Guardforce AI Co., Limited F3 Shelf registration | GFAI 1 Feb 22

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Name of Subsidiary	Jurisdiction of Organization	Percentage of Ownership
Guardforce AI Holdings Limited	British Virgin Islands		100	%
Guardforce Cash Solutions Security (Thailand) Co., Limited	Thailand		99.07	%
Guardforce AI Singapore Pte. Ltd.	Singapore		100	%
Guardforce AI (Hong Kong) Co., Limited	Hong Kong		100	%
Southern Ambition Limited	British Virgin Islands		100	%
Horizon Dragon Limited	British Virgin Islands		100	%
Guardforce AI Group Co., Limited	Thailand		100	%
Guardforce AI Robots Limited	British Virgin Islands		100	%
Handshake Networking Limited	Hong Kong		51	%
GFAI Robotics Group Co., Limited	British Virgin Islands		100	%
GFAI Robot Service (Hong Kong) Limited	Hong Kong		100	%
GF Robotics Malaysia Sdn. Bhd.	Malaysia		100	%

Guardforce AI Co., Limited (GFAI) F-3Shelf registration (foreign)