Exhibit 21.1
List of Subsidiaries
| Name | Jurisdiction | |
| Shengde Holdings Inc. | Nevada | |
| Baoding Shengde Paper Co., Ltd | People’s Republic of China | |
| Dongfang Zhiye Holding Limited | British Virgin Island | |
| QianrongQianhui Hebei Technology Co., Ltd. | People’s Republic of China | |
| Hebei Baoding Dongfang Paper Milling Co., Ltd. | People’s Republic of China | |
| Hebei Tengsheng Paper Co. Ltd. | People’s Republic of China |