Document:

EX-10.4

 Exhibit 10.4 

Business Cooperation Agreement 
 This
Business Cooperation Agreement (hereinafter referred to as the “Agreement”) was entered into on December 13, 2018 by and among: 
  

			
	Party A:	  	Yunnan Century Long-Spring Technology Co., Ltd., a wholly foreign-owned enterprise legally established and existing under the PRC laws, with its unified credit code of 91530100MA6K83075A and its registered address at No. 5-20, 9/F, Building 2, Shanghai ASEAN Building, Chenggong District, Kunming City, Yunnan Province (hereinafter referred to as “WFOE”);
		
	Party B:	  	Domestic Affiliates, Long-Spring Education Holding Group Limited (hereinafter referred to as “Long-Spring Education Holding”) and its subsidiaries and schools (see Appendix I hereto for details) (one or all of the
aforesaid civil parties is or are hereinafter referred to as a “Domestic Affiliate” or the “Domestic Affiliates”); and
		
	Party C:	  	The shareholders of Long-Spring Education Holding (see Appendix II hereto for details, hereinafter referred to as the “Shareholders of Long-Spring Education Holding”).

 (Party A, Party B and Party C are individually referred to as a “party”, collectively referred to as the
“parties”.) 
 Whereas: 
  

	 	1.	 The Parties have agreed that WFOE will cooperate closely with the Domestic Affiliates in respect of the
technical services, management support, consulting services, public relations maintenance, market research and marketing matters related to private education business, and on the consensus of the Parties, WFOE will provide the Domestic Affiliates
with technical services, management support services and consulting services required for private education activities, including but not limited to the development, design, maintenance and update of educational software, educational websites and
web page, the compilation, selection and/or recommendation of school curriculum, professional design and school teaching materials, the recruitment of teachers and other staff, training support, support for admissions, maintenance of public
relations, market research and development, management and marketing consulting and other related services. 

	 	2.	 The Parties have unanimously agreed that the shareholders of Long-Spring Education Holding, as the direct
and/or indirect equity holder of the Domestic Affiliates, shall take all legal and necessary measures to promote the smooth development and implementation of cooperation between WFOE and the Domestic Affiliates. 

 

	 	3.	 The Parties have unanimously agreed to enter into the Agreement to establish the rights and obligations of WFOE
and other Parties in the process of cooperation and the specific content, mode, operation and other significant matters of cooperation. 

In order to clarify their respective rights and obligations, upon friendly negotiations, the Parties agree as follows for joint compliance.

 I. Definitions and Interpretations 

“Proposed Listed Company” means First High-School Education Group Co., Ltd., a limited company incorporated under the laws of
the Cayman Islands on September 19, 2018. 
 “Long-Spring Education Holding” means Long-Spring Education Holding Group
Limited, a limited company incorporated on September 20, 2011 under the PRC laws. 
 “Domestic Affiliates” mean
Long-Spring Education Holding and its subsidiary and schools as shown in Appendix I. 
 “Series of Cooperation Agreements”
mean collectively refers to the Business Cooperation Agreement, the Exclusive Call Option Agreement, the Shareholders’ Rights Entrustment Agreement and the corresponding Power of Attorney, the School Sponsors’ and
Directors’ Rights Entrustment Agreement and the corresponding Power of Attorney, the Equity Pledge Agreement, the Exclusive Technical Service and Management Consultancy Agreement, and the Loan Agreement, signed by the two or more parties
of the Agreement, including the amendments thereto, and other agreements, contracts, or legal documents that are signed or issued by one or more Parties hereto from time to time to ensure signature or performance of the above agreements and that are
signed or approved by WFOE in writing. 
 “License” means all permits, licenses, registrations, approvals, and
authorizations required for the Domestic Affiliates to operate business. 

  
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 “Business” means all services and business provided or operated by the
Domestic Affiliates from time to time in accordance with the licenses obtained, including but not limited to private education business. 

“PRC” means the People’s Republic of China (for the purpose of the Agreement only, excluding the Hong Kong Special
Administrative Region, Macao Special Administrative Region, and Taiwan region). 
 “Assets” mean all tangible and intangible
assets directly or indirectly owned by the Domestic Affiliates, including but not limited to all fixed assets, current assets, capital interests in external investment, intellectual property rights, available benefits under all contracts concluded,
and any other benefits duly available to the Domestic Affiliates. 
 II. Representations, Warranties and Undertakings 

 

	 	1.	 On the date of execution of the Agreement, WFOE represents, warrants and undertakes as follows:

  

	 	a)	 WFOE is a foreign-funded limited liability company duly established and validly existing in accordance with the
PRC laws and has an independent legal personality; 

  

	 	b)	 WFOE has the right to execute and perform the Agreement, and it has obtained all necessary and appropriate
approvals and authorizations for executing and performing the Agreement; 

  

	 	c)	 The Agreement constitutes a legal, valid and enforceable obligation of WFOE on the effective date of the
Agreement; 

  

	 	d)	 WFOE warrants that it will make its best efforts to provide related services to the Domestic Affiliates in
accordance with relevant laws, regulations, regulatory documents and articles of association; and 

  

	 	e)	 WFOE’s performance of its obligations under the Agreement does not violate the laws, regulations or rules
currently in force and applicable to it, and its execution and performance of the Agreement does not violate any court’s judgment or any arbitral agency’s award, or any administrative authority’s decision, approval, license or any
other agreement to which it is a party or which is binding upon it, nor result in suspension, revocation, confiscation or failure of renewal of any government authority’s approval or license applicable to it. 

