| F.L. TWO ENTERPRISE LIMITED | Private company limited by shares | Dissolved |
| Mokurou (FL) Limited | Private company limited by shares | Live |
| F&L1214 LIMITED | | Live |
| F.L.A Corp Limited | Private company limited by shares | Live |
| FLACK & KURTZ ASIA, LIMITED | Private company limited by shares | Live |
| Flacomm Electronic Co., Limited | Private company limited by shares | Live |
| RED FLAG LIMITED | Private company limited by shares | Live |
| SKY FLAG LIMITED | Private company limited by shares | Live |
| FLAG LIMITED | Private company limited by shares | Live |
| FLAG ADA LIMITED | Private company limited by shares | Dissolved |
| LEE FLAG LIMITED | Private company limited by shares | Live |
| FLAG LIMITED | Private company limited by shares | Live |
| YAA FLAG LIMITED | Private company limited by shares | Live |
| H FLAG CAPITAL ADVISORS LIMITED | Private company limited by shares | Live Commenced dormancy on 08-Jul-2011 |
| RED FLAG (ASIA) LIMITED | Private company limited by shares | Dissolved |
| FLAG CAPITAL LIMITED | Private company limited by shares | Dissolved |
| CHAMPION FLAG LIMITED | Private company limited by shares | Dissolved |
| CHINA RED FLAG INDUSTRY & TRADE LIMITED | Private company limited by shares | Dissolved |
| CHINA RED FLAG MAGAZINE INVESTMENT LIMITED | Private company limited by shares | Live |
| FIRST CHINA MOTOR INTERNATIONAL (RED FLAG) LIMITED | Private company limited by shares | Dissolved |
| Flag Cloud Capital Limited | Private company limited by shares | Live |
| ZY FLAG CO., LIMITED | Private company limited by shares | Live |
| Best Flag Co., Limited | Private company limited by shares | Live |
| AIM V FLAG & DISPLAY CO., LIMITED | Private company limited by shares | Live |
| FLAG ELECTRONICS CO., LIMITED | Private company limited by shares | Live |
| REFINE FLAG & DISPLAY CO., LIMITED | Private company limited by shares | Live |
| Red Flag Solution Co., Limited | Private company limited by shares | Live |
| Flag Space Co., Limited | Private company limited by shares | Live |
| PAK FLAG DESIGN CO. LIMITED | Private company limited by shares | Dissolved |
| East Flag Manufacturing Co., Limited | Private company limited by shares | Live |
| Flag Engineering Limited | Private company limited by shares | Live |
| FLAG AND GEAR COMPANY LIMITED | Private company limited by shares | Dissolved |
| GLOBAL FLAG LIMITED | Private company limited by shares | Live |
| GLORIOUS FLAG LIMITED | Private company limited by shares | Dissolved |
| GOLD FLAG LIMITED | Private company limited by shares | Live |
| GOLD FLAG MC COMPANY LIMITED -THE- | Private company limited by shares | Live |
| RED FLAG GROUP LIMITED -THE- | Private company limited by shares | Live |
| VIRTUE FLAG GROUP LIMITED | Private company limited by shares | Dissolved |
| FLAG ASIA HONG KONG LIMITED | Private company limited by shares | Dissolved |
| HUMAN FLAG LIMITED | Private company limited by shares | Live |
| GLORIOUS FLAG INDUSTRIAL LIMITED | Private company limited by shares | Dissolved |
| Flag Number Industrial Limited | Private company limited by shares | Live |
| FLAG CAPITAL INVESTMENT LIMITED | Private company limited by shares | Live |
| GLORY FLAG INVESTMENT LIMITED | Private company limited by shares | Dissolved |
| FLAG INVESTMENTS LIMITED | Private company limited by shares | Dissolved |
| SKY FLAG INVESTMENTS LIMITED | Private company limited by shares | Dissolved |
| FIRST FLAG (HONG KONG) LIMITED | Private company limited by shares | Live |
| LUCKY FLAG COMPANY LIMITED | Private company limited by shares | Dissolved |
| MAIN FLAG INVESTMENTS LIMITED | Private company limited by shares | Dissolved |
