EX-21.1 4 f10k2019ex21-1_china.htm SUBSIDIARIES OF CHINA RECYCLING ENERGY CORPORATION

Exhibit 21.1

Subsidiaries of China Recycling Energy Corporation

The below list represents the subsidiaries of the registrant as of December 31, 2019.

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.