 

	 	2.	 From the date of execution of the Agreement to the termination of the Agreement, the Domestic Affiliates
represent, warrant and undertake as follows: 

  
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	 	a)	 They are limited liability companies and/or private non-enterprise
organizations duly established and validly existing in accordance with the PRC laws and have an independent legal personality; 

  

	 	b)	 They have the right to execute and perform the Agreement, and they have obtained all necessary and appropriate
approvals and authorizations for executing and performing the Agreement; 

  

	 	c)	 The Agreement constitutes a legal, valid and enforceable obligation of the Domestic Affiliates on the effective
date of the Agreement; 

  

	 	d)	 Any and all documents, materials and information submitted by the Domestic Affiliates to WFOE before and after
the execution of the Agreement are true, complete and accurate, free from any falsehood, omission or being serious misleading; 

  

	 	e)	 The debt situation disclosed to WFOE by the Domestic Affiliates is true, complete and accurate;

  

	 	f)	 The Domestic Affiliates will strictly abide by the provisions of the Agreement, and will not perform any act or
omission that will affect the validity and enforceability of the Agreement; 

  

	 	g)	 The Domestic Affiliates’ performance of their obligations under the Agreement does not violate the laws,
regulations or rules currently in force and applicable to them, and their execution and performance of the Agreement does not violate any court’s judgment or any arbitral agency’s award, or any administrative authority’s decision,
approval, license or any other agreement to which they are parties or which is binding upon the equity or other assets held by them, nor result in suspension, revocation, confiscation or failure of renewal of any government authority’s approval
or license applicable to them. 

  

	 	h)	 There are no other encumbrances or right restrictions on the assets and other rights held by the Domestic
Affiliates (except those that occur in the ordinary course of business). 

  

	 	3.	 On the date of execution of the Agreement, the Shareholders of Long-Spring Education Holding represent, warrant
and undertake as follows: 

  

	 	a)	 They have full capacity for civil conduct, legal capacity to execute the Agreement and have rights and assume
obligations under the Agreement; 

  
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	 	b)	 When the Agreement takes effect, the shareholders of Long-Spring Education Holding are the legal owners of the
equity interests of Long-Spring Education Holding, and the shareholders of Long-Spring Education Holding together hold 100% of the equity interests of Long-Spring Education Holding. 

 

	 	c)	 Except for the right restrictions created on the equity due to the Series of Cooperation Agreements, the
Long-Spring Education Holding’s equity interests held by the shareholders of Long-Spring Education Holding is free from any other encumbrances or right restrictions; 

 

	 	d)	 The Agreement, after being executed by them, constitutes a legal, valid and binding obligation of them;

  

	 	e)	 Any and all documents, materials and information submitted by the Domestic Affiliates to WFOE before and after
the execution of the Agreement are true, complete and accurate, free from any falsehood, omission or being serious misleading; 

  

	 	f)	 The debt situation disclosed to WFOE by the Domestic Affiliates is true, complete and accurate;

  

	 	g)	 The shareholders of Long-Spring Education Holding will strictly abide by the provisions of the Agreement, and
will not perform any act or omission that will affect the validity and enforceability of the Agreement; 

  

	 	h)	 The performance of their obligations under the Agreement does not violate the laws, regulations or rules
currently in force applicable to them, and their execution and performance of the Agreement does not violate any court’s judgment or any arbitral agency’s award, or any administrative authority’s decision, approval, license or any
other agreement to which they are parties or which is binding upon the equity or other assets held by them. 

  
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 III. Means of Cooperation 
  

	 	1.	 In order to carry out full cooperation, in addition to the Agreement, at the same time as the Agreement is
entered into, the Parties have separately entered into the Series of Cooperation Agreements, including but not limited to, the Business Cooperation Agreement, the Exclusive Call Option Agreement, the Shareholders’ Rights Entrustment Agreement
and the corresponding Power of Attorney, the School Sponsors’ and Directors’ Rights Entrustment Agreement and the corresponding Power of Attorney, the Equity Pledge Agreement, the Exclusive Technical Service and Management Consultancy
Agreement, and the Loan Agreement. The Parties unanimously confirm that through the execution of the Series of Cooperation Agreements, WFOE has established various business relationships with the Domestic Affiliates, that WFOE will provide the
Domestic Affiliates with technical services, management support services and consulting services required for private education activities, including but not limited to the development, design, maintenance and update of educational software,
educational websites and web page, the compilation, selection and/or recommendation of school curriculum, professional design and school teaching materials, the recruitment of teachers and other staff, training support, support for admissions,
maintenance of public relations, market research and development, management and marketing consulting and other related services, that the Domestic Affiliates shall make various payments to WFOE under these agreements, and that the daily operating
activities of the Domestic Affiliates will thereby have a material effect on their ability to pay the corresponding payments to WFOE. 

