The subordinate enterprises of Zhejiang Fushida Group Co., Ltd.

1. Zhejiang Tea Group Company Limited

2. Zhejiang Baccarat Real Estate Development Co., Ltd..

3. Zhejiang Xinhai Investment Co., Ltd.

4. Hangzhou Jiurong Trading Co., Ltd. (Business 1)

5. Zhejiang Jiuteng Trading Co., Ltd. (Business 2)

6. Hangzhou Lvyu Trading Co., Ltd. (Business 3)

7. Zhejiang Hecheng Economic and Trade Development Co., Ltd. (Business Department 4)

8. Zhejiang Hong Jiu Industry and Trade Co., Ltd. (Business 5)

9. Zhejiang Jiuding Import and Export Co., Ltd. (Business 6)

10. Zhejiang Jiusheng Trade Development Co., Ltd. (Business 7)

1 1. Zhejiang Jiuhe Import and Export Co., Ltd. (Business No.8 Department)

12. Zhejiang Jiuxinda Clothing Co., Ltd. (Business No.9 Department)

13. Zhejiang Oulu Industry and Trade Co., Ltd. (Business Department 10)

14. Zhejiang Guangtong International Freight Co., Ltd.

15. Zhejiang Faming Guarantee Co., Ltd.

16. Zhejiang Ming Sheng Clothing Co., Ltd.

17. Zhejiang Huada Tea Co., Ltd.

18. Zhejiang Tata tea technology co., ltd.

19. Zhejiang Tea Group Shifeng Tea Co., Ltd.

20 Hangzhou Camel Tea Co., Ltd

2 1. Zhejiang linan jiucheng tea co., ltd.