Core Viewpoint - Kede Education announced the termination of its control change matter, with the current controlling shareholder remaining as Wu Xianliang [2][4]. Termination of Control Change Matter - On June 20, Kede Education received a notice from its controlling shareholder Wu Xianliang and Zhongjing Hedao, deciding to terminate the share transfer and control change matter [4]. - The company expressed apologies for any inconvenience caused to investors due to the termination of the control transfer agreement, clarifying that it was a personal transfer by the shareholders and would not affect the normal operations of the listed company [6]. Background of the Control Change - On May 21, Wu Xianliang signed a share transfer agreement to transfer 77.5843 million shares at a price of 14.72 yuan per share, totaling 1.142 billion yuan to Zhongjing Hedao [8]. - If the transfer had been completed, the Shiyan State-owned Assets Supervision and Administration Commission would have become the actual controller of Kede Education. The transaction was expected to enhance the company's strategic development and optimize its industrial structure [9]. Business Overview - Kede Education, originally named Kesiwood, primarily engaged in the research, production, and sales of printing inks. The company is transitioning to the education service industry through acquisitions, including Longmen Education and Xi'an Peiying [9]. - As of 2024, the revenue breakdown shows that the education business accounts for 46.24% and the ink chemical business accounts for 53.76% of total revenue [10]. Financial Performance - For 2024, Kede Education's total revenue is projected to be approximately 795.14 million yuan, reflecting a year-on-year increase of 3.10% from 2023 [10]. - The education business revenue is expected to be around 367.70 million yuan, a 2.94% increase from the previous year, while the ink chemical business revenue is projected at 427.44 million yuan, a 3.24% increase [10]. - The company has also made strategic investments in AI education, enhancing its revenue and profitability [10]. Market Position - As of June 20, Kede Education's stock price was reported at 13.79 yuan per share, with a total market capitalization of 4.5 billion yuan [11].