XJ INTL HLDGS (01765) intends to sell 100% equity stake in Xi'an Beunos Education.

XJ INTL HLDGS (01765) announced that on November 16, 2025, the buyer Xi'an Dianzhen Industrial, the seller Sichuan Shurui Enterprise Management (a wholly-owned subsidiary of the company), the target company Xi'an Beinuosi Education, and the buyer's guarantor entered into a share transfer agreement. The seller has conditionally agreed to transfer while the buyer has conditionally agreed to acquire 100% of the equity and equity interests of the target company and its subsidiaries for a transfer price of 10 million RMB; and the target company has conditionally agreed to repay the loan. The buyer and the buyer's guarantor have agreed to provide irrevocable joint guarantees for the repayment obligations of the target company. The target company is mainly engaged in education management and investment in the education industry. After the sale, the target company will no longer be a subsidiary of the group, and its financial performance, assets, and liabilities will no longer be consolidated into the group's financial statements. In recent years, the country has successively introduced a number of policies to guide the high-quality development of vocational education, and the schools of the group face significant pressures on educational investment. The sale will help the group to raise funds more effectively, enabling it to better allocate financial resources, improve teaching conditions, and meet the needs of existing schools and expansion projects. The sale is beneficial for the company to recover some funds to address operational cash flow issues and reduce investment burdens. After considering the reasons and benefits of the sale, the directors believe that the terms of the share transfer agreement are fair and reasonable, and the sale is in the overall interest of the company and its shareholders.