VIRSCEND EDU adopted a stock option plan on December 28, 2015. Among the equity distribution of the major shareholder SiChuan Derui Enterprise Development Co., Ltd., Yan Yude holds 69.44% and Yan Hongjia holds 18.55%. Smart Ally International Limited is a company registered in the British Virgin Islands, wholly owned by Wang Xiaoying, the spouse of Yan Yude and the stepmother of Yan Hongjia.The company primarily operates in the southwest region of China, including SiChuan, Guizhou, Yunnan, and Chongqing. To conduct business in China, the company has adopted structured contracts, including various agreements and authorizations. Tibet Huatai Education Management Co., Ltd. is the company's wholly owned subsidiary, established as a foreign-invested enterprise under Chinese law. The company's related entities include Chengdu...Show More

VIRSCEND EDU adopted a stock option plan on December 28, 2015. Among the equity distribution of the major shareholder SiChuan Derui Enterprise Development Co., Ltd., Yan Yude holds 69.44% and Yan Hongjia holds 18.55%. Smart Ally International Limited is a company registered in the British Virgin Islands, wholly owned by Wang Xiaoying, the spouse of Yan Yude and the stepmother of Yan Hongjia.The company primarily operates in the southwest region of China, including SiChuan, Guizhou, Yunnan, and Chongqing. To conduct business in China, the company has adopted structured contracts, including various agreements and authorizations. Tibet Huatai Education Management Co., Ltd. is the company's wholly owned subsidiary, established as a foreign-invested enterprise under Chinese law. The company's related entities include Chengdu Xinjin District Chengshi Wai Senior High School Co., Ltd. and Quxian Chengshi Wai Senior High School Co., Ltd.Virscend Holdings Company Limited is a company registered in the British Virgin Islands, wholly owned by Executive Director and Shareholder Yan Yude. Hong Kong Huatai Investment Co., Ltd. is the company's wholly owned subsidiary registered in Hong Kong. USA Wahtai Educational Consulting Services Inc. is a subsidiary registered in California, USA, in which Hong Kong Huatai Investment Co., Ltd. holds 51% of the equity.