Beijing Kaiwen Education Technology (002659.SZ) intends to transfer 14.84% of its shares to the Eight Great Holdings, a shareholder, and entrust the management of the remaining shares.

Beijing Kaiwen Education Technology (002659.SZ) announced that its shareholder, Badaochu Holdings Group Co., Ltd. ("Badaochu Holdings") and the controlling shareholder Beijing Haidian District State-owned Assets Investment and Operation Co., Ltd. ("Haitou") signed a "Share Transfer Agreement" and a "Equity Trust Agreement" on September 20, 2024. The agreement stipulates that Badaochu Holdings will transfer 88.7848 million shares of the company (14.84% of the total share capital) it holds to Haitou at a price of 3.69 yuan per share through a non-public agreement. At the same time, it is agreed that Badaochu Holdings will continue to entrust Haitou to manage and exercise all shareholder rights (excluding property rights and profit rights) corresponding to the remaining 83.7345 million shares of the company (14% of the total share capital) it holds.