| Entity | | Date of
incorporation/
acquisition | | Place of
incorporation | | Percentage
of direct
or indirect
ownership
by the
Company | | Principal activities |
| Subsidiaries: | | | | | | | | |
| Youcang Limited (“Youcang”) | | June 30, 2021 | | British Virgin Islands | | 100% | | Investment holding |
| Energy U Limited (“Energy U”) | | July 19, 2021 | | Hong Kong | | 100% | | Investment holding |
| Shandong Yousheng New Energy Technology Development Co, Ltd. (“WFOE”)(1) | | January 27, 2022 | | PRC | | 100% | | Provision of technical and consultation services |
| Anhui Yousheng New Energy Co., Ltd (“AHYS”)(1) | | May 16, 2013 | | PRC | | 100% | | Dormant Company |
| Youpin Automobile Service Group Co. Ltd. (“Youpin”)(1) | | July 18, 2013 | | PRC | | 53.11% | | Provision of new energy vehicles sales, battery swapping stations sales, battery swapping services and sourcing services |
| Shanghai Youqiao International Trade Co., Ltd. (“SH Youqiao”)(1) | | May 29, 2014 | | PRC | | 100% | | Dormant Company |
| Shanghai Youchuangneng Digital Technology Co., Ltd. (“SY Digital Tech) (1) | | November 13, 2015 | | PRC | | 100% | | Provision of new energy vehicles sales, battery swapping stations sales, battery swapping services and sourcing services |
| Youguan Financial Leasing Co., Ltd. (“Youguan Financial Leasing”)(1) | | February 27, 2017 | | PRC | | 100% | | Dormant Company |
| Chengdu Youyipin Trading Co., Ltd. (“CD Youyipin”)(1) | | June 21, 2019 | | PRC | | 100% | | Dormant Company |
| Zhejiang Youguan Automobile Service Co., Ltd. (“ZJ Youguan”)(1) | | May 21, 2020 | | PRC | | 80% | | Provision of sourcing services |
| Youpin Automobile Service (Shandong) Co., Ltd. (“Youpin SD”)(1) | | June 30, 2020 | | PRC | | 86.96% | | Provision of new energy vehicles sales and sourcing services |
| Chengdu Youyineng Automobile Service Co., Ltd. (“CD Youyineng”)(1) | | October 29, 2020 | | PRC | | 100% | | Provision of battery swapping stations manufacturing |
| Shanghai Youteng Automobile Service Co., Ltd. (“SH Youteng”)(1) | | November 3, 2020 | | PRC | | 70% | | Dormant Company |
| Liaoning Youguan New Energy Technology Co. Ltd. (“LY New Energy”)(1) | | November 8, 2019 | | PRC | | 100% | | Provision of new energy vehicles sales and sourcing services |
| Zibo Youyipin Trading Co. Ltd. (“Zibo Youyipin”)(1) | | March 18, 2021 | | PRC | | 100% | | Dormant Company |
| Shanghai Youxu New Energy Technology Co., Ltd. (“SH Youxu”)(1) | | March 22, 2021 | | PRC | | 100% | | Provision of battery swapping stations sales and battery swapping services |
| Dalian Youshengchi Automobile Trading Service Co., Ltd. (“DL Youshengchi”)(1) | | March 23, 2021 | | PRC | | 100% | | Dormant Company |
| Quanzhou Youyi Power Exchange Network Technology Co., Ltd. (“QZ Youyi”)(1) | | June 29, 2021 | | PRC | | 100% | | Provision of battery swapping services |
| Youxu New Energy Technology (Zibo) Co., Ltd. (“Youxu Zibo”)(1) | | July 29, 2021 | | PRC | | 100% | | Provision of batter swapping stations manufacturing |
| Youxu (Xiamen) Power Exchange Network Technology Co., Ltd. (“Youxu XM”)(1) | | August 10, 2021 | | PRC | | 100% | | Provision of battery swapping services |
| Wuhu Youxu New Energy Technology Co., Ltd. (“WH Youxu”) (1) | | November 12, 2021 | | PRC | | 100% | | Provision of batter swapping stations manufacturing |
| Beijing Youxu New Energy Technology Co., Ltd. (“BJ Youxu”)(1) | | December 21, 2021 | | PRC | | 100% | | Dormant Company |
| Henan Youxu New Energy Technology Co., Ltd. (“HN Youxu”) (1) | | December 1, 2022 | | PRC | | 80% | | Dormant Company |
| Tai’an Youxu New Energy Technology Co., Ltd. (“TA Youxu”) (1) | | August 22, 2022 | | PRC | | 100% | | Dormant Company |
| Zhuhai Youxu New Energy Technology Co., Ltd.(“ZH Youxu”) | | August 9, 2023 | | PRC | | 100% | | Provision of batter swapping stations manufacturing |
| Youxu New Energy Technology (Nanyang) Co., Ltd. (“NY Youxu”) (1) | | March 14, 2023 | | PRC | | 70% | | Provision of batter swapping stations manufacturing |
| Liaoning Youxu New Energy Technology Co., Ltd. (“LN Youxu”) (1) | | March 9, 2023 | | PRC | | 51% | | Provision of batter swapping stations manufacturing |
