EX-21.1 2 exhibit21-1.htm SUBSIDIARIES Filed by Automated Filing Services Inc. (604) 609-0244 - Cathay Merchant Group, Inc. - Exhibit 21.1

List of Subsidiaries



Name of Subsidiary 		Jurisdiction of
Incorporation or
Organization 		Percentage Share
Ownership as of
December 31, 2005
Cathay Merchant Group Ltd. Samoa 100%
Cathay Merchant Group (Shanghai)
Wind Energy Co., Ltd. (1) 		People’s Republic of
China 		100%
Cathay Merchant Group (Nevada), Inc. Nevada 100%
AWP Aluminium Walzprodukte GmbH
(1)		 Germany
100%
MAW Mansfelder Aluminiumwerke
GmbH (2) 		Germany
100%
AFM Aluminiumfolie Merseburg
GmbH (1) 		Germany
100%

(1)

Wholly-owned by Cathay Merchant Group Ltd.

(2)

Wholly-owned by AWP Aluminium Walzprodukte GmbH