| 1. | Lorenzo Jewelry Limited, a Hong Kong corporation | |
| 2. | Lorenzo Jewellery (Shenzhen) Co., Ltd., a P.R.C. corporation | |
| 3. | Shenzhen PGS Jewelry Mfg., a P.R.C. corporation | |
| 4. | Lorenzo (Shenzhen) Co., Ltd. | |
| 5. | Lorenzo Crystal Ltd., a Hong Kong corporation | |
| 6. | Enzo (Shenzhen) Co., Ltd., a P.R.C. corporation | |
| 7. | Enzo Ltd., a Macau corporation | |
| 8. | Goldleaves Gems (Shenzhen) Co., Ltd., a P.R.C. corporation |
