Exhibit 21.1

List of Subsidiaries of Acquity Group Limited

Name	Jurisdiction of Incorporation
2020 GlobalGrowth Equities Limited	Cayman Islands
2020 Global Investments LLC	Delaware, United States
Acquity Group LLC	Delaware, United States
Cool Sports (BVI) Limited	British Virgin Islands
Cool Sports (HK) Limited	Hong Kong
Huaren Kudong Commercial Trading Co., Ltd.	People’s Republic of China
Xijiao International Limited	Cayman Islands
Xijiao Hong Kong Limited	Hong Kong

1