XJ INTL HLDGS (01765) announced on November 16, 2025, that the buyer Xi'an Dianzhen Industrial, the seller Sichuan Shurui Enterprise Management (a wholly-owned subsidiary of the company), the target company Xi'an Beinuosi Education, and the buyer's guarantor entered into an equity transfer agreement. The seller conditionally agreed to transfer, and the buyer conditionally agreed to acquire, 100% equity and affiliated entity interests in the target company for a consideration of RMB 10 million. Additionally, the target company conditionally agreed to repay outstanding loans. The buyer and guarantor provided an irrevocable joint guarantee for the target company's repayment obligations.

The target company primarily engages in education management and investments in the education sector. Upon completion of the sale, the target company will cease to be a subsidiary of the group, and its financial performance, assets, and liabilities will no longer be consolidated into the group's financial statements.

In recent years, the government has introduced multiple policies to promote high-quality development in vocational education, increasing operational investment pressures for the group's institutions. The sale will help the group raise funds, optimize financial resource allocation, and improve educational facilities to meet existing operational needs, including campus upgrades and expansions.

The transaction will enable the company to recover capital for working capital needs and reduce investment burdens. After evaluating the rationale and benefits of the sale, the board considers the terms of the equity transfer agreement fair and reasonable, aligning with the overall interests of the company and its shareholders.