Lixiang Education Holding Co., Ltd. acquired Qingtian Overseas Chinese International School from Qingtian Zhongyi Education Investment Co., Ltd. for CNY 23 million.
Lixiang Education Holding Co., Ltd. (NasdaqGM:LXEH) completed the acquisition of Qingtian Overseas Chinese International School from Qingtian Zhongyi Education Investment Co., Ltd. on August 24, 2021. As of December 31, 2021, the total unpaid consideration was CNY 8 million, which will be paid in 1 year and was recorded in other payables.