Subsidiaries are entities wholly, or partially, controlled by FLC, which have the power, directly or indirectly, to govern the financial and operating policies of a subsidiary to obtain benefits from its activities.

Special-purpose Vehicles (SPVs) are businesses established to accomplish a narrow and well-defined objective, such as the securitization of a particular asset or the execution of a specific borrowing or lending transaction and the like.

FLC has six subsidiaries and three SPVs as follows: