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. | Intelligent Valley Polytron Technologies Inc., a Taiwan company |
