Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 12

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 12
---
. (the
“ VIE”) was incorporated on August 23, 2017, and is the holding company for all its wholly owned PRC subsidiaries. Nanjing
Yanqing Information Technology Co., Ltd., (“ Nanjing Yanqing”) was incorporated on May 17, 2018 and Nanjing Yanyu Information
Technology Co., Ltd. (“ Nanjing Yanyu”) was incorporated on June 7, 2018 and commenced operations in July 2018. Their primary
business is to provide technical and other support for International Exchange and HKDAEx’s online collectible, art and commodities
e-commerce business, and to sell software applications and provide support services to our affiliates and third parties.

Kashi Longrui Business Management Services Co.,
Ltd. (“ Kashi Longrui”), a wholly-owned subsidiary of Nanjing Yanqing, was incorporated on July 19, 2018 and commenced operations
in August 2018. Its primary business is to provide online and offline marketing services for our e-commerce platform’s members and
other related services.

Kashi Dongfang Cangpin Culture Development Co.,
Ltd. (“ Kashi Dongfang”), a wholly-owned subsidiary of Nanjing Yanqing, was incorporated on August 29, 2018 and commenced operations
in September 2018. Its primary focus is to provide online and offline warehouse management services for our e-commerce platform’s
members.

Zhongcang Warehouse Co., Ltd. (“ Zhongcang”)
was incorporated on July 19, 2018 and is a joint venture by Kashi Longrui with third parties, namely Zhonglianxin Industry Group (Hunan)
Co., Ltd., Nanjing Zhonghao Culture Media Limited, and Zhengjiang Culture Tourism International Cultural and Creative Industry Park Development
Co., Ltd. to provide warehouse services to our customers. Kashi Longrui owned 18% of Zhongcang.

On April 18, 2018, HKDAEx Limited (“ HKDAEx”) was incorporated
under Hong Kong law. On May 9, 2019, we acquired all of the outstanding equity interests of HKDAEx from its original shareholder-HKFAEX
Group Limited (“ HKFAEX”) for a consideration of 2,400,000 ordinary shares (pre forward share split in November 2019) of the
Company. Effective from May 9, 2019, HKDAEx became our wholly-owned subsidiary. HKDAEx provided our customers