Exhibit 21.1
SmartHeat Inc. and subsidiaries as of December 31, 2012
Subsidiary Name | Jurisdiction of Incorporation | Percentage Owned | |||
SmartHeat Taiyu (Shenyang) Energy Technology Co., Ltd. | People’s Republic of China | 100% | |||
* SmartHeat (Shenyang) Heat Pump Technology Co., Ltd. | People’s Republic of China | 98.8% | (1) | ||
*SmartHeat Deutschland GmbH | Germany | 100% | |||
SanDeKe Co., Ltd. | People’s Republic of China | 100% | |||
SmartHeat Siping Beifang Energy Technology Co., Ltd. | People’s Republic of China | 100% | |||
SmartHeat (China) Investment Co., Ltd. | People’s Republic of China | 100% | |||
* SmartHeat (Shenyang) Energy Equipment Co., Ltd. | People’s Republic of China | 100% | |||
SmartHeat (Shanghai) Trading Co., Ltd. | People’s Republic of China | 100% | (2) | ||
Beijing SmartHeat Jinhui Energy Technology Co., Ltd. | People’s Republic of China | 52% | (3) | ||
Hohhot Ruicheng Technology Co., Ltd. | People’s Republic of China | 51% | (4) |
* Indicates subsidiary of a subsidiary.
(1) | SmartHeat Taiyu (Shenyang) Energy Technology Co., Ltd. holds 95% of the equity interest in SmartHeat (Shenyang) Heat Pump Technology Co., Ltd., with the remaining 5% of the equity interest held by Shenyang Economic and Technological Development Zone State-owned Assets Management Co., Ltd. |
(2) | Effective as of November 9, 2011, SmartHeat Inc. terminated the contractual arrangements by which it controlled and was entitled to 100% of the profit or loss of SmartHeat (Shanghai) Trading Co., Ltd. and acquired direct control over the entity. |
(3) | SmartHeat Inc. controls 52% of Beijing SmartHeat Jinhui Energy Technology Co., Ltd. pursuant to a joint venture agreement entered into with the minority owner, Beijing Jun Tai Heng Rui Investment Consulting Co. Ltd. |
(4) | SmartHeat Inc. controls 51% of Hohhot Ruicheng Technology Co., Ltd. pursuant to a joint venture agreement entered into with the minority owners, Hohhot Chengfa Heating Co. Ltd. and Beijing Taiyu Huineng Machinery and Electronic Equipment Co. Ltd. |