**SUBSIDIARIES      OF THE REGISTRANT**

| Name                  of Subsidiary                                                                 |   | Jurisdiction                  of Incorporationor                  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**                                                                      |
|                                                                                                |   |                                                                           |
| **Keytop                  Holding Limited**                                                         |   | **Hong                  Kong**                                                 |
|                                                                                                |   |                                                                           |
| **Top                  Team holdings Limited**                                                      |   | **British                  Virgin Islands**                                    |
|                                                                                                |   |                                                                           |
| **Asia                  Key Group Limited**                                                         |   | **British                  Virgin Islands**                                    |
|                                                                                                |   |                                                                           |
|                                                                                                |   |                                                                           |

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