| TOP MORALE LIMITED | Private company limited by shares | Live |
| WELL MORALE INVESTMENT (CHINA) CO. LIMITED | Private company limited by shares | Dissolved |
| CLEVER MORALE LIMITED | | Live |
| FOREVER MORALE LIMITED | | Live |
| GREAT MORALE LIMITED | Private company limited by shares | Live |
| CONNECTED MORALE (HONG KONG) LIMITED | Private company limited by shares | Live |
| MORALE TECHNOLOGY (HONG KONG) LIMITED | Private company limited by shares | Live |
| MORALE INTERNATIONAL LIMITED | Private company limited by shares | Dissolved |
| GIANT MORALE INTERNATIONAL LIMITED | Private company limited by shares | Live |
| LIBERAL MORALE INTERNATIONAL LIMITED | Private company limited by shares | Live |
| MORALE INVESTMENT LIMITED | Private company limited by shares | Dissolved |
| SENSIBLE MORALE (HONG KONG) LIMITED | Private company limited by shares | Live |
| WIDE MORALE LIMITED | Private company limited by shares | Live |
| WIDE MORALE LIMITED | Private company limited by shares | Live |
| Marco Moraleda Limited | Private company limited by shares | Live |