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Exhibit 21.1
LIST OF SUBSIDIARIES OF CAPTIVISION
| Legal Name |
Jurisdiction of Incorporation | |
| Jaguar Global Growth Korea Co., Ltd. |
South Korea | |
| Captivision Korea Inc. (f/k/a GLAAM Co., Ltd.) |
South Korea | |
| G-SMATT Tech Co., Ltd. |
China | |
| G-Frame Co., Ltd. |
South Korea | |
| G-SMATT Japan Co., Ltd. |
Japan | |
| G-SMATT Hong Kong Co., Ltd. |
Hong Kong | |
| G-SMATT America Co., Ltd. |
Delaware | |
| Tian Jin CECEP Brillshow Co., Ltd. |
China |