EX-21.1 8 f10k2018ex21-1_china.htm SUBSIDIARIES

Exhibit 21.1

Subsidiaries of China Recycling Energy Corporation

The below list represents the subsidiaries of the registrant as of December 31, 2018.

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.