China New Higher Education Group Ltd. has announced that its subsidiary, Yun Ai Group, has entered into a Cooperation Agreement with Zhongyuan Trust. Under the agreement, Yun Ai Group will provide funds to Zhongyuan Trust, with the arrangement designed to support the development and enhancement of the Group’s educational operations, including the construction of new school campuses and the establishment of new educational facilities. While Zhongyuan Trust will act as the trustee and manager of the trust, it will not contribute capital, and the Company will retain leading control over the trust’s operations. The transaction is classified as a discloseable transaction under Hong Kong Listing Rules, requiring public disclosure but not shareholder approval.
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