The Parties understand that the actual services provided by WFOE are limited to the scope of WFOE’s approved business scope; where the
services a Party requests to be provided by WFOE exceed its approved business scope, WFOE will apply to expand its business scope to the maximum extent permitted by law, and provide related services after being allowed to expand its business scope.

  

	 	2.	 The Parties unanimously agree that the comprehensive cooperation established by the Parties through the
execution of the Series of Cooperation Agreements is sole and exclusive. Without the prior written consent of WFOE, during the terms of the Series of Cooperation Agreements, neither the Domestic Affiliates nor the Shareholders of Long-Spring
Education Holding shall negotiate or engage in any form of cooperation and/or transaction with any third parties that competes or conflicts with or is similar to the aforesaid cooperation and/or transactions. 

 

	 	3.	 In order to ensure the performance of the Series of Cooperation Agreements, the Domestic Affiliates shall abide
by the following requirements, and in the case that the Domestic Affiliates establish any subordinate enterprises or organizations in the future, the Domestic Affiliates shall also procure such subordinate enterprises and organizations to abide by
the following requirements: 

  

	 	a)	 continue to carry out private education activities carefully and effectively in accordance with good financial
and business standards, and maintain the value of assets of the Domestic Affiliates and the quality and level of private education; 

  

	 	b)	 prepare school development plans and annual work plans in accordance with WFOE’s instructions;

  
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	 	c)	 engage in private education activities and other related businesses with the assistance of WFOE;

  

	 	d)	 carry out related business, manage daily operations and conduct financial management in accordance with
WFOE’s proposals, recommendations, standards and other business instructions; 

  

	 	e)	 implement WFOE’s proposals on the appointment and dismissal of senior management and employees;

  

	 	f)	 adopt WFOE’s proposals, guidelines and plans for their strategic development; 

 

	 	g)	 for the purpose of developing education business, continue to conduct related businesses and maintain the
legality and validity of any and all government permits, licenses, authorizations and approvals required to conduct business, free from any act or omission that may lead to such government permits, licenses, authorizations and approvals becoming
invalid, revoked, or expired and failing to be renewed; where within the term of the Agreement, any and all government permits, licenses, authorizations or approvals required by the Domestic Affiliates to conduct business should be changed and/or
added in line with the changes in regulations of relevant government authorities, the Domestic Affiliates will make such changes and/or additions in accordance with the requirements of any PRC law; 

 

	 	h)	 when requested by WFOE, provide relevant information on the business, operation, management and financial
status of the Domestic Affiliates, and promptly inform WFOE of any circumstances that have or may have a material adverse effect on their business and operations, and make the best efforts to prevent such circumstances from occurring and/or an
increase in losses; 

  

	 	i)	 when requested by WFOE, purchase and maintain insurances for the assets and business of the Domestic Affiliates
from insurance companies recognized by WFOE. The amount and type of insurance shall be the same as those of the insurances usually purchased by the companies and schools that conduct similar businesses or own similar property or assets in the same
area; and 

  
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	 	j)	 from the date of execution of the Agreement, deliver to WFOE for proper preservation and management all
authorized seals (including but not limited to common seals and financial seals) and the originals of registration documents (including but not limited to the school’s Certificate of Registration of Private
Non-Enterprise Organizations, School License and the school’s articles of association, and other documents or articles that WFOE considers necessary to achieve the objectives under the Series of
Cooperation Agreements. 

 The shareholders of Long-Spring Education Holding undertake that they will promote and ensure
the performance of the aforesaid obligations. 
  

	 	4.	 The shareholders of Long-Spring Education Holding agree that they will make the persons designated by WFOE to
serve as the directors of the Domestic Affiliates in accordance with the laws and regulations and the procedures prescribed by the articles of association of the Domestic Affiliates, and guarantee that the directors recommended by WFOE will serve as
the chairmen of the Domestic Affiliates (if there is the position of chairman), and guarantee that the personnel designated by WFOE serve as managers, chief financial officers and other officers of the Domestic Affiliates. 

 

	 	5.	 In the case that the directors or officers designated by WFOE in clause 4 above no longer have a labor or
employment relationship with WFOE, regardless of whether they leave the company voluntarily or are dismissed by WFOE, they will also be disqualified from holding any positions in the Domestic Affiliates. In this case, other persons designated by
WFOE should be appointed to the corresponding positions again in accordance with clause 4 above. 

  

	 	6.	 For the purposes of clauses 4 and 5 above, the Domestic Affiliates will take all necessary company’s and
school’s internal and external procedures to legally complete the dismissal and appointment in accordance with the laws, the articles of association of the Domestic Affiliates and the provisions of the Agreement. 

