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Exhibit 8.1

LEAD REAL ESTATE CO., LTD

Subsidiaries of the Registrant

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Subsidiaries

    

Place of Incorporation

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Lead Real Estate HK Co. Limited

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Hong Kong

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Lead Real Estate Global Co., Ltd.

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Texas

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Real Vision Co., Ltd.

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Japan

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LRE Management Co., Ltd.

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Japan

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Variable Interest Entity

    

Place of Incorporation

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Lead Real Estate Cayman Limited

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Cayman Islands

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