The main reasons for China Xu Shun's acquisition of all-pass education are the development of mixed ownership economy and the reform of state-owned enterprises. In addition, the actual controller of all-pass education and its concerted action signed the Share Transfer Agreement and the Voting Rights Entrustment Agreement with Wen Zhong Xu Shun, and Wen Zhong Xu Shun obtained the control right of all-pass education by purchasing shares and accepting voting rights entrustment.
Chinese Xu Shun is a partnership enterprise jointly funded by Jiangxi Chinese Media Blue Ocean International Investment Co., Ltd., a wholly-owned subsidiary of Chinese Media, a listed company, and Jiangxi Chinese Xu Dong Consulting Co., Ltd., Jiangxi Xu Dong Investment Group Co., Ltd. and Nanchang Jinkai Capital Management Co., Ltd. This structure is conducive to developing mixed ownership economy and promoting the reform of state-owned enterprises.