 

	 	7.	 The Domestic Affiliates will provide WFOE with all information on the operating and financial status of the
Domestic Affiliates in full compliance with the requirements of WFOE. 

  

	 	8.	 Where any investigation, litigation, arbitration, administrative proceedings or other legal proceedings
concerning the assets, business and income of the Domestic Affiliates occur or may occur, the Domestic Affiliates and the shareholders of Long-Spring Education Holding undertake to notify WFOE of the same immediately. 

  
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	 	9.	 The Shareholders of Long-Spring Education Holding hereby confirm that they have authorized WFOE or its
designated person to exercise all voting rights of the Shareholders of Long-Spring Education Holding on their behalf at the meetings of shareholders of Long-Spring Education Holding based on the Shareholders’ Rights Entrustment Agreement and
the corresponding Power of Attorney entered into with WFOE. The Shareholders of Long-Spring Education Holding agree that they will provide all assistance to WFOE in exercising such rights, including but not limited to providing the person designated
by WFOE with a power of attorney or withdraw the power of attorney with regard to the entrusted matters at any time in accordance with the requirements of WFOE. 

 

	 	10.	 Long-Spring Education Holding hereby confirms, in the case that a Domestic Affiliate is a limited company, its
shareholders have authorized WFOE or its designated person to exercise all voting rights of the Domestic Affiliate on their behalf at the meetings of shareholders of the Domestic Affiliate based on the Shareholders’ Rights Entrustment Agreement
and the corresponding Power of Attorney entered into with WFOE. The Domestic Affiliates agree that they will provide all assistance to WFOE in exercising such rights, including but not limited to providing the person designated by WFOE with a power
of attorney or withdraw the power of attorney with regard to the entrusted matters at any time in accordance with the requirements of WFOE. 

  

	 	11.	 Long-Spring Education Holding hereby confirms, in the case that a Domestic Affiliate is a private non-enterprise organization, its sponsor and the directors appointed by the sponsor has authorized WFOE or its designated person to exercise all voting rights of the Domestic Affiliate on their behalf at the
meetings of board of the Domestic Affiliate based on the School Sponsors’ and Directors’ Rights Entrustment Agreement entered into with WFOE. The Sponsor and the directors appointed by the sponsor agree that they will provide all
assistance to WFOE in exercising such rights, including but not limited to providing the person designated by WFOE with a power of attorney or withdraw the power of attorney with regard to the entrusted matters at any time in accordance with the
requirements of WFOE. 

  

	 	12.	 The Domestic Affiliates agree that, without the prior written consent of WFOE, the Domestic Affiliates will not
announce the distribution of or actually distribute any reasonable return or any other income or benefit (regardless of its specific form) to the shareholders of Long-Spring Education Holding; and the shareholders of Long-Spring Education Holding
agree, in the case that they obtain any reasonable return or any other income or benefit (regardless of its specific form) from the Domestic Affiliates, it shall transfer the income or benefit immediately after being realized to WFOE without any
additional conditions and without consideration. 

  
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	 	13.	 In the case that WFOE must be dissolved, liquidated, bankrupted, or reorganized, the shareholders of
Long-Spring Education Holding and the Domestic Affiliates unconditionally agree that other persons designated by the Proposed Listed Company to take over the rights and obligations of WFOE under the Series of Cooperation Agreements, and agree to
sign all necessary documents and take all necessary measures to assist the persons designated by the Proposed Listed Company to achieve the succession of the aforesaid contractual rights and obligations; or the shareholders of Long-Spring Education
Holding agree to procure the sale or other disposal of the interests directly or indirectly held by the shareholders of Long-Spring Education Holding in the Domestic Affiliates in accordance with the instructions of the Proposed Listed Company, and
procure the transfer of all the proceeds from the legal disposal of the interests directly or indirectly held by the shareholders of Long-Spring Education Holding in the Domestic Affiliates to the Proposed Listed Company or other persons designated
by the Proposed Listed Company without consideration; or the shareholders of Long-Spring Education Holding agree to procure the sale or other disposal of some or all of the assets of the Domestic Affiliates in accordance with the instructions of the
Proposed Listed Company, and procure the transfer of part of all the proceeds from the legal disposal of the assets of the Domestic Affiliates, which should be attributable to the shareholders of Long-Spring Education Holding, to the Proposed Listed
Company or other persons designated by the Proposed Listed Company without consideration. 

