Exhibit 8.1

TOP Financial Group Limited

List of Subsidiaries

Name of Subsidiary		Jurisdiction of Incorporation or Organization
ZYAL (BVI) Limited		British Virgin Islands
ZYCL (BVI) Limited		British Virgin Islands
ZYFL (BVI) Limited		British Virgin Islands
ZYIL (BVI) Limited		British Virgin Islands
ZYNL (BVI) Limited		British Virgin Islands
ZYPL (BVI) Limited		British Virgin Islands
ZYSL (BVI) Limited		British Virgin Islands
ZYTL (BVI) Limited		British Virgin Islands
ZYXL (BVI) Limited		British Virgin Islands
Zhong Yang Securities Limited		Hong Kong
Zhong Yang Capital Limited		Hong Kong
WIN100 TECH Limited		British Virgin Islands
WIN100 WEALTH LIMITED		British Virgin Islands
Winrich Finance Limited		Hong Kong
TOP ASSET MANAGEMENT PTE.LTD.		Singapore
TOP FINANCIAL PTE.LTD.		Singapore
TOP 500 SEC PTY LTD		Australia