company’s equity at risk is insufficient to finance its activities. 100% of its business is transacted with Agape Superior Living Sdn Bhd. The company is considered a VIE of Agape Superior Living Sdn Bhd as the latter is the primary beneficiary since it has the following characteristics: |
a. | The power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; and | |
b. | The obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. |