Description of subsidiaries
| Name |
|
Place of incorporation
and kind of
legal entity |
|
Principal activities
and place of operation |
|
Particulars of
issued/
registered share
capital |
|
Effective
interest
held |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liaoning Nengfa Weiye Energy Technology Co. Ltd (“Nengfa
Energy”) |
|
The PRC, a limited liability company |
|
Production of a variety of industrial valve components which are
widely used in water supply and sewage system, coal and gas fields,
power generation stations, petroleum and chemical industries in the
PRC |
|
US$ |
3,580,880 |
|
100 |
% |
| |
|
|
|
|
|
|
|
|
|
|
| Liaoning
Nengfa Weiye Tei Fa Sales Co., Ltd. (“Sales
Company”) |
|
The PRC, a
limited liability company |
|
Sales and
marketing of valves components and products in the PRC |
|
RMB |
5,000,000 |
|
99 |
% |
|