This Supplemental Agreement of the Proxy Agreement for School’s Sponsors and Directors (hereinafter referred to as “this Supplemental Agreement”) was signed by the following parties on November 29, 2018:
Party A: Zhejiang Lishui Mengxiang Education Development Co., Ltd..
Party B: Ye Fen, Wei Biao, Ye Fang, Ye Hong, Chen Guoliang, Shi Jixing.
Party C: Liandu Foreign Languages School and the Kindergarten of Liandu Foreign Languages School.
Party D: Zhejiang Mengxiang Consulting Services Co., Ltd., a wholly foreign-owned enterprise legally incorporated and existing under the laws of PRC; Unified Social Credit Code: 91331100MA2E0B7832; Address: Building 20, No. 99, Xianglong Street, Shuige Industrial Zone (Lijing Ethnic Industrial Zone), Liandu District, Lishui City, Zhejiang Province (hereinafter referred to as “WFOE”).
Zhejiang Lishui Mengxiang Education Development Co., Ltd., Ye Fen, Wei Biao, Ye Fang, Ye Hong, Chen Guoliang, Shi Jixing, Liandu Foreign Languages School, the Kindergarten of Liandu Foreign Languages School and the WFOE shall be referred to individually as a “Party” and collectively as the “Parties”.
Considering the Kindergarten of Liandu Foreign Languages School is no longer listed in the domestic affiliates of the proposed listing, the Parties agree as follows through negotiation:
1. The Parties unanimously agree that, from the date hereof, the Kindergarten of Liandu Foreign Languages School shall cease to be a party to the Proxy Agreement for School’s Sponsor and Directors (the “Original Proxy Agreement for School’s Sponsor and Directors”) executed by the Parties on October 13, 2018, and the Original Proxy Agreement for School’s Sponsor and Directors should not be legally binding to the Kindergarten of Liandu Foreign Languages School.
(1) Whereas Clause 1 of the Original Proxy Agreement for School’s Sponsor and Directors is revised as follows: the School’s Sponsor shall hold the corresponding sponsor’s equity interest legally, in specific: Zhejiang Lishui Mengxiang Education Development Co., Ltd. holds 100% of the sponsor’s equity interest directly in Liandu Foreign Languages School pursuant to the law.
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