Summary by Moomoo AI
VIRSCEND EDU adopted a stock option plan on December 28, 2015. Among the equity distribution of the company's main shareholder, SiChuan Derui Enterprise Development Co., Ltd., Yan Yude holds 69.44%, and Yan Hongjia holds 18.55%. Smart Ally International Limited is a company registered in the British Virgin Islands, wholly owned by Yan Yude's spouse, Wang Xiaoying, who is the stepmother of Yan Hongjia.The company mainly operates in the southwestern region of China, including SiChuan, Guizhou, Yunnan Province, and Chongqing City. To conduct Business in China, the company has adopted structured contracts, which include various agreements and authorizations. Tibet Huatai Educational Management Co., Ltd. is a wholly-owned subsidiary of the company, established as a wholly foreign-owned enterprise according to Chinese...Show More
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