| Schedule of Company's Principal Subsidiaries |
As of December 31, 2025, the
details of the Company’s principal subsidiaries are as follows:
| Major subsidiaries | | Percentage of
Ownership | | Date of
Incorporation | | Place of
Incorporation | | Major Operation | | Powerbridge Holding Limited (“Powerbridge HK”) | | 100% by X3 | | July 27, 2018 | | Hong Kong, PRC | | Investment holding | | Hong Kong Hongyi Holdings Limited (“Hongyi”) | | 100% by X3 | | April 24, 2023 | | Hong Kong, PRC | | Investment holding | | Hongding Technology Co., Ltd (“Hongding”) | | 100% by X3 | | July 28, 2020 | | Hong Kong, PRC | | Investment holding | | Powercrypto Inc | | 100% by X3 | | April 5, 2022 | | USA | | Management consultancy services | | X3 HOLDINGS PTE. LTD. (“X3 HOLDINGS”) | | 100% by X3 | | November 8, 2023 | | Singapore | | Investment holding | | Hong Kong Anxin Jieda Co., Limited (“Anxin Jieda”) (1) | | 100% by X3 | | November 30, 2021 | | Hong Kong, PRC | | Investment holding | | Creation Intelligent Co., Limited (“Creation Intelligent”) (2) | | 100% by X3 | | August 6, 2024 | | Hong Kong, PRC | | Investment holding | | X3 Technologies PTE. LTD. | | 100% by X3 HOLDINGS | | July 22, 2024 | | Singapore | | Software application and technology services | | Powerbridge Technology Group Co., Ltd. (“Powerbridge Zhuhai”) | | 100% by
Powerbridge HK | | October 30, 1997 | | the PRC | | Software application and technology services | | Powerstream Supply Chain Co., Ltd. (“Powerstream”) | | 100% by
Powerbridge HK | | August 17, 2021 | | the PRC | | Supply chain business | | Powermeta Digital Co., Ltd. (“Powermeta”) | | 100% by
Powerbridge HK | | January 21, 2022 | | the PRC | | Software application and technology services | | Powerbridge Digital Trade (HK) Co., Limited | | 51% by
Powerbridge HK | | June 26, 2023 | | Hong Kong, PRC | | Investment holding | | SmartConn Co.Limited(“SmartConn”) | | 50.99% by
Powerbridge HK | | December 14, 2020 | | Hong Kong, PRC | | Investment holding | | Powerbridge Technology (Zhuhai Economic and Technological Development Zone) Co., Ltd | | 100% by Powerbridge HK | | November 27, 2025 | | the PRC | | Software application and technology services | | PicAIGames Technology Co., Ltd. (PicAIGames) | | 100% by Creation | | May 23, 2024 | | the PRC | | Software application and technology services | | Major subsidiaries | | Percentage of
Ownership | | Date of
Incorporation | | Place of
Incorporation | | Major Operation | | Hongxi Data Technology Co., Ltd. | | 70% by
Powerbridge Zhuhai | | February 8, 2021 | | Macau | | Software application and technology services | | Zhuhai Hongyang Supply Chain Co., Ltd. (“Zhuhai Hongyang”) | | 60% by
Powerbridge Zhuhai | | July 21, 2021 | | the PRC | | Supply chain business | | Ningbo Zhijing Tongfu Technology Co., Ltd. (“Ningbo Zhijing”) (3) | | 51% by
Powerbridge Zhuhai | | April 25, 2021 | | the PRC | | software application and technology services | | Metafusion Digital Co., Ltd (“Metafusion”) | | 66% by
Powermeta Digital | | February 15, 2022 | | the PRC | | Software application and technology services | | Shanghai Stamp Technology Co., Ltd. | | 100% by SmartConn | | December 9, 2018 | | the PRC | | Software application and technology services | | Ascendent Insight Education Co., Ltd. (“Ascendent”) (1) | | 90% by Anxin Jieda | | January 7, 2020 | | the PRC | | Software application and technology services | | Xingtai Ningyao Technology Co., Ltd. (1) | | 100% by Ascendent | | December 17, 2022 | | the PRC | | Software application and technology services | | Shenzhen Hongchuangxin Technology Co., Ltd.(“Hongchuangxin”) | | 100% by Hongyi | | October 31, 2022 | | the PRC | | Trading | | PicAIGames Technology Co., Ltd. (“PicAIGames”) (2) | | 51% by Creation | | May 23, 2024 | | the PRC | | Mobile game development and operating |
| (1) | On July 29, 2025, the Company completed the transaction to sell 100% equity interests of its wholly-owned subsidiary, Anxin Jieda, and its subsidiaries (details refer to Note 4). | | | | | (2) | On August 1, 2025, the Company completed the acquisition of Creation Intelligent. (details refer to Note 3). | | | | | (3) | The Company completed the deregistration procedures on November 28, 2025. |
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