[Caihua News] Ginkgo Education (01851.HK) announced that on September 27th, the company's wholly-owned subsidiary, Chengdu Ginkgo Hotel Management College (Ginkgo College), entered into a strategic cooperation agreement with Chengdu Rongchuang Culture and Tourism Management Co., Ltd. (Chengdu Rongchuang).
Chengdu Rongchuang is mainly engaged in the operation and development of Chengdu Rongchuang Wenlu City (this project), which is a comprehensive development project located in Chengdu, China, covering cultural tourism, commercial and residential development. Chengdu Rongchuang is a subsidiary of Rongchuang Culture Travel Group, mainly engaged in real estate development.
According to the strategic cooperation agreement, Ginkgo College and Chengdu Rongchuang have agreed to pool their respective strengths and resources through the cooperation between the business community and the school, and through their respective contributions and cooperation to the project, train all-round literature and tourism professionals with global vision and talents.
The strategic cooperation agreement is valid for three years from October 1, 2021 to September 30, 2024.
In view of the national strategy of focusing on developing and nurturing the tourism industry, the directors are optimistic about the development of the business of providing tourism management education and training. The Group is convinced of the importance of providing internship experience to students in its educational courses and has been working with enterprises in the market to provide students with useful educational work experience. The partnership with Chengdu Rongchuang not only provides a quality internship platform for students joining the education and training courses offered by Ginkgo College, but also enables students to gain practical work experience, thereby enhancing the quality of the Group's courses and increasing enrolment rates.
The Directors are of the view that the cooperation under the Strategic Cooperation Agreement will bring synergy to the Group and provide a good opportunity for the Group to broaden its revenue base and enhance shareholder value. Therefore, the Directors are of the view that the conclusion of the strategic cooperation agreement is in the interests of the Group and its shareholders as a whole.