EX-8.1 2 v309320_ex8-1.htm EXHIBIT 8.1
Exhibit 8.1
 
Significant Subsidiaries
 
A summary of our subsidiaries and Chinese affiliated entity, or variable interest entity, and its subsidiaries as of December 31, 2011 is as follows:

Name
  
Date of
incorporation or
acquisition
  
Percentage of
legal
ownership
  
Place of
incorporation
Subsidiaries of the Company
            
CMR Web-learning Co., Ltd. ("CMR Web")
  
July 29, 1999
     70 %
PRC
Hongcheng Technology Development Co., Ltd. ("Hongcheng Technology")
  
July 31, 2000
     100 %
PRC
Beijing Xuezhi Times Education Science Co., Ltd. ("Beijing Xuezhi")
  
October 18, 2001
     100 %
PRC
Zhong Nongda Networks Development Co., Ltd. ("Zhongnongda Networks")
  
October 30, 2001
     55 %
PRC
Beijing Haidian District New Door Training School (“Haidian Training School”)   April 7, 2011     55 % PRC
Beijing Hongcheng Liye Technology Co., Ltd. ("Hongcheng Liye")
  
April 15, 2003
     100 %
PRC
Dalian Dongcai Technology Co., Ltd. ("Dongcai")
  
June 4, 2003
     70 %
PRC
Beijing WITT Education Consultant Management Co., Ltd. ("WITT Education")
  
July 4, 2003
     100 %
PRC
BJ-WITT EDU MAN. LTD. ("BJ-WITT")
  
July 4, 2003
     100 %
BVI
Chongqing Chongda Yuanxing Co., Ltd. ("Chongda")
  
December 24, 2003
     51 %
PRC
Beijing BCIT Science and Education Management Consulting Limited ("Beijing BCIT")
  
January 13, 2005
     100 %
PRC
Beijing Gotop Education Co., Ltd. ("Gotop Hongcheng")
  
December 26, 2005
     100 %
PRC
Beijing BCIT Science and Education Management Consulting Limited ("BJ-BCIT")
  
February 10, 2006
     100 %
BVI
Beijing Distance Education Technology Co., Ltd. ("Yuancheng Education")
  
March 31, 2006
     65 %
PRC
Tianjin Gaotuo Hongcheng Education Technology Co., Ltd. ("Tianjin Gaotuo Hongcheng")
  
June 26, 2006
     100 %
PRC
Beijing Beiyuda Education Technology Co., Ltd. ("Beiyuda")
  
September 26, 2006
     51 %
PRC
 
 
 
 
 
Name
  
Date of
incorporation or
acquisition
  
Percentage of
legal
ownership
  
Place of
incorporation
Beijing Mingdaoyuan Technology Co., Ltd. ("Beijing Mingdao")
  
March 27, 2007
     51 %
PRC
Shanghai Shangcai Education Technology Co., Ltd. ("Shanghai Shangcai")
  
April 18, 2008
     51 %
PRC
Dongcai Online Training Center ("Dongcai Online")
  
July 10, 2008
     70 %
PRC
Beijing Zhonglin Technology Co., Ltd. ("Zhonglin")
  
November 3, 2008
     51 %
PRC
Guangxi Hongcheng Times Technology Development Co., Ltd. ("Guangxi Hongcheng")
  
February 10, 2009
     51 %
PRC
Fuzhou Haojiaoshi Distance Education Service Co., Ltd. ("Fuzhou Good Teacher")
  
December 7, 2009
     51 %
PRC
 Beijing Hongcheng xueyuan Technology Co., Ltd.   ("Hongcheng Xueyuan")
  
 October 31, 2010
     100 %
 PRC
Nanning Hongcheng Xueyuan Technology Development Co., Ltd ("Nanning Hongcheng Xueyuan ")
  
October 31, 2010
     51 %
PRC
Hangzhou Hongcheng Education Training Service Co., Ltd ("Hangzhou Hongcheng Xueyuan")
  
October 31, 2010
     60 %
PRC
Guangzhou Hongcheng Huixiang Education Technology Co., Ltd. (Guangzhou Hongcheng”)   January 4, 2011     51 % PRC
Zhejiang Hongcheng Education Technology Co., Ltd. (“Zhejiang Hongcheng”)   June 30, 2011     51 % PRC
               
Variable Interest Entity of the Company
              
Beijing Hongcheng Education Technology Co., Ltd. ("Hongcheng Education")
  
March 7, 2005
     N/A  
PRC
               
Subsidiaries of Variable Interest Entity
              
Beijing Gotop Electronic Science Co., Ltd. ("Gotop Electronic") (1)
  
November 29, 1995
     N/A  
PRC
Xiandai Xingye Network Technology Co., Ltd.  ("Xiandai Technology") (1)
  
November 7, 2000
     N/A  
PRC
Pingdingshan Wellent Bilingual School ("Pingdingshan") (1)
  
September 3, 2002
     N/A  
PRC
Anqing Foreign Language Middle School ("Anqing Foreign Language") (1)
  
August 2, 2004
     N/A  
PRC
Jingzhou Tianchang Investment Co., Ltd. ("Tianchang") (2)
  
September 6, 2005
     N/A  
PRC
Jingzhou Middle School South Campus ("South Campus") (3)
  
December 28, 2005
     N/A  
PRC
Beijing Hongcheng YoYo Technology Co., Ltd. ("Hongcheng YoYo") (1)
  
November 3, 2009
     N/A  
PRC
Anqing Daguan Hongcheng Anwai Training Centre ("Anqing Daguan") (1)
  
April 15, 2010
     N/A  
PRC
Pingdingshan Hongcheng Education Training Centre ("Pingdingshan Training Centre") (1)
  
August 11, 2010
     N/A  
PRC
Hongyuanboxue Technology Co., Ltd ("Hongyuanboxue") (4)
  
August 24, 2010
     N/A  
PRC
Beijing Xicheng District Hongcheng Training School (“Xicheng Training School”) (1)   January 6, 2011      N/A   PRC 
 
(1) 
Wholly owned subsidiary of Hongcheng Education (variable interest entity of the Company)
(2) 
72.5% of its equity interest is held by Hongcheng Education (variable interest entity of the Company)
(3) 
54% of its equity interest is held by Hongcheng Education (variable interest entity of the Company)
(4)
55% of its equity held by Hongcheng Education (variable interest entity of the Company) and 45% of its equity held by Hongcheng Technology (wholly owned subsidiaries of the Company).