Exhibit 21.1 

Zhong Yang Financial Group Limited

List of Subsidiaries

Name of Subsidiary	Jurisdiction of Incorporation or Organization
ZYSL (BVI) Limited	British Virgin Islands
ZYCL (BVI) Limited	British Virgin Islands
ZYAL (BVI) Limited	British Virgin Islands
ZYNL (BVI) Limited	British Virgin Islands
ZYTL (BVI) Limited	British Virgin Islands
Zhong Yang Securities Limited	Hong Kong
Zhong Yang Capital Limited	Hong Kong
WIN100 Tech Limited	British Virgin Islands