Zhejiang Hongrun Holdings Co., Ltd. entered into an agreement to acquire 84.62% stake in Shanghai Hongrun Boyuan School Co., Ltd. from Hongrun Construction Group Co., Ltd. (SZSE:002062) for CNY 29.6 million on July 13, 2023. Hongrun Construction Group's board of directors approved the acquisition. As of December 31, 2023, - Shanghai Hongrun has Total assets of CNY 8.2468? million, Net assets of -CNY 3.2297? million, Operating Revenue of CNY 0.9033 million, Operating Profit of CNY 0.0853 million and Net Profit of CNY 0.0636 million.

Zhejiang Hongrun Holdings Co., Ltd. completed the acquisition of 84.62% stake in Shanghai Hongrun Boyuan School Co., Ltd. from Hongrun Construction Group Co., Ltd. (SZSE:002062) on July 22, 2023.