| LIPAI LIMITED | | Live |
| LIPAI POWER TECHNOLOGY CO., LIMITED | Private company limited by shares | Live |
| LIPAI TRADING CO., LIMITED | Private company limited by shares | Dissolved |
| Lipai Culture Company Limited | | Live |
| LIPAI GROUP (SHANGHAI) ELECTRICAL LIMITED | Company limited by guarantee | Live |
| LIPAI ENTERPRISE LIMITED | Private company limited by shares | Dissolved |
| GUANGDONG LIPAI TRADING LIMITED | Private company limited by shares | Live |
| HONGKONG LIPAI INTERNATIONAL CO., LIMITED | Private company limited by shares | Dissolved |
| FRANCE LIPAI (INTERNATIONAL) CLOTHING & ACCESSORIES LIMITED | Private company limited by shares | Dissolved |
| LIPAI INTERNATIONAL CO., LIMITED | Private company limited by shares | Live |
| LIPAI INTERNATIONAL HOLDINGS LIMITED | Private company limited by shares | Live |
| LIPAI MATERIAL LIMITED | Private company limited by shares | Dissolved |
| LIPAI LIGHTING TECH (HK) CO., LIMITED | Private company limited by shares | Live |
| LIPAI TRADING LIMITED | | Live |
| YIWU LIPAI TRADE CO., LIMITED | Private company limited by shares | Live |