Exhibit 8.1
List of Principal Subsidiaries of the Registrant
| Principal Subsidiaries | Place of Incorporation | |
| Bao Cayman | Cayman Islands | |
| CTW Inc. | Japan | |
| CTW G123 Singapore Pte, Ltd. | Singapore | |
| CTW HK Limited | Hong Kong | |
| Beijing Weiyou Chuxin Technology Co., Ltd. | PRC | |
| Shanghai Weiyouyi Chuxin Technology Co., Ltd. | PRC | |
| AinekoX Co., Ltd. | Taiwan |