  

	 	14.	 The shareholders of Long-Spring Education Holding agree and undertake that, in the case that a Domestic
Affiliate is dissolved, liquidated, etc., firstly, WFOE and/or its authorized person has the right to exercise all shareholders’ and/or sponsor’s rights on behalf of the shareholders and/or sponsor of the Domestic Affiliate, including but
not limited to, the right to decide to dissolve and liquidate the Domestic Affiliate, the right to designate and appoint the members of the liquidation group and/or their agents within the Domestic Affiliate, and the right to approve the liquidation
plan and liquidation report; secondly, the shareholders and/or sponsor of the Domestic Affiliate agree to transfer all the property that is attributable to or obtained by the shareholders and/or sponsor of the Domestic Affiliate in their respective
capacities due to the dissolution, liquidation and acquisition of the Domestic Affiliate, to other persons designated by WFOE or other persons designated by the Proposed Listed Company without consideration, and instruct the liquidation group of the
Domestic Affiliate to deliver the aforesaid property directly to WFOE and/or other persons designated by the Proposed Listed Company; thirdly, if, in accordance with the PRC laws then effective , the aforesaid transfer must be made with
consideration, in addition to the transfer with consideration and direct delivery, the sponsor and/or the shareholders of the Domestic Affiliates further agree to return the transfer consideration in full to WFOE and/or other persons designated by
the Proposed Listed Company to ensure that WFOE and/or other persons designated by the Proposed Listed Company will not suffer any loss. 

  
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	 	15.	 Where an increase in the capital of Long-Spring Education Holding by the shareholders of Long-Spring Education
Holding must be subject to the consent of WFOE, and where the shareholders of Long-Spring Education Holding have agreed and confirmed that they will pledge all the equity corresponding to the increase in the registered capital of Long-Spring
Education Holding to WFOE as a security for the performance of obligations and debt repayment under the Series of Cooperation Agreements, the Parties agree to prepare well relevant agreement to pledge the equity of the increased capital before the
shareholders of Long-Spring Education Holding increase the capital of Long-Spring Education Holding, to execute the equity pledge agreement on the day of completion of the industrial and commercial registration of the capital increase, and to
complete the registration of equity pledge as soon as possible. 

  

	 	16.	 Where the guaranty period stipulated in the Equity Pledge Agreement expires or the guaranty period registered
with relevant pledge registration authority expires, and other agreements except the Equity Pledge Agreement in the Series of Cooperation Agreements are still valid, relevant guarantors will continue to provide guaranty for the performance of the
obligations and debt repayment under the cooperation agreement. The scope of the guaranty provided later should not be less than the scope of the guaranty under the original guaranty contract, the guaranty provided later is to the satisfaction of
WFOE and the Proposed Listed Company, and relevant guarantor will make the best efforts to register the pledge, etc. with the applicable registration authority. 

 

	 	17.	 The shareholders of Long-Spring Education Holding and the Domestic Affiliates hereby confirm and agree that,
without the prior written consent of WFOE or its designated person, the shareholders of Long-Spring Education Holding and the Domestic Affiliates will not carry out, or procure to carry out, any activities or transactions that may have a material
effect on the assets, business, personnel, obligations, rights or operation of the Domestic Affiliates, nor carry out, or procure to carry out, any activities or transactions that may have a material effect on the ability of the shareholders of
Long-Spring Education Holding and the Domestic Affiliates to perform their obligations under the Series of Cooperation Agreements, including but not limited to: 

 

	 	a)	 The Domestic Affiliates set up any subordinate enterprises or organizations, including subsidiaries, branches,
and private non-enterprise organizations; 

  

	 	b)	 The Domestic Affiliates or their subordinate enterprises or organizations conduct any activities beyond the
normal business scope or change their operating modes; 

  
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	 	c)	 The Domestic Affiliates and/or their subordinate enterprises or organizations merge, split, change the company
organizational form, dissolve, or liquidate; 

  

	 	d)	 The shareholders of Long-Spring Education Holding borrow money from, lend money to, inherit or accept any debts
from the Domestic Affiliates or their subordinate enterprises or organizations, or provide guaranty for any debt; 

  

	 	e)	 The Domestic Affiliates or their subordinate enterprises borrow money from, lend money to, inherit or accept
any debt from any third party, or provides guaranty for any debt, with the exception where such debts are generated in the ordinary course of business of the Domestic Affiliate and the amount of the individual debt is less than RMB ONE HUNDRED
THOUSAND (100,000) Yuan; 

  

	 	f)	 Change or dismiss the directors, supervisors of any Domestic Affiliates or their subordinate enterprises or
organizations, or dismiss and replace any officers of any Domestic Affiliates or their subordinate enterprises or organizations, including but not limited to managers, deputy managers, chief financial officers, chief technology officers, principals,
deans, etc., or increase or decrease the compensation and benefits of the directors, supervisors, managers, principals, deans and other officers of any Domestic Affiliates or their subordinate enterprises or organizations, or modify the terms and
conditions of employment of the directors, supervisors, managers, principals, deans and other officers of any Domestic Affiliates or their subordinate enterprises or organizations; 

 

	 	g)	 Sell, transfer, lend or authorize to use, to third parties other than WFOE or its designated person, or
otherwise dispose of, assets or rights of the Domestic Affiliates or their subordinate enterprises or organizations, including but not limited to the domain names, trademarks, intellectual property rights, proprietary technologies registered by the
Domestic Affiliates or their subordinate enterprises or organizations, or purchase any assets or rights from third parties by the Domestic Affiliates or their subordinate enterprises or organizations, with the exception where the Domestic Affiliates
dispose of or purchase assets necessary for daily operations, and the value of assets involved in a single transaction does not exceed RMB100,000; 

