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Mar 14, 2022 05:39 PM (GMT+8) · EqualOcean
Qinshang Co., Ltd. announced that the company plans to transfer 100% equity of Guangzhou Longwen Education Technology Co., Ltd., a relevant subsidiary of the education and training industry, and 99% equity of Beijing longwenyun Education Technology Co., Ltd. to Zhuhai Huizhuo enterprise management partnership (limited partnership) for a consideration of 1 yuan. This transaction constitutes a related party transaction. After the equity transfer, Guangzhou Longwen and Beijing longwenyun will no longer be included in the scope of the company's consolidated statements.