Deyu Agriculture (DEYU) 10-K 2014 FY Annual report

Exhibit 21

Subsidiaries

	Domicile and			Percentage
	Date of	Registered		of
Name of Subsidiary	Incorporation	Capital		Ownership			Principal Activities
City Zone Holdings Limited ("City Zone")	British Virgin Islands, July 27, 2009	$	20,283,581		100	%	Holding company of Most Smart
Most Smart International Limited ("Most Smart")	Hong Kong, March 11, 2009	$	1		100	%	Holding company of Shenzhen Redsun
Redsun Technology (Shenzhen) Co., Ltd. ("Shenzhen Redsun")	The PRC, August 20, 2009	$	30,000		100	%	Holding company of Shenzhen JiRuHai, Taizihu and Huichun
Shenzhen JiRuHai Technology Co., Ltd.("Shenzhen JiRuHai")	The PRC, August 20, 2009	$	14,638		100	%	Holding company of Beijing Detian Yu
Detian Yu Biotechnology (Beijing) Co., Ltd. ("Detian Yu")	The PRC, November 30, 2006	$	7,637,723		100	%	Wholesale distribution of simple-processed and deep-processed packaged food products and staple food. Holding company of the following first five entities.
JinzhongDeyu Agriculture Trading Co., Ltd. ("JinzhongDeyu")	The PRC, April 22, 2004	$	1,492,622		100	%	Organic grains preliminary processing and wholesale distribution.
JinzhongYongcheng Agriculture Trading Co., Ltd. ("JinzhongYongcheng")	The PRC, May 30, 2006	$	1,025,787		100	%	Corns preliminary processing and wholesale
JinzhongYuliang Agriculture Trading Co., Ltd. ("JinzhongYuliang")	The PRC, March 17, 2008	$	13,963,243		100	%	Corns preliminary processing and wholesale distribution.
Tianjin Guandu Food Co., Ltd. ("Tianjin Guandu")(1)	The PRC, June 21, 2011	$	1,544,497		100	%	Wholesale distribution of simple-processed and deep-processed packaged food products and staple food.
HebeiYugu Grain Co., Ltd. ("HebeiYugu")	The PRC, July 25, 2011	$	1,563,824		70	%	Wholesale distribution of grain products and operating or acting as an agent of import & export business for grain products.
Shanxi Taizihu Food Co., Ltd. (“Taizihu”) (2)	The PRC, July 27, 2003	$	1,208,233		100	%	Producing and selling fruit beverages and soybean products.
Shanxi HuiChun Bean Products Co., Ltd. (“Huichun”) (2)	The PRC, September 2, 2007	$	2,636,192		100	%	Producing and selling fruit beverages and soybean products.
Jilin Jinglong Agriculture Development Limited (“Jinglong”)	The PRC, October 10, 2012	$	3,152,138		99	%	Procurement, storage and sales of corn and grain.

(1) Tianjin Guandu has completed a deregistration procedure with Tianjin Industrial and Commercial Bureau on May 28, 2014.

(2) Taizihu and Huichun became the wholly-owned subsidiaries of the Company on February 2, 2012 through a business acquisition. They have been within the scope of consolidation since February 2, 2012.