---
title: "Kingswood Education: The company does not have a controlling relationship with Zhonghao Xinying"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/254404750.md"
description: "Kingswood Education announced on August 25 that in April 2023, the company invested a total of RMB 130 million in Zhonghao Xinying Technology Co., Ltd. through capital increase and equity transfer. As of the date of this announcement, the company holds a 5.53% equity stake in Zhonghao Xinying, which does not constitute a controlling relationship, and is not included in the consolidated financial statements, nor does it have a significant impact on the company's profits"
datetime: "2025-08-25T09:24:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/254404750.md)
  - [en](https://longbridge.com/en/news/254404750.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/254404750.md)
---

# Kingswood Education: The company does not have a controlling relationship with Zhonghao Xinying

Kingswood Education announced on August 25 that in April 2023, the company invested a total of RMB 130 million in Zhonghao Xinying Technology Co., Ltd. through capital increase and equity transfer. As of the date of this announcement, the company holds a 5.53% equity stake in Zhonghao Xinying, and the company does not have a controlling relationship with Zhonghao Xinying, which is not included in the consolidated financial statements, and its impact on the company's profits is not significant

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