Farmmi Inc

In July 2024, Farmmi USA Inc (“Farmmi USA”), a wholly-owned subsidiary of Farmmi, Inc., a Cayman Islands company (the “Company”), formed Suppchains Group Inc (“Suppchains”), a California corporation. Farmmi USA owns directly 75% of the outstanding shares of Suppchains, with the remaining 25% owned by Ttone Trucking Inc, a California company owned by Hui Xu, an unrelated third party.

In October 2024, Suppchains formed a wholly-owned subsidiary, Suppchains Transport Inc (“Suppchains Transport”), a California corporation. Suppchains and Suppchains Transport will mainly conduct warehousing and logistics services business in the Company’s operational expansions in the U.S.

On November 4, 2024, the Company formed a new subsidiary, Zhejiang Famimi Biotechnology Co., Ltd. (“Famimi”), in Lishui, China, with the Company’s wholly-owned subsidiaries, Zhejiang Suyuan Agricultural Technology Co., Ltd and Lishui Farmmi E-Commerce Co. Ltd, owning 95% and 5%, respectively, of the equity of Famimi. Famimi will primarily be focused on agricultural product export trading business for edible fungi and other agricultural products.