Neusoft Education Technology Co. Limited entered into an Equity Transfer Agreement to acquire remaining 9.09% stake in Tianjin Neusoft Ruidao Education Information Technology Co., Ltd from Tianjin Ruiyi Enterprise Management Consulting Center for CNY 36.3 million.

Neusoft Education Technology Co. Limited (SEHK:9616) entered into an Equity Transfer Agreement to acquire remaining 9.09% stake in Tianjin Neusoft Ruidao Education Information Technology Co., Ltd from Tianjin Ruiyi Enterprise Management Consulting Center for CNY 36.3 million on August 29, 2023. The consideration for the Acquisition will be funded by the Group?s internal resources.

Tianjin Neusoft Ruidao Education Information Technology reported Total common equity of CNY 175.5 million in June 30, 2023.