Exhibit 8.1
List of Principal Subsidiaries
| Name of Subsidiaries | Jurisdiction of Incorporation | |
| TOPTOYO INVESTMENT PTE. LTD. | Singapore | |
| TOYO Solar Company Limited | Vietnam | |
| TOYO Holdings LLC | Delaware, U.S. | |
| TOYO America LLC | Delaware, U.S. | |
| TOYO Solar LLC | Delaware, U.S. | |
| TOYO Solar Texas LLC | Texas, U.S. | |
| TOYO SOLAR (SINGAPORE) PTD. LTD | Singapore | |
| TOYO SOLAR MANUFACTURING ONE MEMBER PRIVATE LIMITED COMPANY | Ethiopia | |
| TOYO CHINA CO., LTD. | China | |
| TOYO ENERGY LLC | Delaware, U.S. | |
| TOYO SOLAR CLEAN ENERGY COMPANY LIMITED | Vietnam |