EX-4.31 7 a19-23533_1ex4d31.htm EX-4.31

Exhibit 4.31

 

Rights and Obligations Assumption Letter

 

This entity, Heze Economic Development Zone Electric Kindergarten, is the subsidiary established by Heze Qiqiaoban Education Technology Limited, which is controlled by BGY Education Investment Management Co., Ltd. (“Investor”) and registered at Heze City’s branch office of the Ministry of Civil Affairs on August 13, 2013. The Investor holds 85% 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.

 

Heze Economic Development Zone Electric Kindergarten

(Seal) Heze Economic Development Zone Electric Kindergarten Affixed

 

By:

/s/Hongling Huo

 

Name:

Hongling Huo

 

Title:

Legal Representative

 

Date:

December 9, 2019