Core Viewpoint - On October 30, 2023, Angli Education announced its plan to acquire 100% equity of Shanghai Leyou Yutu International Travel Agency Co., Ltd. from Shanghai Xianghong Cultural Tourism Development Group Co., Ltd. for a transaction price of 38 million yuan [1] Group 1 - The acquisition is part of Angli Education's strategic planning and development needs for its silver-haired business [1] - The transaction aims to enrich the service content and product matrix of the silver-haired business, solidifying the company's second growth curve [1] - This move is intended to support the high-quality implementation and sustainable development of the silver-haired strategy [1]

Core Viewpoint - The company, Angli Education, is acquiring 100% equity of Shanghai Leyou from Shanghai Xianghong for a total transaction price of 38 million RMB to enhance its silver-haired business services and product offerings, thereby solidifying its second growth curve and supporting the high-quality implementation and sustainable development of its silver-haired strategy [1] Group 1 - The acquisition is aimed at enriching the service content and product matrix of the silver-haired business [1] - The total transaction price is structured in two phases: 35 million RMB for the first phase and 3 million RMB for the second phase [1] - Shanghai Xianghong will manage the liquidity of Shanghai Leyou's funds and will repay its financial obligations to Shanghai Leyou after receiving the first phase of the payment [1]