**SUBSIDIARIES      OF THE REGISTRANT**

| Name                of Subsidiary                                            | Jurisdiction                of Incorporation                or Organization |
|------------------------------------------------------------------------------|-----------------------------------------------------------------------------|
|                                                                         |                                                                        |
| Minghua                Group International Holding (Hong Kong) Ltd.          | Hong                Kong                                                    |
|                                                                         |                                                                        |
| Minghua                Acquisition Corp.                                     | Delaware                                                                    |
|                                                                         |                                                                        |
| Shenzhen                Minghua Environmental Protection Vehicles Co. Ltd.   | China                                                                       |
|                                                                         |                                                                        |
| Ming                Hua Environmental Protection Science and Technology Ltd. | Hong                Kong                                                    |
|                                                                         |                                                                        |
| Good                View Bus Manufacturing (Holding) Co. Ltd.                | Hong                Kong                                                    |
|                                                                         |                                                                        |
| Eagle                Bus Development Ltd.                                    | Hong                Kong                                                    |
|                                                                         |                                                                        |
| Guangzhou                City View Bus Installation Co. Ltd.                 | China                                                                       |
|                                                                         |                                                                        |
| Euromax                International Investments Limited                     | Hong                Kong                                                    |
|                                                                         |                                                                        |
| Beijing                China Cardinal Real Estate Consulting Co., Ltd        | China                                                                       |
|                                                                         |                                                                        |
| Top                Team holdings Limited                                     | British                Virgin Islands                                       |
|                                                                         |                                                                        |
| Asia                Key Group Limited                                        | British                Virgin Islands                                       |
|                                                                         |                                                                        |

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