The expansion of education landscape, KingSun with two companies signed a memorandum of understanding / acquisition of capital

The evening of January 20th, Dongguan KingSun Au Optronics Co (hereinafter referred to as the "company") announced that the company and the Beijing bump Education Consulting Co. Ltd. (hereinafter referred to as the "bump education") shareholders on the company capital acquisition / bump education equity matters reached a preliminary intention, and signed a "memorandum" increase / acquisition; and Changsha Education Consulting Co. Ltd. (Lam hereinafter referred to as the "Tong Education") shareholders on the company acquired education equity issues you reached a preliminary intention, and signed a "memorandum" increase / acquisition.

According to the memorandum, the company intends to cash the way to bump education capital and / or acquisition of bump education part of the original shareholders equity holdings of not less than 10% of the equity of education bump the company capital, Party B and / or the acquisition of the original shareholders equity bump bump education education investment valuation of 260 million yuan calculation amount or the amount in accordance with the acquisition of capital. The specific proportion of the capital increase and the acquisition of the original shareholders' equity of the company shall be determined by the parties. After the completion of the first stake in the company, the future plan will be completed through the issuance of shares to buy assets and cash payments to complete the acquisition of all the remaining equity education.

In addition, the company intends to cash through the way of reasonable way of education capital and / or the acquisition of skill education part of the original shareholders equity holdings of not less than 10% of the equity of education skill, the company capital reasonable education and / or acquisition of reasonable education equity in accordance with the original shareholders think education investment valuation of 600 million yuan before the calculation of capital amount or the amount of purchase. The company's capital and the specific proportion of the original shareholders equity acquisition skill education negotiated by both parties. After the completion of the first stake in the company, the future plans to issue shares to buy assets and cash payments to complete the acquisition of all remaining shares of Si Qi education.

In recent years, the education industry has shown good momentum of development, has become an important growth point of China's social economy, as China's "Private Education Promotion Law" and the subsequent revision completed a series of supporting rules landing, private education industry in China will be a rare historical opportunity of innovation and development. KingSun said that after the completion of this transaction will further improve the company's strategic deployment in the field of private education, greatly improve the company in quality education resources and education service supply capacity, thus greatly enhance the comprehensive competitiveness of the company in the private education industry, sustained rapid development of power company, can more effectively serve the society, returns to shareholders.

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