Jianghuai Holdings has several subsidiaries.

24.

1. According to the inquiry, Anhui Xingrui Gear Transmission Co., Ltd. is mainly engaged in the research, development, production and sales of automobile transmission systems and parts.

2. Anhui Jianghuai Anchi Automobile Co., Ltd.: Focus on the research and development, production and sales of new energy vehicles, and strive to promote the sustainable development of transportation.

3. Hefei Jianghuai Automobile Financing Guarantee Co., Ltd.: Provide automobile financing and guarantee services, and support Jianghuai automobile sales and customer car purchase.

4. Jianghuai Automobile (Fuyang) Co., Ltd.: It is a production base established by Jianghuai Automobile in Fuyang, mainly producing automobiles and related parts.

5. Anhui Ankai Automobile Co., Ltd.: specializes in manufacturing and selling buses, including city buses and tourist buses.