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EXHIBIT 18.1
LIST OF SUBSIDIARIES
Percentage of equity interest
Place of Held by the Held by
Name incorporation Company subsidiaries Principal activities
- ---------------------------------- -------------- ----------- ------------ ---------------------------------
Dongguan Xinda Giftware Company Mainland China 100% Manufacturing of die-cast and
Limited injection-molded plastic products
Luen Tat Mould Manufacturing Limited The British 90% Provision of technical support
Virgin Islands service on mold production
Luen Tat Model Design Company Limited The British 51% Design and production of molds
Virgin Islands and tooling models
Onchart Industrial Limited The British 55% Provision of technical support
Virgin Islands service on mold production
Hua Yang Holdings Company Limited Cayman Islands 100% Investment holding
Hua Yang Printing Holdings Company Hong Kong 100% Printing and assembly of books
Limited and specialty packaging
Shenzhen Hua Yang Printing Company Mainland China 100% Printing and assembly of books
Limited, formerly known as "Shenzhen and specialty packaging
Huaxuan Printing Products Company
Limited"
Corgi Classics Holdings Limited United Kingdom 100% Investment holding
Corgi Classics Limited United Kingdom 100% Design, marketing and
distribution of die-cast
collectibles
Icon Collectibles Limited United Kingdom 100% Design, marketing and
distribution of die-cast
collectibles
Lledo Collectibles Limited United Kingdom 100% Design, marketing and
distribution of die-cast
collectibles
Corgi Classics Inc. United States of 100% Design, marketing and
America distribution of die-cast
collectibles
Wealthy Holdings Limited The British 100% Inactive
Virgin Islands
Guangzhou Jin Yi Advertising Company Mainland China 90% Inactive
Limited
Zindart Limited Bermuda 100% Inactive
Bassett Lowke Limited United Kingdom 100% Inactive
Corgi Sales Limited United Kingdom 100% Inactive
Corgi Toys Limited United Kingdom 100% Inactive
Blow-ko Limited United Kingdom 100% Inactive
Bassett Lowke (Railways) Limited United Kingdom 100% Inactive
Corgi Collectors Limited United Kingdom 100% Inactive