  
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	 	h)	 Sell to any third parties other than WFOE or its designated person the equity of the Domestic Affiliates or
their subordinate enterprises or organizations/the sponsor’s interests, or increase or decrease their registered capital, or change the equity/the sponsor’s equity structure of the Domestic Affiliates or their subordinate enterprises or
organizations; 

  

	 	i)	 To provide guaranty for any third parties other than WFOE or its designated person with the equity of the
Domestic Affiliates or their subordinate enterprises or organizations and/or the sponsor’s interests or with the assets or rights of the Domestic Affiliates or their subordinate enterprises or organizations, or make the Domestic Affiliates or
their subordinate enterprises or organizations provide any other form of guaranty, or create any other encumbrances on the equity of the Domestic Affiliates or their subordinate enterprises or organizations and/or the sponsor’s interests or on
the assets owned by the Domestic Affiliates or their subordinate enterprises or organizations; 

  

	 	j)	 Change, modify or revoke various licenses of the Domestic Affiliates or their subordinate enterprises and
organizations; 

  

	 	k)	 Modify the articles of association or change the business scope of the Domestic Affiliates or their subordinate
enterprises or organizations; 

  

	 	l)	 Change the normal business procedures of the Domestic Affiliates or their subordinate enterprises or
organizations, or modify any internal rules and regulations of the same, including but not limited to financial management systems, rules of procedure of the board of directors/shareholders’ meeting, working rules of managers/other executives,
etc.; 

  

	 	m)	 Conduct any transactions or execute any business contracts in connection with the Domestic Affiliates or their
subordinate enterprises or organizations with third parties outside the existing normal business of the Domestic Affiliates or their subordinate enterprises or organizations, in the absence of any relevant planning or recommendations from WFOE or
the Proposed Listed Company; 

  

	 	n)	 Distribute dividends, reasonable returns or other payments to the shareholders or sponsor of the Domestic
Affiliates or their subordinate enterprises or organizations in any way; 

  

	 	o)	 Engage in any activity that has an adverse effect on the daily operation, business, assets of the Domestic
Affiliates or their subordinate enterprises or organizations and on the ability of the Domestic Affiliates or their subordinate enterprises or organizations to pay WFOE; 

  
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	 	p)	 Conduct any transaction that has or may have an adverse effect on the various cooperation between WFOE and the
Shareholders of Long-Spring Education Holding, the Domestic Affiliates or their subordinate enterprises or organizations under the Series of Cooperation Agreements; and 

 

	 	q)	 Transfer the rights and obligations under the Agreement and other cooperation agreements to any third party
other than WFOE or its designated person, or the shareholders of Long-Spring Education Holding, the Domestic Affiliates or their subordinate enterprises or organizations establish or enter into with any third party any cooperation or business
relationship that is the same as or similar to this cooperation. 

  

	 	18.	 The shareholders of Long-Spring Education Holding undertake to WFOE that they have made all proper arrangements
and signed all necessary documents to ensure that in the event of their death, incapacity, restricted capacity, divorce or other occurrences that may affect their exercise the (direct and/or indirect) equity in Long-Spring Education Holding, the
persons who may therefore inherit their (direct and/or indirect) equity or related rights in Long-Spring Education Holding, such as successors, guardians, spouses, etc. will not affect or hinder the performance of the Series of Cooperation
Agreements. Related arrangements include but are not limited to: 

  

	 	a)	 The shareholders of Long-Spring Education Holding and their spouses unanimously agree that, in the event of
incapacity, restricted capacity of the shareholders of Long-Spring Education Holding, all of their (direct and indirect) equity interests in Long-Spring Educational Holding will be transferred, unconditionally and free of charge, to WFOE or other
person designated by the Proposed Listed Company. The shareholders of Long-Spring Education Holding and their spouses further agree that under such circumstances, the shareholders of Long-Spring Education Holding, their spouses and guardians must
respond, unconditionally and free of charge, to the requests from WFOE or other persons designated by the Proposed Listed Company for all necessary assistance and support to complete the legal procedures related to the aforesaid transfer of equity
interests; 

  

	 	b)	 The shareholders of Long-Spring Education Holding and their spouses unanimously agree that, upon the death of
either the Shareholders of Long-Spring Education Holding or their spouses, the (direct and indirect) equity interests of the shareholders of Long-Spring Education Holding in Long-Spring Education Holding will be transferred to WFOE or the person
designated by the Proposed Listed Company free of charge and unconditionally, other than being included in the scope of legal inheritance of the deceased. The shareholders of Long-Spring Education Holding and their spouses unanimously agree that
under such circumstances, the estate administrators of the deceased must respond, unconditionally and free of charge, to the requests from WFOE or other persons designated by the Proposed Listed Company for all necessary assistance and support to
complete the legal procedures related to the aforesaid transfer of equity interests; and 

