As of December 31, 2024 the details of the Company’s primary subsidiaries and branch are as follows:
sec.gov/Archives/edgar/data/2084806/000149315226008823/formf-1a.htm FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2024 1. ORGANIZATION AND PRINCIPAL ACTIVITIES Gravity AI (the “Company” or “Gravity") was incorporated under the laws of the Cayman Islands on June 27, 2025 as an exempted company with limited liability. The Company, conducting operation through its subsidiaries (collectively referred to as the “Group” or “Gravity Group"), is a leading provider in offering cloud-based, end-to-end global supply chain technology plaform, namely Gravity Platform, with full visibility and execution capabilities for its users. Gravity Platform, being a mission-critical and user-friendly interface platform that allows users to monitor and optimize their supply chain by reducing costs, increasing visibility, and driving improved resiliency. Currently, the Group is headquartered in Singapore and has employees based in Singapore, Hong Kong and the United Kingdom to serve a global clientele including world-known logistics providers and brand owners. In anticipation of an initial public offering (*IPO") in the stock market of United States, the Company undertook an equity restructuring (*Reorganization") in 2025 The Company, incorporated on June 27, 2025 under the laws of the Cayman Islands, is an investment holding company of the Group. During the process of Reorganization, the Company issued 182,165 ordinary shares in total, with a par value of US$0.0005 each, to the existing shareholders of Gravity Supply Chain Holdings Pte. Ltd. ("Gravity SG"), the intermediate holding company of other operating subsidiary. Effective on August 19, 2025, the Company acquired 100% equity interest of Gravity SG from its shareholders, and ultimately obtained control in Gravity SG and its subsidiary (referred to as “"Operating Subsidiaries"). The main purpose of the Reorganization was to establish a Cayman holding company for the existing business in preparation for an overseas listing. The Company together with the Operating Subsidiaries were under the ultimate control of the same group of shareholders, and their respective ownership interests remain similar immediately before and after the Reorganization completed on August 19, 2025. The Group has accounted for the Reorganization as transactions between entities under common control. Accordingly, the current capital structure has been retrospectively presented in prior periods as if such structure existed at that time, the entities under common control are presented on a consolidated basis for all periods to which such entities were under common control. Since all of the subsidiaries were under common control for the entirety of the years ended December 31, 2023 and 2024, the results of these subsidiaries are included in the financial statements for both https://www.sec.gov/Archives/edgar/data/2084806/000149315226008823/formf-1a.htm
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