Exhibit 21.1

LIST OF SUBSIDIARIES AND CONSOLIDATED AFFILIATED ENTITIES

Subsidiaries

1. AMBOW EDUCATION CO., LTD., a Cayman Islands company

2. Ambow Education Ltd., a Cayman Islands company

3. Ambow Education Management (Hong Kong) Ltd., a Hong Kong company

4. Ambow Education (Hong Kong) Limited, a Hong Kong company

5. Ambow Dalian Education Technology Co., Ltd., a PRC company

6. Tianjin Ambow Yuhua Software Co., Ltd., a PRC company

7. Ambow Education Management Ltd., a Cayman Islands company

8. Ambow Education Group Limited, a Hong Kong company*

9. Ambow College Management Limited, a Hong Kong company

10. Ambow Training Management Limited, a Hong Kong company

11. Beijing Ambow Chuangying Education Technology Co., Ltd., a PRC company

12. Beijing Ambow Shengying Education Technology Co., Ltd., a PRC company

13. Ambow University Inc., a US company

* A dormant entity without any significant business

Consolidated Affiliated Entities

1. Beijing Ambow Shida Education Technology Co., Ltd., a PRC company

2. Ambow Sihua Education and Technology Co., Ltd., a PRC company

3. Shanghai Ambow Education Information Consulting Co., Ltd., a PRC company

4. Wenjian Gongying Venture Investment Enterprise, a fund established under the laws of the PRC

5. Beijing Ambow Rongye Education and Technology Co., Ltd. a PRC company

6. Beijing Ambow Zhixin Education and Technology Co., Ltd. a PRC company

7. IValley Co., Ltd., a Taiwan company