| Schedule of ownership percentages |
Consolidated subsidiaries of the Company as of June 30, 2024, are as follows.
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Major business activities |
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Captivision Korea, Inc. (formerly known as GLAAM Co., Ltd.) |
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Manufacture & distribute G-Glass |
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100.00 |
% |
Jaguar Global Growth Korea Co., Ltd. |
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Exchange subsidiary |
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100.00 |
% | As a subsidiary of the Company, Captivision Korea, Inc. has consolidated subsidiaries as of June 30, 2024, as follows.
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Major business activities |
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G-Frame Co., Ltd. (G-Frame) |
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Manufacture G-Glass related products |
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100.00 |
% |
G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe) |
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Distribute G-Glass |
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76.55 |
% |
G-SMATT Tech |
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Distribute G-Glass |
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100.00 |
% |
G-SMATT America |
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Distribute G-Glass |
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54.63 |
% | Consolidated subsidiaries of the Company as of December 31, 2023, are as follows.
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Major business activities |
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Captivision Korea, Inc. (formerly known as GLAAM Co., Ltd.) |
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Manufacture & distribute G-Glass |
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100.00% |
Jaguar Global Growth Korea Co., Ltd. |
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Exchange subsidiary |
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100.00% | As a subsidiary of the Company, Captivision Korea, Inc. has consolidated subsidiaries as of December 31, 2023, as follows.
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Major business activities |
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G-Frame Co., Ltd. (G-Frame) |
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Manufacture G-Glass related products |
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100.00 |
% |
G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe) |
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Distribute G-Glass |
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76.55 |
% |
G-SMATT Tech |
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Distribute G-Glass |
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100.00 |
% |
G-SMATT America |
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Distribute G-Glass |
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54.63 |
% |
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Consolidated subsidiaries of the Company as of December 31, 2023, are as follows.
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Major business activities |
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Captivision Korea, Inc. (formerly known as GLAAM Co., Ltd.) |
|
Manufacture & distribute G-Glass |
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100.00 |
% |
Jaguar Global Growth Korea Co., Ltd. |
|
Exchange subsidiary |
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100.00 |
% | As a subsidiary of the Company, Captivision Korea, Inc. has consolidated subsidiaries as of December 31, 2023, as follows.
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Major business activities |
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G-Frame Co., Ltd. (G-Frame) |
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Manufacture G-Glass related products |
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100.00 |
% |
G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe) |
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Distribute G-Glass |
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76.55 |
% |
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Distribute G-Glass |
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100.00 |
% |
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Distribute G-Glass |
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54.63 |
% | Information of subsidiaries as of and for the twelve months ended December 31, 2023 (before elimination of intercompany transactions): Consolidated Subsidiaries as of December 31, 2022
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Major business activities |
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G-Frame Co., Ltd. (G-Frame) |
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Manufacture G-Glass related products |
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100.00 |
% |
G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe) (*) |
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Distribute G-Glass |
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76.55 |
% |
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Distribute G-Glass |
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100.00 |
% |
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Distribute G-Glass |
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54.63 |
% |
| (*) |
On November 30, 2022, G-SMATT Europe acquired 100% ownership of Inflectix Limited (“Inflectix”) as a wholly owned subsidiary for USD 301,654. Inflectix was incorporated on July 11, 2018, by Orhan Ertughrul, G-SMATT Europe’s chief executive officer. It is located in Gloucestershire, United Kingdom and provides high level technical expertise service in biotechnology investment consulting field. |
| (**) |
In 2022, certain minority shareholders of G-SMATT America Co., Ltd (an equity method associate located in CA, USA) sold all their shares, a total of 1,470,116 shares, to the Company. As a result, the Company’s ownership in G-SMATT America Co., Ltd. increased by 12.00% from 42.63% to 54.63% and became the major shareholder. G-SMATT America Co., Ltd. is subject to consolidation from the date of the majority ownership change on July 1, 2022. |
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| Schedule of information of subsidiaries before elimination of intercompany transactions |
Information of subsidiaries as of and for the six months ended June 30, 2024 (before elimination of intercompany transactions):
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| |
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(Unit: USD) |
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Comprehensive
income (loss) |
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| Captivision Korea, Inc. |
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30,456,245 |
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29,807,262 |
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15,250,660 |
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2,261,115 |
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2,261,115 |
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| G-Frame |
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3,953,783 |
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6,985,668 |
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47,379 |
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(562,445 |
) |
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(562,445 |
) |
| G-SMATT Europe |
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350,683 |
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7,177,306 |
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14,602 |
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(205,707 |
) |
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(558,502 |
) |
| G-SMATT Tech |
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6,054 |
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5,998,309 |
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— |
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452 |
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(308,679 |
) |
| G-SMATT America |
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26,287 |
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4,023,262 |
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9,424 |
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(433,708 |
) |
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(708,081 |
) |
| Jaguar Global Growth Korea Co., Ltd. |
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128 |
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721,418 |
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— |
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(155 |
) |
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(155 |
) | Information of subsidiaries as of December 31, 2023 and for the six months ended June 30, 2023 (before elimination of intercompany transactions):
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(Unit: USD) |
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For the six months ended June 30, 2023 |
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Comprehensive
income (loss) |
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| G-Frame |
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4,327,690 |
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6,976,169 |
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571,632 |
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(390,109 |
) |
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(390,109 |
) |
| G-SMATT Europe |
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335,725 |
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7,037,675 |
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72,701 |
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(465,040 |
) |
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(653,707 |
) |
| G-SMATT Tech |
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5,123 |
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6,077,379 |
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793 |
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(128,028 |
) |
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(111,189 |
) |
| G-SMATT America |
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31,698 |
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3,558,071 |
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365,117 |
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(791,754 |
) |
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(788,365 |
) |
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(Unit: USD) |
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Comprehensive
income (loss) |
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| G-Frame |
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4,327,690 |
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6,976,169 |
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1,330,525 |
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(770,472 |
) |
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(963,675 |
) |
| G-SMATT Europe |
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335,725 |
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7,037,675 |
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528,274 |
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(1,992,481 |
) |
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(2,336,322 |
) |
| G-SMATT Tech |
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5,123 |
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6,077,379 |
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776 |
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(77,173 |
) |
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(56,037 |
) |
| G-SMATT America |
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31,698 |
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3,558,071 |
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365,164 |
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(3,948,508 |
) |
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(3,893,128 |
) |
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| Information of subsidiaries as of and for the twelve months ended December 31, 2022 (before elimination of intercompany transactions):
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(Unit: USD) |
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Comprehensive
income (loss) |
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| G-Frame |
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7,558,305 |
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6,826,664 |
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1,563,390 |
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(1,313,838 |
) |
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(1,423,354 |
) |
| G-SMATT Europe |
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1,451,597 |
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5,908,020 |
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208,741 |
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(955,207 |
) |
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(761,722 |
) |
| G-SMATT Tech |
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74,730 |
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6,245,793 |
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37,607 |
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(537,693 |
) |
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(130,280 |
) |
| G-SMATT America (*) |
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3,413,876 |
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3,001,074 |
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3,271,530 |
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(3,116,733 |
) |
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(3,255,977 |
) |
| (*) |
Sales, net income (loss) and comprehensive income (loss) associated with G-SMATT America were recognized for six months from the date of majority ownership change by the Company. |
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