| Entity Name | Jurisdiction |
| Carbonaphene Holdings Limited | British Virgin Islands |
| Earthasia Holdings Limited | British Virgin Islands |
| Happy Growth Group Limited | British Virgin Islands |
| Upworth Capital Limited | Hong Kong |
| Nice Apex Limited | Hong Kong |
| Think High Global Limited | British Virgin Islands |
| Allied Apex Limited | Hong Kong |
| Shanghai Tanao New Material Technology Company Limited | People’s Republic of China |
| Heilongjiang Mudanjiang Nongken Tanao Graphene Deep Processing Company Limited | People’s Republic of China |
| Heilongjiang Province Graphex New Material Technology Company Limited | People’s Republic of China |
| Graphex Technologies, LLC | United States |
| Earthasia (International) Limited | Hong Kong |
| Earthasia (Shanghai) Company Limited | People’s Republic of China |
| Earthasia Limited | Hong Kong |
| Earthasia (Qinhai) Limited | People’s Republic of China |
| Earthasia Design (Shanghai) Company Limited | People’s Republic of China |
| Shanghai Teddy Friends Investment Management Limited | People’s Republic of China |
| Earthasia (Xiamen) Company Limited | People’s Republic of China |
| Earthasia (Qingdao) Company Limited | People’s Republic of China |
| Earthasia Design (Chang Chun) Company Limited | People’s Republic of China |
| Shenzhen Qianhai Lebang Internet Financial Services Limited | People’s Republic of China |
| Thai Gallery (HK) Limited | Hong Kong |
| Thai Joy F&B Management (Shanghai) Company Limited | People’s Republic of China |
| Thai Gallery SRL | Italy |
| Chengdu Thai Gallery Catering Company Limited | People’s Republic of China |
| Chengdu Taihaowei Catering Company Limited | People’s Republic of China |
| Yummy Food Holdings Limited | Hong Kong |
| Shanghai Jingzhu Cultural Development Company Limited | People’s Republic of China |
| Suzhou Industrial Park Wenlvge Hotel Management Company Limited | People’s Republic of China |
