**Exhibit21.1**

 

**CLST Holdings, Inc.**

 

**(formerly known as CellStarCorporation)**

 

**List of Subsidiaries and Affiliates**

 

[100% Owned by CLST 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                   |
|                                                                             |       |                       |
| National Auto Center, Inc.                                                       |       | Delaware                   |
| CLST  International Corporation/SA (f/k/a CellStar International Corporation/SA) |       | Delaware                   |
| CellStar  de Colombia Ltda.(2)                                                   |       | Colombia                   |
| CellStar  El Salvador S.A.(3)                                                    |       | El Salvador                |
| Audiomex  Export Corp.                                                           |       | Texas                      |
| NAC  Holdings, Inc.                                                              |       | Nevada                     |
| CLST-NAC,  Ltd. (f/k/a CellStar, Ltd.)(1)                                        |       | Texas Limited  Partnership |

 

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| (1)    |   | National Auto Center, Inc.  is 1% General Partner and NAC Holdings, Inc. is 99% limited partner                                                                                                                                                                                                                     |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                |
| (2)    |   | Approx. 12.5% owned by  CLST International Corporation/SA. Remaining interests owned by Mobile  Technologies Services, S.A., a Panama corporation (non-CLST Holdings, Inc.  entity) and/or related parties. This information is based on documents filed  of record at the Chamber of Commerce of Bogota, Colombia. |
|   |   |                                                                                                                                                                                                                                                                                                                |
| (3)    |   | Corporate entity  inactive and/or dormant. Pending dissolution.                                                                                                                                                                                                                                                     |

 

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