Zhonggong Education (002607.SZ) plans to set up a subsidiary with an investment of 150 million yuan in Hengqin to accelerate the expansion of the southern market.

Chinese education (002607.SZ) announced that its wholly-owned subsidiary, Beijing Zhonggong Zhiyuan Technology Co., Ltd., plans to establish a wholly-owned subsidiary, Zhonggong Zhiyuan (Zhuhai Hengqin) Education Technology Co., Ltd. (tentative name), in the Hengqin Guangdong-Macao Deep Cooperation Zone, with a registered capital of 150 million yuan, in order to accelerate the expansion of the southern market area and promote the sustainable development of the company.