  
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	 	c)	 The shareholders of Long-Spring Education Holding and their spouses unanimously agree that, in the event of
divorce between the shareholders of Long-Spring Education Holding and their spouses, all the (direct and indirect) equity interests of the shareholders of Long-Spring Education Holding in Long-Spring Educational Holding will be transferred to WFOE
or other persons designated by the Proposed Listed Company without consideration and without conditions, other than being included in the scope of property to be divided or distributed as a result of the divorce. The shareholders of Long-Spring
Education Holding and their spouses unanimously agree that under such circumstances, the shareholders of Long-Spring Education Holding and their spouses must respond, unconditionally and free of charge, to the requests from WFOE or other persons
designated by the Proposed Listed Company for all necessary assistance and support to complete the legal procedures related to the aforesaid transfer of equity interests. 

 

	 	19.	 The shareholders of Long-Spring Education Holding unanimously agree that, in the event that the equity
interests held by the Shareholders of Long-Spring Education Holding in Long-Spring Education Holding is petitioned for compulsory enforcement, or in the event of other similar occurrences that may constitute a major restriction or other disposal of
the equity interests held by the Shareholders of Long-Spring Education Holding in Long-Spring Education Holding, Zhang Shaowei will assume joint and several responsibilities to provide WFOE and/or other persons designated by the Proposed Listed
Company with full capital immediately and free of charge, and to accept the transfer of equity interests held by cooperate shareholders in Long-Spring Education Holding at a price permitted by the PRC laws. The shareholders of Long-Spring Education
Holding further agree that under such circumstances, the shareholders of Long-Spring Education Holding and Long-Spring Education Holding must respond, unconditionally and free of charge, to the requests from WFOE or other persons designated by the
Proposed Listed Company for all necessary assistance and support to complete the legal procedures related to the aforesaid transfer of equity of Long-Spring Education Holding, and will voluntarily and irrevocably waive the exercise of statutory
and/or agreed revocation rights, and will not conduct other acts and/or omissions that may prevent WFOE or the person designated by the Proposed Listed Company from obtaining and exercising the equity of Long-Spring Education Holding.

  
 15 

	 	20.	 The shareholders of Long-Spring Education Holding warrant to WFOE that, without the prior written consent of
WFOE, the shareholders of Long-Spring Education Holding (whether alone or jointly) will not directly or indirectly carry out, participate in, or engage in any business or activity that competes with or may constitute competition with the business of
the Proposed Listed Company and its subsidiaries, the Domestic Affiliates and their subordinate enterprises or organizations, nor acquire or hold any business that competes with or may constitute competition with the Domestic Affiliates and their
subordinate enterprises or organizations, nor take advantage of the information obtained from the Domestic Affiliates and their subordinate enterprises or organizations to engage in or directly or indirectly participates in any businesses that
compete with or may constitute competition with the Domestic Affiliates and their subordinate enterprises or organizations, nor gain any benefit from any business s that compete with or may constitute competition with the Domestic Affiliates and
their subordinate enterprises or organizations. 

  

	 	21.	 The shareholders of Long-Spring Education Holding confirm and agree that, in the event that the Shareholders of
Long-Spring Education Holding (whether alone or jointly), directly or indirectly, carry out, participate in or engage in any business or activity that competes with or may constitute competition with the business of the Proposed Listed Company and
its subsidiaries, the Domestic Affiliates and their subordinate enterprises or organizations, WFOE and/or other subjects designated by the Proposed Listed Company shall be entitled to an option free of charge in accordance with the contract,
requiring (i) the legal entity engaged in the business of competition to promptly enter into a full set of arrangements with WFOE and/or other subjects designated by the Proposed Listed Company, which are similar to the Series of Cooperation
Agreements and under which the consideration must be determined by the Parties based on the principles of fairness and reasonableness and in accordance with the valuation of third-party professional valuers and applicable laws and regulations and
the mechanisms and procedures required by the listing rules; or (ii) cease to engage in such competitive business. WFOE and/or the Proposed Listed Company shall be entitled to decide within a reasonable time after receiving the written notice
from the shareholders of Long-Spring Education Holding whether to require the legal entity engaged in competition business to enter into a full set of arrangements similar to the Series of Cooperation Agreements with WFOE and/or other subjects
designated by the Proposed Listed Company. Where WFOE and/or other subjects designated by the Proposed Listed Company choose to exercise the rights in (i) above, the Shareholders of Long-Spring Education Holding shall procure and ensure the
legal entity engaged in competition business to enter into a full set of arrangements similar to the Series of Cooperation Agreements with WFOE in time; where WFOE and/or other subjects designated by the Proposed Listed Company choose to exercise
the rights in (2) above, the shareholders of Long-Spring Education Holding shall terminate such competitive business in a reasonable manner within a reasonable time in order to eliminate the business competition between the shareholders of
Long-Spring Education Holding and the Proposed Listed Company and WFOE. 

