Exhibit 8.1

SUBSIDIARIES OF THE REGISTRANT

Wholly Owned Subsidiaries:

• Movie-Forward Ltd. (incorporated in the British Virgin Islands)

• Charm Hong Kong Limited (incorporated in Hong Kong)

• Nanning Jetlong Technology Co., Ltd. (incorporated in the PRC)

• Media Talent International Limited (incorporated in the British Virgin Islands)

• Nanning Jetlong Technology Co., Ltd. (incorporated in the PRC)

• O’Master Communications (Hong Kong) Ltd. (incorporated in Hong Kong)

• Charm Media Co., Ltd. (incorporated in the PRC)

• Shang Xing Media Co., Ltd. (incorporated in the PRC)

• Media Port Holdings Limited (incorporated in the British Virgin Islands)

Partially Owned Subsidiaries:

• Posterscope (Hong Kong) Ltd. (incorporated in Hong Kong)

• Beijing Vizeum Advertising Co., Ltd. (incorporated in the PRC)

• Chongqing Changhui Culture Co., Ltd. (incorporated in the PRC)

Variable interest entities, each of which is incorporated in the PRC:

• Yida Charm Advertising Co., Ltd.

• Shidai Charm Advertising Co., Ltd.

• Qinghai Charm Advertising Co., Ltd.

• Beijing Charm Culture Co., Ltd.