Jurisdiction of

 Name of Subsidiary

Incorporation or Organization

Percentage of Ownership

Porter Group Limited

Republic of Seychelles

100%

Porter Perspective Business Group Limited

Hong Kong

100%

Shenzhen Qianhai Porter Industrial Co. Ltd.

PRC

100%

Shenzhen Portercity Investment Management Co. Ltd.

PRC

Variable interest entity

Shenzhen Yihuilian Information Consulting Co. Ltd.

PRC

100% by Shenzhen Portercity Investment Management Co. Ltd.

Shenzhen Porter Warehouse E-Commerce Co. Ltd.,

PRC

100% by Shenzhen Portercity Investment Management Co. Ltd.

Weifang Porter City Commercial Management Company Limited

PRC

60% by Shenzhen Portercity Investment Management Co. Ltd.

Shenzhen Porter Commercial Perspective Network Co., Ltd.,

PRC

100% by Shenzhen Portercity Investment Management Co. Ltd.

Shenzhen Qianhai Maihuolang E-Commerce Co., Ltd.

PRC

57% by Shenzhen Porter Warehouse E-Commerce Co. Ltd.