**Exhibit 21.1**

 

**CLSTHoldings, Inc.**

 

**(formerlyknown as CellStar Corporation)**

 

**Listof Subsidiaries and Affiliates**

 

[100% Owned byCLST Holdings, Inc. Unless Otherwise Indicated]

 
| **Name**                                                                                | ** ** | **Incorporation**          | ** ** |
|-----------------------------------------------------------------------------------------|------------|----------------------------|------------|
| CLST Holdings, Inc. (f/k/a CellStar  Corporation)                                  |       | Delaware                   |       |
| CLST  Financo, Inc. (f/k/a CellStar Financo, Inc.)                            |       | Delaware                   |       |
| CLST Asset I, LLC                                                                       |       | Delaware                   |       |
| FCC Investment Trust I, LLC                                                             |       | Delaware                   |       |
| CLST Asset II, LLC                                                                      |       | Delaware                   |       |
| CLST Asset Trust II, LLC                                                                |       | Delaware                   |       |
| CLST Asset III, LLC                                                                     |       | Delaware                   |       |
| CellStar Holding AB(4)                                                                  |       | Sweden                     |       |
| National Auto Center, Inc.                                                         |       | Delaware                   |       |
| CLST International Corporation/SA (f/k/a  CellStar International Corporation/SA)        |       | Delaware                   |       |
| CellStar de Colombia Ltda.(3)                                                      |       | Colombia                   |       |
| CellStar El  Salvador S.A.(4)                                                      |       | El Salvador                |       |
| CellStar de  Guatemala S.A.(4)                                                     |       | Guatemala                  |       |
| CLST International Corporation/Asia (f/k/a  CellStar International Corporation/Asia)(4) |       | Delaware                   |       |
| CellStar Philippines, Inc.(4)                                                      |       | Philippines                |       |
| Audiomex Export Corp.                                                                   |       | Texas                      |       |
| NAC Holdings, Inc.                                                                 |       | Nevada                     |       |
| CLST-NAC, Ltd. (f/k/a  CellStar, Ltd.)(1)                                     |       | Texas  Limited Partnership |       |
| CLST-NAC Fulfillment, Ltd. (f/k/a  CellStar Fulfillment, Ltd.)(2)             |       | Texas  Limited Partnership |       |
| CLST Fulfillment, Inc. (f/k/a CellStar  Fulfillment, Inc.)                    |       | Delaware                   |       |
| CellStar Netherlands Holdings, B.V.  (4)                                           |       | The  Netherlands           |       |

 

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(1)                                  NationalAuto Center, Inc. is 1% General Partner and NAC Holdings, Inc. is 99%limited partner

 

(2)                                  CLSTFulfillment, Inc. is 1% General Partner and NAC Holdings, Inc. is 99%limited partner

 

(3)                                  19%owned by CLST International Corporation/SA. Remaining 81% owned by MobileTechnologies Services, S.A., a Panama corporation (non-CLST Holdings, Inc.entity)

 

(4)                                  Corporateentity inactive and/or dormant. Pending dissolution.

 

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