Wisdom Education International Holdings announces supplemental update on Yunfu High School Management Services agreement

Reuters
Oct 14
Wisdom Education International Holdings announces supplemental update on Yunfu High School Management Services agreement

Wisdom Education International Holdings Co. Ltd. has issued a supplemental announcement regarding its continuing connected transactions under the Yunfu High School Management Services Agreement. The company stated that internal control procedures will be implemented to ensure that the terms of the agreement are no less favourable than those available to independent third parties. These measures include annual reviews by independent auditors and independent non-executive directors to confirm compliance with pricing policies, approval processes, and relevant regulations. The company's board considers these measures appropriate to ensure that the transactions are conducted on normal commercial terms and in the interests of the company and its shareholders. No other information contained in the original announcement is affected by this update.

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