The following table sets forth our significant subsidiaries
as of December 31, 2011:



|Name of company                                                                       |  | Place of incorporation or establishment |  | Attributable equity interest held |   |  | Principal activity                                                                                                                        
|------------------------------------------------------------------------------------- |  | --------------------------------------- |  | --------------------------------- | - |  | ------------------------------------------------------------------------------------------------------------------------------------------
|Comloca Technology (Shenzhen) Company Limited (“Comloca”)                             |  | PRC                                     |  | 100                               | % |  | Location-based search business                                                                                                            
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Comtech Broadband Corporation Limited (“Comtech Broadband”)                           |  | Hong Kong                               |  | 70                                | % |  | Sales of electronics components and related products                                                                                      
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Comtech Communication Technology (Shenzhen) Company Limited (“Comtech Communication”) |  | PRC                                     |  | 100                               | % |  | Sales of electronics components and related products                                                                                      
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Comtech International (Hong Kong) Limited (“Comtech Hong Kong”)                       |  | Hong Kong                               |  | 100                               | % |  | Sales of electronics components and related products                                                                                      
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Comtech Software Technology (Shenzhen) Company Limited (“Comtech Software”)           |  | PRC                                     |  | 100                               | % |  | Sales of electronics components and related products and research and development of software products                                    
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Epcot Multimedia Technology (SZ) Co. Ltd. (“Epcot”)                                   |  | PRC                                     |  | 100                               | % |  | Provision of media communication and collaboration platforms and solutions                                                                
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Shenzhen Comtech International Limited (“Shenzhen Comtech”)                           |  | PRC                                     |  | 100                               | % |  | Sales of electronics components and related products (note a)                                                                             
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Shanghai E&T System Company Limited (“Shanghai E & T”)                                |  | PRC                                     |  | 100                               | % |  | Sales of electronics components and related products (note a)                                                                             
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Shenzhen Huameng Software Company Limited (“Huameng PRC”)                             |  | PRC                                     |  | 100                               | % |  | Provision of technology and engineering services, outsourcing, network system integration and related training and maintenance services   
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Viewtran Technology (Shenzhen) Co., Limited (“Viewtran PRC”)                          |  | PRC                                     |  | 100                               | % |  | Provision of media communication and collaboration platforms and solutions                                                                
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Comtech Digital Technology (Hong Kong) Limited (“Comtech Digital”)                    |  | Hong Kong                               |  | 60                                | % |  | Sales and development of digital and industrial applications, microcontrollers and complementary products                                 
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Comtech Industrial (Hong Kong) Limited (“Comtech Industrial”)                         |  | Hong Kong                               |  | 100                               | % |  | Sales and development of industrial applications, microcontrollers and complementary products                                             
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Mega Sky (Shenzhen) Limited (“Mega Sky SZ”)                                           |  | PRC                                     |  | 100                               | % |  | Provision of industrial and microcontroller based system solutions and research and development of software products                      
|                                                                                      |  |                                         |  |                                   |   |  |                                                                                                                                           
|Mega Smart (Shenzhen) Limited (“Mega Smart SZ”)                                       |  | PRC                                     |  | 100                               | % |  | Provision of industrial and microcontroller based system solutions on customer, industrial, automotive, smart meter and smart grid markets







| | Note a | The Company
                                                                                  exercises its control over Shenzhen Comtech,
                                                                                  which in turn, has 95% equity interest in Shanghai
                                                                                  E&T, through legal arrangements between
                                                                                  Comtech (China) Holding Limited (“Comtech
                                                                                  China”), a wholly-owned subsidiary of
                                                                                  the Company, and Shenzhen Comtech’s legal
                                                                                  shareholders (“Legal Shareholders”),
                                                                                  Jeffrey Kang, CEO of the Group, Huimo Chen,
                                                                                  the mother of Jeffrey Kang, and Honghui Li,
                                                                                  the Vice President of the Group. In 2006, Jeffrey
                                                                                  Kang executed an agreement to transfer his 99%
                                                                                  equity interest in Shenzhen Comtech to Honghui
                                                                                  Li. The Legal Shareholders agreed to hold the
                                                                                  equity interest in Shenzhen Comtech on behalf
                                                                                  of Comtech China, and waived their full rights
                                                                                  and risks of ownership of the equity interests
                                                                                  in favor of Comtech China.
| | ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The legal shareholders of Shanghai E&T is Shenzhen
Comtech and Honghui Li with equity interests of 95% and 5% respectively. Honghui Li entered into and is bound by similar legal
arrangements with Comtech China relating to his holding of 5% equity interest in Shanghai E&T on behalf of Comtech China waiving
his full rights and risks of ownership of the equity interests in favor of Comtech China.