What is a non-holding subsidiary?

Paragraph 2 of Judicial 14 stipulates that a company may set up subsidiaries, which have the status of enterprise legal persons and independently bear civil liabilities according to law. When a company holds shares in another company, the former is the parent company and the latter is the subsidiary company. A subsidiary is a wholly-owned subsidiary when the parent company holds 100% of the shares, a holding subsidiary with more than 50% of the shares, and a relatively holding subsidiary with less than 50% of all shareholders (such as 40: 30: 30).