Kaiwen Education(SZ:002659)2024-09-24 12:51Group 1: Share Transfer and Governance Structure - The company disclosed a share transfer agreement on September 21, 2024, involving a transfer of 14.84% of shares from Baidaochu Holdings to Haiguotou, which will increase Haiguotou's direct shareholding to 16% [3][4]. - Prior to 2021, Baidaochu Holdings was the controlling shareholder, with Haiguotou as the indirect controlling shareholder. The actual controller was the Haidian District State-owned Assets Supervision and Administration Commission [3]. - The share transfer aims to clarify the relationship between voting rights and shareholding, enhancing corporate governance and future development prospects [4][5]. Group 2: Financial and Strategic Support - Haiguotou, with total assets exceeding 200 billion yuan, will provide substantial support to the company in terms of assets, funds, and business development over the next two to three years [5]. - The share transfer agreement was priced at 3.69 yuan per share, based on the higher of the closing price on the last trading day before the agreement, the average price over the last 30 trading days, or the company's net asset value [5][6]. - Baidaochu Holdings retains 14% of the shares and will continue to delegate management and voting rights to Haiguotou, reflecting confidence in the company's future growth [5][6]. Group 3: Investor Interaction and Future Plans - During investor interactions, questions were raised regarding the future arrangements for Baidaochu's remaining shares and Haiguotou's plans for increasing its stake [5][6]. - Haiguotou's support for Kevin Education will mirror that provided to its other subsidiaries, ensuring equal status in terms of shareholder support and resource sharing [6]. - The company aims for a strong market performance to provide returns to shareholders, with long-term strategies being developed in collaboration with state-owned assets [5][6].