Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 222

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 222
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 (“Shanghai Shangjituopu”)                        |     | July 14, 2025         |     | PRC                    |     | 100%                  |     | 92.7%                           |
| Huanshu Cloud Chain (Shanghai) Technology Co., Ltd (“Huanshu Cloud Chain”)                                                     |     | July 03, 2025         |     | PRC                    |     | 100%                  |     | 92.7%                           |

Reorganization

As of July 1, 2022, Mr. Dejun Wang and his immediate family members (the “Wang family”), indirectly controlled Shanghai Jiansu through their control over the board of directors and the significant decisions of Shanghai Jiansu are made at the board level. In addition, matters voted upon at the shareholder level are not considered significant decisions and other shareholders are not able to change the composition of the board of directors.

From August 2022 to October 2024, Shanghai Jiansu underwent a series of reorganizations. In October 2022, the registered capital of Shanghai Jiansu was increased to RMB 1 billion. And in September 2023, one of the Company’s shareholders made the cash contribution of RMB 10 million, approximately $1.4 million.

In preparation for the Company’s initial public offering (“IPO”) in the United States, the following transactions were undertaken to reorganize the legal structure of the Company. Jiansu was incorporated in connection with a group reorganization (the “Reorganization”).

On March 8, 2025, the Company incorporated WFOE under the laws of PRC. In March, 2025, WFOE entered into a serial of equity interest transfer agreements to acquire 92.705% equity interest of Shanghai Jiansu from a few shareholders, for a cash consideration of approximately $11.9 million (approximately RMB84.5 million) in the aggregate to be satisfied by the issue and allotment by Jiansu of 20,000,000 ordinary shares of par value $0.0001 each. After the reorganization, WFOE owned 92.7% of Shanghai Jiansu.

Throughout the series of reorganizations, the Wang family maintained control over Shanghai Jiansu with the majority of voting interests.

| F-6 |

During the years presented in these consolidated financial statements, the control of the entities has never changed (always under the control of Wang family).