| Name                                                                                         |   | Domicile and date ofincorporation     |   | Percentage ofownership bythe Registrant |   | Principal activities                                                           |
|----------------------------------------------------------------------------------------------|--------|------------------------------------------------------|--------|--------------------------------------------------------|--------|-------------------------------------------------------------------------------------|
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| Mix      Creation Limited (“MC”)                                                 |   | The      British Virgin IslandsNovember      7, 1997 |   | 100%                                                   |   | Investment      holding                                                             |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| Rich      Delta Limited  (“RD”)                                        |   | The      British Virgin IslandsOctober      28, 1998 |   | 100%                                                   |   | Investment      holding                                                             |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| Hero      Treasure Limited (“HT”)                                                |   | The      British Virgin IslandsApril      19, 2004   |   | 100%                                                   |   | Investment      holding                                                             |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| Keen      General Limited(“KG”)                                                  |   | The      British Virgin IslandsJuly      20, 1998    |   | 100%                                                   |   | Investment      holding                                                             |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| Delta      Link Limited(“DL”)                                                    |   | The      British Virgin IslandsOctober      29, 1998 |   | 100%                                                   |   | Investment      holding                                                             |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| New      Dragon Asia Flour (Yantai) Company Limited (“NDAFLY”)                   |   | The      PRCAugust      13, 1999                     |   | 90%      (a)                                           |   | Manufacture,      marketing and distribution of flour                               |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| New      Dragon Asia Food (Yantai) Company Limited (“NDAFY”)                     |   | The      PRCDecember      24, 1998                   |   | 90%      (b)                                           |   | Manufacture,      marketing and distribution of instant noodles                     |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| New      Dragon Asia Food (Sanhe) Company Limited (“NDAFS”)                      |   | The      PRCDecember      25, 1998                   |   | 79.64%      (b)                                        |   | Manufacture,      marketing and distribution of instant noodles                     |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| Penglai      New Dragon Jin Qiao Food Company Limited (“PNDJQ”)                  |   | The      PRCDecember      5, 2003                    |   | 100%                                                   |   | Manufacture,      marketing and distribution of flour                               |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| New      Dragon Asia (Longkou) Packing Materials Company Limited      (“NDALPM”) |   | The      PRCJanuary      10, 2006                    |   | 100%                                                   |   | Manufacture      and sale of packing materials                                      |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| New      Dragon Asia (LongKou) Food Company Limited (“NDALS”)                    |   | The      PRCMarch      17, 2005                      |   | 100%                                                   |   | Manufacture,      marketing and distribution of soybean products                    |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| Shandong      Xinlongya Industry and Trade Company Limited (“SXDC”)              |   | The      PRCSeptember      27, 2005                  |   | 100%                                                   |   | Marketing      and distribution of instant noodles, flour and soybean      products |
|                                                                                         |   |                                                 |   |                                                   |   |                                                                                |
| New      Dragon Asia Food (Chengdu) Company Limited (“NDAFC)                           |   | The      PRCFebruary      24, 2006                   |   | 90%                                                    |   | Manufacture,      marketing and distribution of instantnoodles                      |

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