Core Viewpoint - The company Xi Jiao International Holdings (01765) has announced a conditional agreement to sell 100% equity of its subsidiary, Xi'an Benos Education, to Xi'an Dian Zhen Industrial for a consideration of RMB 10 million, which will help the company raise funds and improve its financial resources for educational operations [1] Group 1: Transaction Details - The buyer, Xi'an Dian Zhen Industrial, and the seller, Sichuan Shu Rui Enterprise Management (a wholly-owned subsidiary of the company), have entered into an equity transfer agreement [1] - The target company, Xi'an Benos Education, is primarily engaged in education management and investment in the education sector [1] - Upon completion of the sale, the target company will no longer be a subsidiary of the group, and its financial performance, assets, and liabilities will not be included in the group's consolidated financial statements [1] Group 2: Rationale for the Sale - The company faces significant operational investment pressures due to various national policies aimed at promoting high-quality development in vocational education [1] - The sale is expected to help the company raise funds to better allocate financial resources and improve educational conditions to meet the basic operational needs and expansion requirements of existing institutions [1] - The board believes that the terms of the equity transfer agreement are fair and reasonable, and the sale aligns with the overall interests of the company and its shareholders [1]

Core Viewpoint - The announcement details a conditional agreement for the transfer of 100% equity of Shanghai Pumeng Zhichuan Education Technology Co., Ltd. from Sichuan Hope Education Industry Group Co., Ltd. to Guilin Punoki Electronics Co., Ltd. for a maximum consideration of RMB 650 million [1] Group 1: Transaction Details - The buyer, Guilin Punoki Electronics Co., Ltd., and the seller, Sichuan Hope Education Industry Group Co., Ltd., have entered into a share transfer agreement [1] - The total consideration for the transaction is capped at RMB 650 million [1] - The buyer and the buyer's guarantor, Guilin Youlit Electronics Group Co., Ltd., have agreed to provide irrevocable joint guarantees for the performance of obligations under the share transfer agreement [1] Group 2: Company Information - The target company, Shanghai Pumeng Zhichuan Education Technology Co., Ltd., is a limited liability company registered in China and is wholly owned by the group [1] - The primary business of the target company involves education management and investment in the education sector [1] - The subsidiaries of the target company mainly engage in private higher education [1]