Exhibit 8.1
LIST OF SUBSIDIARIES
| Percentage of | ||||||||||||
| Equity Interest | ||||||||||||
| Held by | Held by | Principal | ||||||||||
| Name of company | Place of incorporation | the Company | Subsidiaries | Activities | ||||||||
| Master Replicas, Inc. | California, United States of America | 100% | Design, marketing and distribution of movie and television prop replicas. | |||||||||
| Master Replicas Hong Kong | Hong Kong | 100% | Product Sourcing | |||||||||
| Popco Distribution Limited | United Kingdom | 100% | Distribution of gifts and collectibles | |||||||||
| Wealthy Holdings Limited | The British Virgin Islands | 100% | — | Inactive | ||||||||
| Luen Tat Mould Manufacturing Limited | The British Virgin Islands | 100% | — | Inactive | ||||||||
| Luen Tat Mould Design Company Limited | The British Virgin Islands | — | 100% | Inactive | ||||||||
| Onchart Industrial Limited | The British Virgin Islands | 100% | — | Inactive | ||||||||
| Popco Entertainment Holdings LTD | United Kingdom | 100% | — | Investment holding | ||||||||
| Popco Entertainment (UK) LTD | United Kingdom | — | 100% | Design, marketing and distribution of die-cast collectibles | ||||||||
| PopCo Entertainment (USA) Inc. | Delaware, United States of America | — | 100% | Design, marketing and distribution of die-cast collectibles | ||||||||
| Icon Collectibles Limited | United Kingdom | — | 100% | Inactive | ||||||||
| Lledo Collectibles Limited | United Kingdom | — | 100% | Inactive | ||||||||
| Bassett Lowke Limited | United Kingdom | — | 100% | Inactive | ||||||||
| Percentage of | ||||||||||||
| Equity Interest | ||||||||||||
| Held by | Held by | Principal | ||||||||||
| Name of company | Place of incorporation | the Company | Subsidiaries | Activities | ||||||||
| Corgi Sales Limited | United Kingdom | — | 100 | % | Inactive | |||||||
| Corgi Toys Limited | United Kingdom | — | 100 | % | Inactive | |||||||
| Blow-ko Limited | United Kingdom | — | 100 | % | Inactive | |||||||
| Bassett Lowke (Railways) Limited | United Kingdom | — | 100 | % | Inactive | |||||||
| Corgi Collectors Limited | United Kingdom | — | 100 | % | Inactive | |||||||