XJ International Holdings (formerly known as HOPE EDU Group) announced its fiscal year results for the year ending August 31, 2024, on November 29, 2024. The number of students enrolled in overseas schools increased by 15% year-on-year, indicating strong performance in international business. Changes in the composition of the Board of Directors included the appointment of a new chairman, reflecting adjustments in the company’s governance structure.The company is actively working to restructure its convertible Bonds maturing in 2026 and exploring the possibility of selling stakes in certain subsidiaries to improve liquidity. These initiatives aim to address current financial challenges and lay the groundwork for the company's future development. However, it is noteworthy that the auditor issued a disclaimer due to significant...Show More

XJ International Holdings (formerly known as HOPE EDU Group) announced its fiscal year results for the year ending August 31, 2024, on November 29, 2024. The number of students enrolled in overseas schools increased by 15% year-on-year, indicating strong performance in international business. Changes in the composition of the Board of Directors included the appointment of a new chairman, reflecting adjustments in the company’s governance structure.The company is actively working to restructure its convertible Bonds maturing in 2026 and exploring the possibility of selling stakes in certain subsidiaries to improve liquidity. These initiatives aim to address current financial challenges and lay the groundwork for the company's future development. However, it is noteworthy that the auditor issued a disclaimer due to significant uncertainties related to going concern.As a company registered in the Cayman Islands, XJ International Holdings has been listed on the Hong Kong Stock Exchange since August 3, 2018. The company complies with the Corporate Governance Code in Appendix C1 of the Listing Rules, and directors also follow the Model Code for Securities Transactions in Appendix C3. The company’s main subsidiaries include Guizhou Qiannan Vocational and Technical College and SiChuan HOPE College (Southwest Jiaotong University HOPE College), regulated by the Ministry of Education of China.