| FLAG Capital Management (Asia) Limited | Private company limited by shares | Dissolved |
| Red Flag Brand Management Co., Limited | Private company limited by shares | Live |
| Red Flag Parking Management Limited | Private company limited by shares | Live |
| F.L.A.G. MOTORS LIMITED | Private company limited by shares | Live |
| NEW FLAG NETWORK SYSTEM LIMITED | Private company limited by shares | Dissolved |
| FLAG OCEAN LIMITED | Private company limited by shares | Dissolved |
| OCEAN FLAG LIMITED | Private company limited by shares | Live |
| Ping Flag Limited | Private company limited by shares | Live |
| PING FLAG (HONG KONG) LIMITED | Private company limited by shares | Dissolved |
| FLAG POWER LIMITED | Private company limited by shares | Live |
| RED FLAG PRODUCTION LIMITED | Private company limited by shares | Dissolved |
| COMMODORE FLAG PROPERTIES LIMITED | Private company limited by shares | Dissolved |
| TWO SHAKES FLAG & PROMOTION CO., LIMITED | Private company limited by shares | Live |
| BYL FLAG SHANGHAI CO., LIMITED | Private company limited by shares | Live |
| SHANGHAI HUA DONG RED FLAG CABLE CO., LIMITED | Private company limited by shares | Live |
| SHANGHAI TOTEM FLAG CO., LIMITED | Private company limited by shares | Live |
| FLAG SIGN LIMITED | Private company limited by shares | Dissolved |
| SILVER FLAG COMPANY LIMITED | Private company limited by shares | Dissolved |
| SILVER FLAG INVESTMENTS LIMITED | Private company limited by shares | Dissolved |
| SMART FLAG ENTERPRISE LIMITED | Private company limited by shares | Dissolved |
| SOUTH FLAG LIMITED | Private company limited by shares | Dissolved |
| FLAG Squadron Asia Limited | Private company limited by shares | Live |
| Flag Technology Limited | Private company limited by shares | Live |
| FLAG THEORY LIMITED | Private company limited by shares | Live |
| HK SIX FLAG TRADE LIMITED | | Live |
| FLAG TRADING LIMITED | Private company limited by shares | Live |
| GAIN FLAG TRADING LIMITED | Private company limited by shares | Live |
| LONG FLAG TRANSPORTATION LIMITED | Private company limited by shares | Dissolved |
| FLAG VICTORY E & M LIMITED | Private company limited by shares | Dissolved |
| Victory Flag Limited | Private company limited by shares | Live |
| Flag63 Limited | Private company limited by shares | Live |
| FLAGATE LIMITED | Private company limited by shares | Dissolved |
| FLAGATE LIMITED | Private company limited by shares | Live |
| Hongkong Flagchip Semiconductor Co., Limited | | Live |
| FLAGFIELD LIMITED | Private company limited by shares | Dissolved |
| FLAGFORT ENTERPRISES LIMITED | Private company limited by shares | Live |
| FLAGG ENTERPRISES LIMITED | Private company limited by shares | Dissolved |
| FLAGHILL LIMITED | Private company limited by shares | Dissolved |
| FLAGKIN LIMITED | Private company limited by shares | Dissolved |
| FLAGLER LIMITED | Private company limited by shares | Live |
| FLAGLES PLASTIC COMPANY LIMITED | Private company limited by shares | Live |
| flaglobe Limited | Private company limited by shares | Dissolved |
| HK OCEAN FLAGMOBI LIMITED | | Live |
| FLAGMOON LIMITED | Private company limited by shares | Live |
| FLAGON LIMITED | Private company limited by shares | Dissolved |
| FLAGPOINT INVESTMENT LIMITED | Private company limited by shares | Dissolved |
| Flagradiance International Limited | Private company limited by shares | Live |
| FLAGRAGON LIMITED | Private company limited by shares | Live |
| Flagrant Sauce Limited | Private company limited by shares | Live |
| FLAGRICH LIMITED | Private company limited by shares | Live |
| FLAGRO GROUP LIMITED | Private company limited by shares | Live |