XJ International Holdings sells education unit for 380m yuan

XJ International Holdings Co., Ltd. announced a discloseable transaction involving the disposal of its entire 100% equity interest in Xi'an Beinuosi Education Management Co., Ltd., to Xi'an Dianzhen Industrial Co., Ltd. The total consideration for the disposal is 380 million yuan, comprising a transfer consideration of 10 million yuan and the repayment of 370 million yuan in borrowings. The transaction is set to be completed on November 16, 2025.

The disposal is expected to result in an unaudited gain of approximately 122 million yuan for XJ International Holdings. The company intends to use the net proceeds to improve the operational conditions of its existing schools and meet basic operational needs.

The transaction constitutes a discloseable transaction under the Listing Rules, as the highest applicable percentage ratio exceeds 5% but is less than 25%. Additionally, the asset ratio for the borrowings exceeds 8%, triggering general disclosure obligations. The target company, engaged in education management and industry investment, reported unaudited net asset value of (150) million yuan as of August 31, 2025.