Exhibit 8.1
List of Subsidiaries
Subsidiary | Jurisdiction | Ownership | ||
Xin Ao Construction Materials, Inc. | British Virgin Islands | 100% | ||
CACM Group NY, Inc. | New York, U.S. | 100% | ||
Beijing Ao Hang Construction Materials Technology Co., Ltd. | People’s Republic of China | 100% | ||
Beijing Xin Ao Concrete Group Co., Ltd. | People’s Republic of China | VIE | ||