| Related party transaction and balances |
| 20. | Related
party transaction and balances |
Name and relationship with related
parties:
| Name of related parties | | Relationship | | Ms. Fen Ye | | Significant shareholder, director, and chairlady of the Company | | Mr. Biao Wei | | A close family member of Ms. Fen Ye, director and Chief Executive Officer of the Company | | Lianwai Kindergarten | | Controlled by Ms. Fen Ye | | Qingtian International School | | Ultimately controlled by Mr. Biao Wei | | Zhejiang Lishui Qiaoxiang Education Consulting Services Co., Ltd (“Qiaoxiang Education”) | | Controlled by Mr. Biao Wei |
| | (a) | Significant transactions with related parties for continuing operations |
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| Rental revenue: | |
| | | |
| | | |
| | |
| Lianwai Kindergarten | |
| 754,285 | | |
| 754,285 | | |
| 377,143 | |
| | |
| | | |
| | | |
| | |
| Software license income: | |
| | | |
| | | |
| | |
| Qiaoxiang Education | |
| - | | |
| - | | |
| 226,415 | |
| Total | |
| 754,285 | | |
| 754,285 | | |
| 603,558 | |
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| Disposal of Qingtian International School: | |
| | |
| | |
| |
| Qiaoxiang Education | |
| 23,161,000 | | |
| - | | |
| - | |
On December 31, 2023, the Group transferred
100% sponsorship interests of Qingtian International School to Qiaoxiang Education which is controlled by the controlling shareholder
for a consideration of RMB23.2 million (Note 5).
| | (b) | Balances with related parties for continuing operations |
| |
|
As of December 31, |
|
| |
|
2024 |
|
|
2025 |
|
| Due to a related party: |
|
|
|
|
|
|
|
|
| Mr. Biao Wei |
|
|
1,817,485 |
|
|
|
1,621,303 |
|
| Total |
|
|
1,817,485 |
|
|
|
1,621,303 |
|
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| Due from related parties: | |
| | | |
| | |
| Qingtian International school | |
| 8,750,000 | | |
| 7,090,000 | |
| Lianwai Kindergarten | |
| 792,000 | | |
| 1,842,000 | |
| Total | |
| 9,542,000 | | |
| 8,932,000 | |
| | (c) | Balances with Affected Entity for continuing operations |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| Due to Affected Entity: | |
| | | |
| | |
| Payables to Affected Entity, non-current | |
| 173,046,163 | | |
| - | |
| Total | |
| 173,046,163 | | |
| - | |
For the years ended December 31,
2023, 2024 and 2025, other receivables from and payables to Affected Entity were non-interest bearing and unsecure.
Revenue transaction amount were recognized
in the consolidated financial statements (Note 16).
|