| NAME OF SUBSIDIARY                                     |         | PERCENT OWNERSHIP |
|------------------------------------------------------------------|--------------|------------------------|
|                                                             |         |                   |
| Nanchang      Best Animal Husbandry Co., Ltd.                    |         |                   |
| Shanghai      Best Animal Husbandry Co., Ltd.                    |         |                   |
| Guangxi      Huijie Sci. & Tech. Feed Co., Ltd.              |         |                   |
| Shandong      AgFeed Agribusiness Co., Ltd.                      |         |                   |
| Hainan      HopeJia Feed Co., Ltd.                               |         |                   |
| Lushan      Breeder Pig Farm Co., Ltd.                           |         |                   |
| Jiangxi      Best Swine Development Co. Ltd.                     |         |                   |
| Wannian      Xiandai Animal Husbandry Limited Liability Co. Ltd. |         |                   |
| Jiangxi      Huyun Livestock Co., Ltd.                           |         |                   |
| Ganzhou      Green Animal Husbandry Develop. Co., Ltd.           |         |                   |
| Gang      Feng Animal Husbandry Co., Ltd.                        |         |                   |
| Yichun      Tianpeng Domestic Livestock Farm, Ltd.               |         |                   |
| Zhejiang      Pinghu Yongxin Hog Farm                            |         |                   |
| Shanghai      Fengxian Hog Farm                                  |         |                   |
| Shanghai      Tuanxi Hog Farm                                    |         |                   |
| Shanghai      Senrong Hog Farm                                   |         |                   |
| Fujian      Xiamen Muxin Hog Farm                                |         |                   |
| Xiamen      Yuanshengtai Food Co., Ltd.                          |         |                   |
| Jiangxi      Zhiliang Hog Farm                                   |         |                   |
| Shanghai      WeiSheng Hog Raising Co., Ltd.                     |         |                   |
| Nanping      Minkang Hog Farm                                    |         |                   |
| Guangdong      Lianjiang Xinfa Hog Farm                          |         |                   |
| Guangxi      Nanning Wanghua Hog Farm                            |         |                   |
| Guangxi      Linxing Hog Farm                                    |         |                   |
| Nanning      Shunhua Hog Farm Co., Ltd.                          |         |                   |
| Nanning      Shunan Hog Farm Co., Ltd.                           |         |                   |
| Guangxi      Guigang Gangda Hog Farm                             |         |                   |
| Guangxi      Gangxuan Hog Farm Co., Ltd.                         |         |                   |
| Guangxi      Xingye Guihong Hog Farm                             |         |                   |
| Hainan      Haikou Meilan Hog Farm                               |         |                   |
| Hainan      Haikou Wohao Hog Farm                                |         |                   |
| Guangxi      Guilin Fuzhi Hog Farm                               |         |                   |
| Fujian      Jianhua Hog Farm                                     |         |                   |
| Fujian      Fengxiang Agribusiness Co., Ltd.                     |         |                   |
| Nanping      Kangda Animal Husbandry Co., Ltd.                   |         |                   |
| Fujian      Jianxi Breeder Hog Farm Co., Ltd.                    |         |                   |
| Jiangxi      AgFeed Agricultural Development Co.,Ltd.            |         |                   |
| Dahua      AgFeed Animal Husbandry Co.,Ltd.                      |         |                   |
| AgFeed      Industries, Inc. (BVI)                               |         |                   |
| AgFeed      Industries Holdings, Inc. (BVI)                      |         |                   |
| AgFeed      International Protein Technology Corp. (BVI)         |         | 65.1                   |
| Hypor      AgFeed Breeding Company (BVI)                         |    | 85                     |

| * | Except      as otherwise specifically indicated, all subsidiaries are organized and      existing under the laws of the People's Republic of China and are owned      100% by AgFeed or one of itssubsidiaries. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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