Hongli Clean Energy Technologies (CETC) Inactive 10-K2015 FY Annual report

Filed: 13 Oct 15, 12:00am

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New words: aforesaid, agency, ancillary, attached, authenticity, Baidu, Bairu, Baitui, CETC, CFO, closer, contractor, defection, deficit, delisting, double, draft, enacted, enactment, entry, forfeited, friendly, fromBaofeng, Fulong, gradual, Guofu, Guomao, hope, Inbound, jumped, labeled, launched, localgovernmental, merge, merged, mid, mini, Missing, MOFCM, MOFCOM, network, orally, overcome, partly, Pingxiang, pipeline, popular, privilege, pure, rare, rationalize, regain, regained, regime, reopen, Reply, restrained, scarcity, Shannxi, Shilong, solicited, SPV, stage, sulfide, superseded, technique, temporarily, timetable, transformation, transforming, trio, truthfully, twomian, UCG, unpredictable, unstable, usage, vending, viability, weaker

Removed: amended, amortize, annum, Baonuo, bearing, Beijing, binomial, borrow, borrower, building, commencing, excluding, exploitable, Hongxin, iv, maturing, Ming, nominee, onsite, owed, piped, preferred, Pudong, registering, rental, representing, revision, separated, SPDB, Sunling, theoretically, tunnel, write, Xian

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Exhibit 21

Subsidiaries of Hongli Clean Energy Technologies Corp.

1. Top Favour Limited (“Top Favour”), a British Virgin Islands company, is wholly owned by the registrant.

2. Pingdingshan Hongyuan Energy Science and Technology Development Co., Ltd. (“Hongyuan”), a limited liability company in the People’s Republic of China (“PRC”), is wholly owned by Top Favour.

3. Henan Province Pingdingshan Hongli Coal & Coke Co., Ltd. (“Hongli”), a limited liability company in the PRC, is controlled by Hongyuan through contractual arrangements.

4. Baofeng Hongchang Coal Co., Ltd. (“Hongchang Coal”), a limited liability company in the PRC, is wholly owned by Hongli.

5. Baofeng Hongguang Power Co., Ltd., a limited liability company in the PRC, is wholly owned by Hongli.

6. Baofeng Hongrun Coal Chemical Co., Ltd., a limited liability company in the PRC, is wholly owned by Hongli.

7. Zhonghong Energy Investment Company, a company in the PRC, is wholly owned by Hongli.

8. Baofeng Xingsheng Coal Co., Ltd., a limited liability company in the PRC, is 60% owned by Hongli.

9. Baofeng Shuangrui Coal Co., Ltd., a limited liability company in the PRC, is wholly owned by Hongchang Coal.

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