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