Item | | Name | Country of Incorporation |
| 1. | | China Direct Investments, Inc., a wholly owned subsidiary of China Direct Industries, Inc. | USA - Florida |
| 2. | | CDI China, Inc., a wholly owned subsidiary of China Direct Industries, Inc. | USA - Florida |
| 3. | | CDII Trading, Inc., a wholly owned subsidiary of China Direct Industries, Inc. | USA - Florida |
| 4. | | International Magnesium Group, Inc., ., a wholly owned subsidiary of China Direct Industries, Inc. | USA - Florida |
| 5. | | International Magnesium Trading Corp., a wholly owned subsidiary of International Magnesium Group, Inc. | Brunei |
| 6. | | CDI Shanghai Management Co., Ltd., a wholly owned subsidiary of CDI China, Inc. | China |
| 7. | | Capital One Resource Co., Ltd., a wholly owned subsidiary of CDI Shanghai Management Co., Ltd. | Brunei |
| 8. | | Shanghai Lang Chemical Co., Ltd. a 51% majority owned subsidiary of CDI China, Inc. | China |
| 9. | | Taiyuan Changxin YiWei Trading Co., Ltd., a wholly owned subsidiary of Taiyuan Chang Magnesium Co., Ltd. | China |
| 10. | | Excel Rise Technology Co., Ltd., a Brunei company and a wholly owned subsidiary of Taiyuan Chang Magnesium Co., Ltd. | Brunei |
| 11. | | CDI Magnesium Co., Ltd., a 51% majority owned subsidiary of CDI China, Inc. | Brunei |
| 12. | | Asia Magnesium Corporation Ltd., a wholly owned subsidiary of Capital One Resource Co., Ltd. | Hong Kong |
| 13. | | Shanxi Gu County Golden Magnesium Co., Ltd., a 52% majority owned subsidiary of Asia Magnesium Corporation, Ltd. | China |
| 14. | | Pan Asia Magnesium Co., Ltd., a 51% majority owned subsidiary of CDI China, Inc. | China |
| 15. | | Baotou Changxin Magnesium Co., Ltd., a 51% majority owned subsidiary of CDI China, Inc. | China |
| 16. | | CDI Jingkun Zinc Industry Co., Ltd., a 95% majority owned subsidiary of CDI Shanghai Management, | China |
| 17. | | CDI Jixiang Metal Co., Ltd., a wholly owned subsidiary of CDI China, Inc. | China |
| 18. | | Shanghai CDI Metal Recycling Co., Ltd., an 83% majority owned subsidiary of CDI Shanghai Management Co., Ltd. | China |
| 19. | | CDI (Beijing) International Trade Co., Ltd., a 51% majority owned subsidiary of CDI Shanghai Management Co., Ltd. | China |