Subsidiaries

Place of Incorporation

Beijing Qijin Technology Group Co., Ltd., used to be known as Beijing RYB Technology
Development Co., Ltd.
(北京启今科技集团有限公司，曾用名为北京红黄蓝科技发展有限公司)

PRC

Precious Companion Group Limited

(启元教育集团有限公司)

Hong Kong

Qiyuan Education Technology (Tianjin) Co., Ltd.

(启元教育科技(天津)有限公司)

PRC

Consolidated Variable Interest Entity

Place of Incorporation

Zhudou Investment (Beijing) Co., Ltd.
(竹兜投资（北京）有限公司)

PRC

Subsidiaries of Consolidated Variable Interest Entity

Place of Incorporation

Beijing Aizhudou Culture Development Co., Ltd.

(北京爱竹兜文化发展有限公司)

PRC

Beijing Ailuo Education Technology Co., Ltd.

(北京艾洛教育科技有限公司)

PRC