Shanghai Xinnanyang Only Education&Technology Co.,Ltd. (600661.SH) Plans to Establish Shanghai Angli Youxue Cultural Development Co., Ltd.

Stock News09-08

Shanghai Xinnanyang Only Education&Technology Co.,Ltd. (600661.SH) announced that based on the company's business development needs, it plans to establish a wholly-owned subsidiary, Shanghai Angli Youxue Cultural Development Co., Ltd., with a registered capital of 5 million yuan. The announcement stated that to meet the company's diversified business development requirements, the company intends to establish the wholly-owned subsidiary Angli Youxue to conduct self-study room service business, which will create strategic synergy with existing training operations while expanding new business models to create profit growth points. The establishment of this new wholly-owned subsidiary will help the company streamline its business structure and expand new business areas, while further optimizing resource allocation.

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