Qtone Education Group (Guangdong) (300359.SZ) intends to sell 32% equity of its subsidiary Industrial Internet at a price of 628,700 yuan.

Qtone Education Group (Guangdong) (300359.SZ) announced that its wholly-owned subsidiary, Guangdong Qtone Education Group (Guangdong) Technology Group Co., Ltd. (referred to as "Qutong Technology"), intends to sell 32% of the equity of Qutong Industrial Internet (Zhongshan) Co., Ltd. (referred to as "Industrial Internet") to Qian Yaoxiang for a transaction price of 628,700 yuan. This transaction is expected to increase the company's disposal net profit for the year by approximately 136,800 yuan.