Haili Waldo: It is planned to contribute 5.1 million yuan to set up subsidiaries, accounting for 51%

On August 23, 2022, Haili Walcot (872503.NQ) issued an announcement for the establishment of a holding subsidiary of foreign investment.

The announcement shows that in order to expand the company's business, further expand the company's operating scale, optimize the company's strategic layout, and improve the comprehensive competitiveness of the company, Beijing Haili Huake Education Technology Co., Ltd. (hereinafter referred to as "Haili Walco") intends to be with Ren Libo Co -invested in the establishment of a company in Wuji County, Shijiazhuang City.

The company name set up is as follows: Shijiazhuang Sunshine School Bus Operation Service Co., Ltd. The company was jointly established by Beijing Haili Huake Education Technology Co., Ltd. and Ren Libo, with a registered capital of RMB 10,000,000.

Establish a holding company's business scope: school bus service, school bus rental. Among them, Haili Waldo contributed 5.1 million yuan, accounting for 51%, and Ren Libo contributed 4.9 million yuan, accounting for 49%.

The company said that the set up of the holding subsidiary is committed to:

1. Further standardize the appearance of the special school bus, strengthen the management of school bus and its driver, promote the standardization and institutionalization of school bus traffic safety management, and resolutely curb the occurrence of major road traffic accidents involving school bus to ensure the safety of teachers and students.

2. Strengthen safety management. Establish a school bus safety management agency step by step, clarify the responsibilities of various departments, sign the school bus safety responsibility as a layer, formulate a school bus safety management assessment plan, and establish and improve the school bus safety management linkage mechanism and long -term mechanism.

According to the "Questions and Answers of the Major Asset Reorganization Business of the Listing Company": "The listed company increased capital to wholly -owned subsidiaries or holding subsidiaries, and a new wholly -owned subsidiary or holding subsidiary did not constitute a major asset reorganization." Therefore, the company's new holding subsidiaries will not constitute a major asset reorganization.

On August 23, 2022, the twelfth meeting of the Second Board of Directors of the company reviewed and approved the proposal on the establishment of a holding subsidiary of foreign investment. Therefore, this foreign investment does not need to be reviewed by the shareholders' meeting.

Haili Walco said that the market prospects for Chinese school buses are very broad. Since the promulgation of the "Regulations on the Safety Management of Schools", the state has vigorously promoted the standards and development of the school's bus industry, safety and standardization.

In the context of the strong support of national policies, the company's deployment of the school bus service market will not only complement the company's existing business, but also help tap the company's existing business potential, promote business improvement, create new business growth points, improve the company's comprehensive competitiveness And the future -oriented anti -risk ability.

There may be a certain market, operation, and management risks in this foreign investment. The company will continuously strengthen the establishment and operation of internal control and risk prevention mechanisms to ensure the company's investment security and returns.

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