Shanghai Xinnanyang Only Education & Technology (600661.SH) plans to sell 100% ownership of KPS to optimize asset structure.

Shanghai Xinnanyang Only Education & Technology (600661.SH) announced that the company plans to sell 100% equity of Kensington Park School Limited (referred to as "KPS") for a transaction price of 80,000 pounds to Hong Kong KS Education Group Limited or its designated company (referred to as "KSE"), and signed a "Equity Transfer Agreement". KPS is a wholly-owned subsidiary of the company, whose main business is the operation of Kensington Park School, an independent school located in the west of London, offering GCSE and A-Level courses for students in grades 7 to 13 and providing dormitories for boarders. Preliminary calculations indicate that this sale is expected to generate an investment income of approximately 20 million yuan, increasing the company's net assets by approximately 27 million yuan (excluding taxes and fees). The sale of KPS equity will help the company further optimize its asset structure and resource allocation, and improve asset operational efficiency.