Attached files
| file | filename |
|---|---|
| 10-K - NEW DRAGON ASIA CORP | v217881_10k.htm |
| EX-32.2 - NEW DRAGON ASIA CORP | v217881_ex32-2.htm |
| EX-32.1 - NEW DRAGON ASIA CORP | v217881_ex32-1.htm |
| EX-31.2 - NEW DRAGON ASIA CORP | v217881_ex31-2.htm |
| EX-31.1 - NEW DRAGON ASIA CORP | v217881_ex31-1.htm |
EXHIBIT 21.1
|
Name
|
Domicile and date of
incorporation
|
Percentage of
ownership by
the Registrant
|
Principal activities
|
||||
|
Mix Creation Limited (“MC”)
|
The British Virgin Islands
November 7, 1997
|
100 | % |
Investment holding
|
|||
|
Rich Delta Limited (“RD”)
|
The British Virgin Islands
October 28, 1998
|
100 | % |
Investment holding
|
|||
|
Hero Treasure Limited (“HT”)
|
The British Virgin Islands
April 19, 2004
|
100 | % |
Investment holding
|
|||
|
Keen General Limited
(“KG”)
|
The British Virgin Islands
July 20, 1998
|
100 | % |
Investment holding
|
|||
|
Delta Link Limited
(“DL”)
|
The British Virgin Islands
October 29, 1998
|
100 | % |
Investment holding
|
|||
|
New Dragon Asia Flour (Yantai) Company Limited (“NDAFLY”)
|
The PRC
August 13, 1999
|
90 | % (a) |
Manufacture, marketing and distribution of flour
|
|||
|
New Dragon Asia Food (Yantai) Company Limited (“NDAFY”)
|
The PRC
December 24, 1998
|
90 | % (b) |
Manufacture, marketing and distribution of instant noodles
|
|||
|
New Dragon Asia Food (Sanhe) Company Limited (“NDAFS”)
|
The PRC
December 25, 1998
|
79.64 | % (b) |
Manufacture, marketing and distribution of instant noodles
|
|||
|
Penglai New Dragon Jin Qiao Food Company Limited (“PNDJQ”)
|
The PRC
December 5, 2003
|
100 | % |
Manufacture, marketing and distribution of flour
|
|||
|
New Dragon Asia (Longkou) Packing Materials Company Limited (“NDALPM”)
|
The PRC
January 10, 2006
|
100 | % |
Manufacture and sale of packing materials
|
|||
|
New Dragon Asia (LongKou) Food Company Limited (“NDALS”)
|
The PRC
March 17, 2005
|
100 | % |
Manufacture, marketing and distribution of soybean products
|
|||
|
Shandong Xinlongya Industry and Trade Company Limited (“SXDC”)
|
The PRC
September 27, 2005
|
100 | % |
Marketing and distribution of instant noodles, flour and soybean products
|
|||
|
New Dragon Asia Food (Chengdu) Company Limited (“NDAFC)
|
The PRC
February 24, 2006
|
90 | % |
Manufacture, marketing and distribution of instant noodles
|
|||
(a) NDAFLY is a contractual joint venture established in the PRC to be operated for 50 years until August 13, 2049. In September 2000, MC contributed 90% of the registered capital to NDAFLY. Under the joint venture agreement dated June 1, 1999 and the supplemental agreement dated June 26, 1999, the Chinese joint venture partner is entitled to receive a pre-determined annual fee and is not responsible for any profit or loss of NDAFLY effective from June 26, 1999. In view of the profit sharing arrangement, NDAFLY is regarded as 100% owned by the Company. The annual fee has been charged to General and Administrative Expenses for the years ended December 25, 2010 and 2009.
(b) NDAFY and NDAFS are contractual joint ventures established in the PRC to be operated for 50 years until December 24, 2048. In March 1999, RD contributed 90% of the registered capital to NDAFY, while KG contributed 79.64% of the registered capital to NDAFS. Under the joint venture agreements dated November 28, 1998 and the supplemental agreement dated December 26, 1998, the PRC joint venture partner is entitled to receive a pre-determined annual fee and is not responsible for any profit or loss of NDAFY and NDAFS effective from December 26, 1998. In view of the profit sharing arrangements, NDAFY and NDAFS are regarded as 100% owned by the Company. The annual fees have been charged to General and Administrative Expenses for the years ended December 25, 2010 and 2009.