Dong-An Educational Services Canada Inc. entered into a conditional sale and purchase agreement to acquire Duke College Inc. from EA Education Group Inc. for CAD 0.26 million on December 22, 2017. The consideration will be paid in four installment payments. CAD 0.1 million has already been paid and the balance will be paid as follows: (a) CAD 0.1 million is payable one month after closing and (b) CAD 0.058 million is payable two months after closing. The transaction is subject to Canadian Securities Exchange approval, satisfaction of due diligence, attainment of third party consent, and approval of EA Education Group's shareholders. EA Education Group obtained required shareholder approval for the transaction on March 29, 2018.