EURO TECH HOLDINGS CO LTD

was organized under the laws of the BVI on September 30, 1996 for the purposes of raising capital and for acquiring all the outstanding capital stock of Euro Tech (Far East) Limited ( Far East ), a Hong Kong corporation. In March 1997, the Company acquired all the issued and outstanding capital stock of Far East and Far East became a wholly-owned subsidiary of the Company. Yixing Pact Environmental Technology Company Limited, a Chinese company ( Yixing ) and Pact Asia Pacific Limited, a BVI company ( Pact, collectively with Yixing , Pact-Yixing ) became Far East’s majority-owned subsidiaries in 2005. We acquired additional two percent (2%) and five percent (5%) equity interests in Pact and Yixing in January 2010 and July 2011, respectively, through Far East. Since then, Far East has been the holder of fifty-eight percent (58%) equity interests in Pact and Yixing respectively. In 2020, Pact-Yixing successfully developed and launched a ballast water port solution system for ship vessels and port harbors. This positions Pact-Yixing to be one of the first few companies in Asia capable of developing and selling such system for commercial use in the port and harbor sector. Far East also owns a 19.42% equity interest in Zhejiang Tianlan Environmental Protection Technology Co. Ltd. ( Blue Sky ), founded in 2000.