Gelonghui, November 29 | XJ INTL HLDGS (01765.HK) announced that on November 29, 2024, the buyer (Lake Holdings and Nanfeng Company) entered into an equity transfer agreement with the seller Sichuan Hope Education and Chengdu Jinyuhua. According to this, the seller conditionally agreed to transfer and the buyer conditionally agreed to acquire (1) 100% of the shares of the target company (Giant Education and Wuhu Real Estate); and (2) all operating rights and interests of the target college owned by Giant Education, with a total valuation of RMB 0.54 billion, after deducting the disclosure of the transaction to the outside world Total liabilities, transactions The total cost is estimated to be RMB 0.42 billion, and the final amount will be adjusted after the final transaction is completed.

The target companies are Giants Education and Five Lakes Real Estate. Giant Education is a limited company incorporated in China, mainly engaged in education consulting services and enterprise management services. As of the date of this announcement, Giant Education is wholly owned by Sichuan Hope Education.

Wuhu Real Estate is a limited company registered and established in China. It is mainly engaged in real estate development and management, and its own commercial housing rental services. As of the date of this announcement, Wuhu Real Estate is wholly owned by Chengdu Jinyuhua. The target college is a non-profit full-time private institution of higher learning approved by the Hebei Provincial People's Government in 2021, with a founding capital of RMB 5 million. As of the date of this announcement, Giant Education is the organizer of the target college and has 100% management rights and interests in the target college.

This sale can better help the company raise capital, obtain financial resources, help the company resolve debts more effectively, and create conditions for the company's sustainable development.