Exhibit21.1
Subsidiaries of China Recycling Energy Corporation
| Subsidiary Name | Jurisdiction of Incorporation | Percentage Owned | ||||
| Sifang Holdings Co., Ltd. | Cayman Islands | 100 | % | |||
| Shanghai Yinghua Financial Leasing Co., LTD | People’s Republic of China | 100 | % | |||
| Shanghai TCH Energy Technology Co., Ltd.* | People’s Republic of China | 100 | % | |||
| Huahong New Energy Technology Co., Ltd.* | People’s Republic of China | 100 | % | |||
| Xi’an TCH Energy Technology Co., Ltd.* | People’s Republic of China | 100 | % | |||
| Erdos TCH Energy Saving Development Co., Ltd. | People’s Republic of China | 100 | % | |||
| Xi’an Zhonghong New Energy Technology Co., Ltd.* | People’s Republic of China | 90 | % | |||
| Hongyuan Recycling Energy Investment Management Beijing Co., Ltd.* | People’s Republic of China | 40 | % | |||
| Zhongxun Energy Investment (Beijing) Co., Ltd* | People’s Republic of China | 100 | % | |||
| * | Indicates subsidiary of a subsidiary. |
