Exhibit 21.1

Leaping Group Co., Ltd.

Subsidiaries and Variable Interest Entities of the Registrant

Name of Entity	Date of Formation	Jurisdiction of Formation	% of Ownership			Principal Activities
Subsidiaries:
Yuezhong International Co., Ltd	September 4, 2018	British Virgin Islands		100	%	Investment holding
Yuezhong Media Co., Limited	July 16, 2018	Hong Kong		100	%	Investment holding
Yuezhong (Shenyang) Technology Co., Ltd.	October, 12, 2018	PRC		100	%	Investment holding
Variable interest entities:
Leaping Media Group Co., Ltd.	November 19, 2013	PRC		Nil		Multi-Channel advertising, event planning and execution, film production
Subsidiaries of variable interest entity:
Yuezhong (Beijing) Film Co., Ltd.	May 26, 2017	PRC		Nil		Film production
Yuezhong Media (Dalian) Co., Ltd.	March 15, 2016	PRC		Nil		Advertising
Shenyang Tianniu Media Co., Ltd.	January 10, 2013	PRC		Nil		Advertising
Shenyang Xiagong Hotel Management Co., Ltd.	June 11, 2018	PRC		Nil		Hotel management
Harbin Yuechuzhong Media Co., Ltd.	January 10, 2018	PRC		Nil		Event planning and execution
Liaoning Leaping International Cinema Management Co., Ltd.	September 29, 2018	PRC		Nil		Cinema Management