The immediate holding company of the Company is Dragon Ocean Holdings Limited which is a company incorporated in Hong Kong and a wholly owned subsidiary of Timeless Resources Holdings Limited, the shares of which are listed on GEM of the Stock Exchange under the stock code of 8028. Timeless Group is principally engaged in (i) the exploration, development and exploitation of mines and trading of metal; and (ii) research, development and sales agency of bio and nano materials products as well as software maintenance and development services. In addition, Timeless Group has investments in various projects including e-sports tournament services, nano applications as well as smart farming solution and services.