EX-4.27 3 a19-23533_1ex4d27.htm EX-4.27

Exhibit 4.27

 

 

Rights and Obligations Assumption Letter

 

This entity, Hubei Sannew Education Development Limited, is the subsidiary of BGY Education Investment Management Co., Ltd. (“Investor”) registered in Wuhan City at Development Zone branch office of the Administration for Market Regulation on February 16, 2015. The Investor holds 80% of the interests in this entity.

 

In accordance with the Exclusive Management Service and Business Cooperation Agreement (“Agreement”) entered into by and between Investor, Zhuhai Hengqin Bright Scholar Management Consulting Co., Ltd. and other relevant parties on January 25, 2017, this entity shall join the Agreement according to Article 10.1 of the Agreement as a “New Subsidiary of Party B” under the Agreement.

 

This entity hereby agrees to join the Agreement as a new Subsidiary of Party B of the Investor, enjoy the rights under the Agreement, and perform the obligations according to the Agreement. This Assumption Letter came into effect upon the date of execution.

 

Hubei Sannew Education Development Limited

(Seal) Hubei Sannew Education Development Limited Affixed

 

By:

/s/Jinsheng Cheng

 

Name:

Jinsheng Cheng

 

Title:

Legal Representative

 

Date:

December 15, 2019