Please wait

Exhibit 8.1

Subsidiaries of On Holding AG

Name of Subsidiary			Jurisdiction of Organization
On AG			Zurich, CH
On Brazil Ltda.			Sao Paulo, BR
On Cloud Service GmbH			Berlin, DE
On Clouds GmbH			Zurich, CH
On Clouds Inc.			Delaware, USA
On Europe AG			Zurich, CH
On Experience 1 LLC			Delaware, USA
On Experience 2 LLC			Delaware, USA
On Experience 3 LLC			Delaware, USA
On Experience 4 LLC			Delaware, USA
On Experience 5 LLC			Delaware, USA
On Experience 6 LLC			Delaware, USA
On Experience 7 LLC			Delaware, USA
On Experience 8 LLC			Delaware, USA
On Experience 9 LLC			Delaware, USA
On Experience 10 LLC			Delaware, USA
On Experience 11 LLC			Delaware, USA
On Experience 12 LLC			Delaware, USA
On Hong Kong Ltd.			Hong Kong, SAR of CN
On Inc.			Oregon, USA
On Italy S.r.l.			Milan, IT
On Japan K.K.			Yokohama, JP
On Korea Ltd.			Seoul, Korea
On Oceania Pty Ltd.			Melbourne, AU
On Running Canada Inc.			Vancouver, CA
On Running Sports Products (Shanghai) Company Ltd.			Shanghai, CN
On Running UK Ltd.			London, UK
On Vietnam Co. Ltd.			Ho Chi Minh City, VN
On Services UK Ltd.			London, UK
Brunner Mettler GmbH			Zurich, CH