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Exhibit 21.1
CARAVELLE INTERNATIONAL GROUP
List of Subsidiaries
Upon completion of the Business Combination, Caravelle International Group (“PubCo”)’s subsidiaries will be as follows:
Subsidiaries | Jurisdiction of Formation | Percentage of Economic Ownership |
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Caravelle Group Co., Ltd (“Caravelle”) |
Cayman Islands | 100% owned subsidiary of PubCo |
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Pacifico Acquisition Corp. (“Pacifico”) |
Delaware | 100% owned subsidiary of PubCo |
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SGEX Group Co., Ltd (“SGEX”) | British Virgin Islands (“BVI”) |
100% owned subsidiary of Caravelle |
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Topsheen Shipping Group Corporation (“Topsheen Samoa”) | Samoa | 90% owned subsidiary of SGEX |
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Topsheen Shipping Singapore Pte. Ltd (“Topsheen Shipping”) | Singapore | 61% owned subsidiary of Topsheen Samoa |
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Topsheen Bulk Singapore Pte. Ltd (“Topsheen Bulk”) | Singapore | 100% owned subsidiary of Topsheen Shipping |
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Singapore Garden Technology Pte. Ltd. (“Garden Technology”) | Singapore | 100% owned subsidiary of SGEX |