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Exhibit 21.1
LIST OF SUBSIDIARIES AND VARIABLE INTEREST ENTITY
Name | Place of Incorporation | Ownership interest attributable to the Company |
NCN Group Limited | British Virgin Islands | 100% |
NCN Media Services Limited | British Virgin Islands | 100% |
Cityhorizon Limited | Hong Kong | 100% |
NCN Group Management Limited | Hong Kong | 100% |
Crown Eagle Investment Limited | Hong Kong | 100% |
Crown Winner International Limited | Hong Kong | 100% |
NCN Huamin Management Consultancy (Beijing) Company Limited ** | The PRC | 100% |
Huizhong Lianhe Media Technology Co., Ltd. ** | The PRC | 100% |
Beijing Huizhong Bona Media Advertising Co., Ltd.* | The PRC | 100% * |
Xingpin Shanghai Advertising Limited. * | The PRC | 100% * |
Chuanghua Shanghai Advertising Limited | The PRC | 100% |
Jiahe Shanghai Advertising Limited | The PRC | 100% |
* Variable interest entity which the Company exerted 100% control through a set of commercial arrangements.
** The subsidiary’s business license has been revoked.