Huatu Mountain Ding(300492.SZ): The subsidiary plans to supplementally sign the "Agreement on Matters Related to the Delivery of Existing Students on Commission" with Shangxue Education

MaticHoleFiller · 2026-03-30T01:03:17+00:00

Huatu Mountain Ding and Shangxue Education have reached a cooperation agreement. Huatu Education Technology will undertake Shangxue Education's enrollment consulting services. The two parties will cooperate on a 50% basis, and if there is no substantial progress by June 2025, the cooperation will be terminated. Starting from August 2025, Shangxue Education will cease accepting new students, and already signed students will still need to complete their courses. Huatu Education Technology will begin independent operations.

MaticHoleFiller

2026-03-30 01:03:17

Abstract generation in progress

Gelonghui March 24丨Huatu Shanding (300492.SZ) announced that Beijing Huatu Shangxue Education Technology Co., Ltd. (referred to as “Shangxue Education,” “Party A”) primarily provides intermediary services such as enrollment, promotion, and consulting to students and schools, and collects related intermediary service fees. The company has certain synergies with Shangxue Education regarding its target customer group. To further expand the company’s business scope, tap into and bind potential customer groups, enhance market visibility and influence among the target clientele, and strengthen the company’s sustainable operational capacity, while eliminating potential competition in the same industry and further enhancing the independence of the listed company, in January 2025, the company’s wholly-owned subsidiary Huatu Education Technology Co., Ltd. (referred to as “Huatu Education Technology”) and Shangxue Education agreed that Huatu Education Technology intends to undertake the related business and clients of Shangxue Education in the future. Initially, both parties will conduct business at a ratio of 50% each within the existing business and client scope of Shangxue Education. If there has been no substantial progress in the transfer of business contracts for relevant student clients by June 30, 2025, the related cooperation will be terminated, and the costs incurred from the business will be settled.

Starting from August 2025, Party A will stop accepting new students, but students who have signed contracts before the termination of business (referred to as “existing students”) must still complete the related courses and services; at the same time, from August 2025, Huatu Education Technology will independently carry out this business. Based on this, the company’s wholly-owned subsidiary Huatu Education Technology Co., Ltd. (including its branches collectively referred to as Party B) plans to sign a supplementary agreement with Shangxue Education regarding “the entrusted delivery of existing students and related matters.”

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