China Jo-Jo Drugstores 10-K2021 FY Annual report

Filed: 29 Jun 21, 4:06pm

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Exhibit 21.1

List of Subsidiaries

Of China Jo-Jo Drugstores, Inc. (the “Company”)

Renovation Investment (Hong Kong) Co., Ltd. (“Renovation”) is a Hong Kong company and is wholly-owned by the Company.

Zhejiang Shouantang Pharmaceutical Technology Co., Ltd. (“Shouantang Technology”) is a Chinese company wholly-owned by Renovation.

Hangzhou Shouantang Bio-technology Co., Ltd. (“Shouantang Bio”) is a Chinese company wholly owned by Shouantang Technology.

Hangzhou Kahamadi Bio-technology Co., Ltd.(“Kahamadi Bio”) is a Chinese company 49% owned by Shouantang Bio.

Hangzhou Jiuyi Medical Technology Co. Ltd. (“Jiuyi Technology”) is a Chinese company wholly owned by Renovation.

Zhejiang Jiuxin Investment Management Co., Ltd. (“Jiuxin Management”) is a Chinese company wholly-owned by Renovation.

Hangzhou Qianhong Agriculture Development Co., Ltd. (“Qianhong Agriculture”) is a Chinese company wholly-owned by Jiuxin Management.

Hangzhou Jiuzhou Grand Pharmacy Chain Co., Ltd. (“Jiuzhou Pharmacy”) is a Chinese company controlled by Jiuxin Management through contractual arrangements.*

Zhejiang Jiuxin Medicine Co., Ltd. (“Jiuxin Medicine”) is a Chinese company and is wholly- owned by Jiuzhou Pharmacy.*

10.

Zhejiang Jiuzhou Linjia Medical Investment and Management Co. Ltd (“Linjia Medical”) is a Chinese company 51% held by Jiuzhou Pharmacy.*

11.

Hangzhou Jiuzhou Clinic of Integrated Traditional and Western Medicine (General Partnership) is (“Jiuzhou Clinic”) a Chinese partnership controlled by Jiuxin Management through contractual arrangements.*

12.

Hangzhou Jiuzhou Medical & Public Health Service Co., Ltd. (“Jiuzhou Service”) is a Chinese company controlled by Jiuxin Management through contractual arrangements.*

13.

Hangzhou Jiutong Medical Technology Co., Ltd. (“Jiutong Medical”) is a Chinese company and is wholly-owned by Renovation.

* Such entity is not a “subsidiary” per se as its capital stock or equity interests are not directly or indirectly owned by the Company. Such entity is a “variable interest entity” or “VIEs” and its financial statements are consolidated into that of the Company’s.

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