ST CZ: A wholly-owned subsidiary transfers nearly 440 million assets for educational purposes

Zhitong
2025.09.29 07:50

In 2025, *ST CZ will transfer the assets related to Datong Data Technology Vocational College from its wholly-owned subsidiary Datong Haoxue Education Technology Co., Ltd. to the educational entity Datong Data Technology Vocational College Limited Liability Company. The transfer reference date will be a certain day in a certain month of 2025, with the proposed transferred asset book net value of 439,906,858.49 yuan. The announcement on September 30 indicated that the company has convened a board meeting to review and approve this proposal. This matter falls within the board's approval authority and does not constitute a related party transaction or a major asset restructuring. This transfer is a normal establishment process for a for-profit higher education institution, and upon completion, it will benefit the school's standardized operation, promote the company's development strategy, and will not affect the scope of consolidated financial statements or the company's financial condition

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