EXHIBIT 21.1

Subsidiaries of the Registrant

1. The Company’s wholly owned subsidiary, Merchant Supreme Co., Ltd., a British Virgin Islands company (“Merchant Supreme”);

2. Merchant Supreme’s wholly owned subsidiary, Prime Cheer Corporation Ltd. (“Prime Cheer”)., a Hong Kong company;

3. Prime Cheer’s wholly owned subsidiary, Pingtan Guansheng Ocean Fishing Co., Ltd.., a PRC company (“WFOE”);

4. the WFOE’s variable interest entity, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., a PRC company (“Pingtan Fishing”), which is the Company’s  operating subsidiary;

5. Pingtan Fishing’s wholly owned subsidiary, Pingtan Dingxin Fishing Information Consulting Co., Ltd., a PRC company;

6. Pingtan Fishing’s wholly owned subsidiary, Pingtan Duoying Fishing Information Consulting Co., Ltd., a PRC company; and

7. Pingtan Fishing’s wholly owned subsidiary, Pingtan Ruiying Fishing Information Consulting Co., Ltd., a PRC company.