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Advanced Battery Technologies, Inc. is a holding company with one direct
subsidiary: Cashtech Investment Limited, a British Virgin Islands
corporation. Cashtech Investment Limited is, in turn, a holding company with two
subsidiaries:
· Harbin ZhongQiang Power-Tech Co., Ltd. ("Harbin ZQPT"), a limited liability
company organized under the laws of the Peoples Republic of China
("PRC"). Harbin ZQPT holds the government lease of the real property on which
our primary battery operations are located. Harbin ZQPT also manages the
assets and operations of Heilongjiang ZhongQiang Power-Tech Co., Ltd., which
is also a Chinese limited liability company ("ZQ Power-Tech") under a set of
agreements between Harbin ZQPT and the registered owners of ZQ Power-Tech
pursuant to which Harbin ZQPT receives all of the benefits and assumes all of
the obligations of the business of ZQ Power-Tech.
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