Exhibit 8.1
List of the Registrant’s Significant Subsidiaries
| Wholly-owned Subsidiaries | Place of Incorporation | |
| Broad Cosmos Enterprises Ltd. | British Virgin Islands | |
| Air Net International Limited | British Virgin Islands | |
| Air Net (China) Limited | Hong Kong | |
| Yuehang Chuangyi Technology (Beijing) Co., Ltd. | PRC | |
| Shenzhen Yuehang Information Technology Co., Ltd. | PRC | |
| Xi’an Shengshi Dinghong Information Technology Co., Ltd. | PRC |
| Affiliated Entities Consolidated in the Registrant’s Financial Statements | Place of Incorporation | |||
| Beijing Linghang Shengshi Advertising Co., Ltd. | PRC | |||
| Wangfan Tianxia Network Technology Co., Ltd. | PRC | |||
| Beijing Yuehang Digital Media Advertising Co., Ltd. | PRC | |||
| Yuehang Sunshine Network Technology Group Co., Ltd. | PRC | |||
| Beijing Airnet Pictures Co., Ltd. | PRC | |||
| Wenzhou Yuehang Advertising Co., Ltd. | PRC | |||
| Beijing Dongding Gongyi Advertising Co., Ltd. | PRC | |||
| Beijing GreatView Media Advertising Co., Ltd. | PRC | |||
| Guangzhou Meizheng Online Network Technology Co., Ltd. | PRC | |||
| Air Esurfing Information Technology Co., Ltd. | PRC | |||
| Wangfan Linghang Mobile Network Technology Co., Ltd. | PRC | |||
| AirMedia Henglong Mobile Network Technology Co., Ltd. | PRC | |||
| Beijing Wangfan Jiaming Pictures Co., Ltd. | PRC | |||
| Meizheng Network Information Technology Co., Ltd. | PRC | |||
| Beijing Wangfan Jiaming Advertising Co.,Ltd. | PRC | |||
| Shandong Airmedia Cheweishi Network Technology Co., Ltd. | PRC | |||
| Dingsheng Ruizhi (Beiing) Investment Consulting Co., Ltd. | PRC | |||
| Yuehang Zhongying E-commerce Co., Ltd. | PRC | |||
| Beijing Airport United Culture Media Co., Ltd. | PRC | |||
| Yuehang Sunshine (Beijing) Asset Management Co., Ltd. | PRC |
