| SCHEDULE OF MAJOR SUBSIDIARIES |
As of September 30, 2025, the Company’s major subsidiaries and VIE are as follows:
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Name |
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Place of Incorporation |
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Date of Incorporation or Acquisition |
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Percentage of Ownership |
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Principal Activities |
SBC Medical Group, Inc. |
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US |
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January 20, 2023 |
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100% |
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Investment holding |
SBC Medical Group Co., Ltd.* |
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Japan |
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June 18, 2003 |
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100% |
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Franchising, procurement, management and rental services |
Liesta Co., Ltd. |
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Japan |
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December 15, 2020 |
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100% |
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Real estate brokerage services |
SBC Sealane Co., Ltd. |
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Japan |
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June 7, 2022 |
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100% |
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Construction services |
SBC Marketing Co., Ltd. |
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Japan |
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June 30, 2022 |
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100% |
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Marketing services |
Medical Payment Co., Ltd. |
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Japan |
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June 30, 2022 |
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75% |
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Loan services |
SBC Medical Consulting Co., Ltd. |
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Japan |
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August 2, 2022 |
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100% |
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Human resource services |
MB Career Lounge Co., Ltd. |
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Japan |
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July 17, 2025 |
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100% |
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Management supporting services |
Shoubikai Medical Vietnam Co., Ltd. |
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Vietnam |
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August 29, 2013 |
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100% |
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Cosmetic clinic |
SBC Irvine, LLC * |
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United States |
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December 27, 2018 |
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100% |
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Management services for cosmetic clinic in the United States |
SBC Healthcare Inc. |
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United States |
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December 16, 2019 |
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100% |
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Management services for cosmetic clinic in the United States |
Aesthetic Healthcare Holdings Pte. Ltd. |
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Singapore |
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November 20, 2024 |
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100% |
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Investment holding |
Wen & Weng Family Clinic Pte. Ltd. ** |
|
Singapore |
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November 20, 2024 |
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100% |
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General outpatient medical services |
Wen & Weng Medical Group Pte. Ltd. ** |
|
Singapore |
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November 20, 2024 |
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100% |
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Healthcare-related businesses |
Rochor Clinic Pte. Ltd. ** |
|
Singapore |
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November 20, 2024 |
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100% |
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General outpatient medical services |
Dermasolutions Pte. Ltd. ** |
|
Singapore |
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November 20, 2024 |
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100% |
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Cosmetic and dermatological treatments and products |
Dermasolutions Services Pte. Ltd. ** |
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Singapore |
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November 20, 2024 |
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100% |
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Cosmetic services and products |
SBC MEDICAL APAC PTE, LTD. |
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Singapore |
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March 26, 2025 |
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100% |
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Asia-Pacific regional headquarters |
Aikawa Medical Management, Inc. |
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United States |
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May 10, 2017 |
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VIE |
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Management services for cosmetic clinic in the United States |
* In January 2025, the Company effected a merger in which SBC Japan and Shobikai Sub merged with and into L’Ange Sub. As a result, the separate corporate existence of SBC Japan and Shobikai Sub ceased, with L’Ange Sub continuing as the surviving company. Following the merger, L’Ange Sub changed its name to SBC Medical Group Co., Ltd., which is herein referred to as “SBC Japan.” ** Subsidiaries of Aesthetic Healthcare Holdings Pte. Ltd. (“AHH”)
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