Annual Report 2012 - e-KONG Group Limited

17. INTERESTS IN SUBSIDIARIES (continued)Name of subsidiaryPlace ofincorporation /operationParticulars ofissued sharecapitalEffectiveownershipinterest held bythe CompanyPrincipal activitiesDirectlyIndirectlyRMI Insurance AgencyLimitedRMI Group InternationalLimitedRelevant Marketing (HK)LimitedHong Kong HK$1 – 75% Insurance agencyHong Kong HK$100 – 38.25% Investment holdingHong Kong HK$10,000 – 75% Provision of sales andfulfilment solutionsRelevant Marketing GroupLimitedBritish VirginIslandsUS$4 – 75% Investment holdingi-Guard Direct Limited Hong Kong HK$1 – 75% Provision ofmarketing servicese-Kong Pillars HoldingsLimitedBritish VirginIslandsUS$1 100% – Investment holdingCybersite Services Pte Ltd Singapore S$100,000 – 100% Provision of domainname registrationand hosting servicesCyber Insurance BrokersLimitedHong Kong HK$5,000,000 – 75% Insurance brokerageChina Portal LimitedBritish VirginIslandsUS$1 – 100% Provision ofconsultancy services(i) & (ii)The People’sRepublic of ChinaRMB1,000,000Registeredcapital– 100% Provision of technicalconsultancy services(i)(ii)Company not audited by Mazars.A wholly foreign-owned enterprise established in the People’s Republic of China.The above summary includes those subsidiaries which, in the opinion of the Company’s directors, principally affectthe results or form a substantial portion of the net assets of the Group. The classes of shares held are ordinaryshares unless otherwise stated. To give details of other subsidiaries would, in the opinion of the directors, resultin particulars of excessive length. None of the subsidiaries had any debt securities in issue at any time during theyears ended 31 December 2012 and 2011.Annual Report 2012 67