Lixiang Education Holding Co. Ltd. (中国)

The Company, through its subsidiaries and consolidated variable interest entities is primarily engaged in providing education services including high school and vocational education services through Zhejiang Lishui Mengxiang Education Development Company Limited, Qingtian Overseas Chinese International School (“Qingtian International School”) and Langfang City Rail Transit Technical School (“Langfang School”), and comprehensive human resource service in the People's Republic of China (the “PRC”).
The Company has determined that it operates in three segments: (1) “Education services” segment, (2) “Comprehensive human resources services” segment and (3) “All other” segment.
HISTORY
2018 - The Company was incorporated on September 6, 2018 under the law of the Cayman Islands as an exempted company with limited liability under name Lianwai Education Group Limited .
- On September 11, 2018, Lianwai investment was incorporated in British Virgin Islands with 100 ownership by the Company.
- On September 20, 2018, Mengxiang HK was incorporated in Hong Kong with 100 ownership by Lianwai investment.
- On October 10, 2018, Liandu WFOE was incorporated in the PRC with 100 ownership by HK Mengxiang.
2020 - The Company changed its name to Lixiang Education Holding Co., Ltd. on May 26, 2020.
- On August 13, 2020, Lishui Xianke was incorporated in the PRC with 100 ownership by Liandu WFOE.
- It s ADSs, each representing five ordinary shares, have been listed on the Nasdaq since October 1, 2020. It s ADSs trade under the symbol “LXEH.”
2021 - On August 31, 2021, the Company acquired 100 of the sponsorship interest of Qingtian International School from Qingtian Zhongyi Education Investment Co., Ltd.
2022 - On January 1, 2022, the Group acquired 100 equity interest of Beijing P.X. from Beijing Shangkun Education Technology Development Co., Ltd.
2023 - On January 6, 2023, the Group established Hebei Chuangxiang Enterprise Management Co., LTD (“Hebei Chuangxiang”), and Beijing P.X. held its 100 equity interest.
- On June 25, 2023, the Group established Lishui International School, and Zhejiang Lishui Mengxiang Education Development Company Limited held its 100 sponsorship interest.
- On November 9, 2023, the Group transferred Beijing Chuangmei Weiye Enterprise Management Co with 100 equity interests, and the consideration of RMB6.36 million was considered remote to be collected.
- On December 31, 2023, the Group transferred Qingtian International School with 100 sponsorship interests for a consideration of RMB23.2 million.