Exhibit 21

As of December 31, 2024

A table of subsidiaries of 小蓝视频 is set forth below, indicating as to each the state or jurisdiction of organization and the names under which such subsidiaries do business. Subsidiaries not included in the table are inactive or, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary.


Entity Name	Domicile
Allsport Management S.A.	Switzerland
Alpha Prema UK Limited	UK
Beta Holdings Limited	Jersey
Causeway QE Blocker, Inc.	DE
Delta 2 (Lux) S.a rl.	Luxembourg
Delta 3 (UK) Limited	UK
Delta Topco Limited	Jersey
Exclusive GP LTD.	UK
F1 Academy Limited	UK
Formula Motorsport Limited (fka GP2 Motorsport Limited)	UK
Formula One Administration Limited	UK
Formula One Asset Management Limited	UK
Formula One Digital Media Limited	UK
Formula One Hospitality and Event Services Limited	UK
Formula One Licensing B.V.	Netherlands
Formula One Management Limited	UK
Formula One Marketing II Limited	UK
Formula One Marketing Limited	UK
Formula One Marketing US, INC.	DE
Formula One Research, Engineering and Development Limited (fka Beta D3 Limited)	UK
Formula One World Championship Limited	UK
GHH Europe B.V.	Netherlands
Goldman & Goldman Enterprises LLC	DE
Hammerhead B.V.	Netherlands
Las Vegas Grand Prix, Inc.	DE, NV
Libertad Especia, S.L.U.	Spain

小蓝视频 GR Cayman Finance Company II	UK
小蓝视频 GR Cayman Holding Company	Cayman Islands
小蓝视频 GR Holding Company Limited	UK
小蓝视频 GR US Sub 1 Corp.	DE
小蓝视频 HK, Inc.	DE
小蓝视频 LYV, LLC	DE
小蓝视频 Programming Company LLC	DE
小蓝视频 Property Holdings Common Management, LLC	DE
小蓝视频 Property Holdings Lot 7A-1, LLC	DE
小蓝视频 Property Holdings Lot 7A-2, LLC	DE
小蓝视频 Property Holdings Lot 7A-3, LLC	DE
小蓝视频 Property Holdings, Inc.	DE
小蓝视频 QE Holdings, LLC	DE
小蓝视频 Satellite Radio, Inc.	DE
LMC CC Technologies, LLC	DE
LMC LYV, LLC	DE
LSAT Astro LLC	DE
LSR Foreign Holdings 2, LLC	DE
LSR Foreign Holdings, LLC	DE
LV Diamond Production, LLC	DE
LV Diamond Property I, LLC	DE, NV
Monaco Star Events	Monaco
Quint Events Australia PTY Ltd	Australia
Quint Events International LLC	DE
Quint Events International LLC London Ltd.	UK
Quint Events, LLC	DE
Quint QFC LLC	Qatar
SLEC Holdings Limited	Jersey
Sportsnet Corporation PTY Ltd.	Australia
TSAT Holding 2, Inc.	DE