  
 16 

	 	22.	 The shareholders of Long-Spring Education Holding and the Domestic Affiliates warrant to WFOE that they will
not take any acts or omissions that may be contrary to the purpose and intention of the Series of Cooperation Agreements, which leads to or may lead to a conflict of interests between WFOE and the shareholders of Long-Spring Education Holding, the
Domestic Affiliates and their subordinate enterprises and organizations. In the event of a conflict between the shareholders of Long-Spring Education Holding, the Domestic Affiliates and WFOE during the performance of the Series of Cooperation
Agreements, the shareholders of Long-Spring Education Holding and the Domestic Affiliates will safeguard the legal interests of WFOE in the Series of Cooperation Agreements and obey the instructions of WFOE accordingly. 

 

	 	23.	 The shareholders of Long-Spring Education Holding confirm to WFOE that after the shareholders of Long-Spring
Education Holding in Long-Spring Education Holding have contributed their entire capital to Long-Spring Education Holding, such contributed capital will become the asset of Long-Spring Education Holding, and the shareholders of Long-Spring Education
Holding will not in any event require Long-Spring Education Holding to repay the contributed capital, nor require WFOE to compensate for the contributed capital. 

 

	 	24.	 The shareholders of Long-Spring Education Holding unanimously agree that their rights and obligations under the
Series of Cooperation Agreements are an integral part incidental to their equity in Long-Spring Education Holding, and unless otherwise instructed by WFOE, any person’s acquiring and/or exercising the equity of Long-Spring Education Holding
through any means (including but not limited to acceptance of transfer, property division, inheritance, guardianship, agency) shall be deemed to recognize and accept the corresponding rights and obligations under the Series of Cooperation
Agreements, as if the person had executed the Series of Cooperation Agreements in person. Where any of the foregoing persons challenges, raises an objection or makes other reservations to the corresponding rights and obligations under the Series of
Cooperation Agreements, any acts or omissions of such persons that conflict with the Series of Cooperation Agreements shall be invalid, and WFOE shall reserve the legal right to recover the its losses, if any, arising therefrom.

  
 17 

	 	25.	 The Domestic Affiliates agree that their rights and obligations under the Series of Cooperation Agreements are
an integral part incidental to the interests held by them in the sponsor of the Domestic Affiliates, and unless otherwise instructed by WFOE, any person’s acquiring and/or exercising the interests of the shareholders and/or sponsor of the
Domestic Affiliates through any means (including but not limited to acceptance of transfer, merger, division, bankruptcy management, dissolution, liquidation, property escrow, agency) shall be deemed to recognize and accept the corresponding rights
and obligations under the Series of Cooperation Agreements, as if the person had executed the Series of Cooperation Agreements in person . Where any of the foregoing persons challenges, raises an objection or makes other reservations to the
corresponding rights and obligations under the Series of Cooperation Agreements, any acts or omissions of such persons that conflict with the Series of Cooperation Agreements shall be invalid, and WFOE shall reserve the legal right to recover the
its losses, if any, arising therefrom. 

 IV. Financial Management and Payment of Fees 

1. Service Fees 
  

	 	a)	 In accordance with the Agreement and the Exclusive Technical Service and Management Consultancy Agreement, WFOE
will provide the Domestic Affiliates with exclusive technical services and exclusive management consulting services required for private education activities, including but not limited to the development, design, maintenance and update of
educational software, educational websites and web page, the compilation, selection and/or recommendation of school curriculum, professional design and school teaching materials, the recruitment of teachers and other staff, training support, support
for admissions, maintenance of public relations, market research and development, management and marketing consulting and other related services. The Domestic Affiliates shall pay WFOE technical service fees, management and consulting service fees,
etc. (hereinafter referred as collectively to the “Service Fees”) as a consideration in accordance with relevant agreements. 

  

	 	b)	 For details of the calculation, confirmation and payment of the Service Fees, please refer to the relevant
provisions of “V. Service Fees” in the Exclusive Technical Service and Management Consultancy Agreement. 

  
 18 

 2. Financial Statements 

The Domestic Affiliates shall adopt the accounting system established and implemented in accordance with sound business practices, and prepare
the financial statements of the Domestic Affiliates and their subordinate enterprises or organizations in compliance with WFOE requirements, and shall deliver such financial statements and other financial reports to WFOE within 3 working days from
the date of completion of the same. 
 3. Audit 

The Domestic Affiliates shall allow WFOE, the Proposed Listed Company and/or its designated auditor to audit relevant books and records of the
Domestic Affiliates and their subordinate enterprises or organizations at the principal office of the Domestic Affiliates after a reasonable notice, and to make copies of the required part of such books and records in order to verify the accuracy of
the amount of income and statements in any period. For this purpose, the Domestic Affiliates agree to provide relevant information and materials about the operation, business, customers, finances, employees, etc. of the Domestic Affiliates and their
subordinate enterprises or organizations, and agree that the Proposed Listed Company discloses such information and materials in order to meet the requirements of the securities regulatory authorities of the place where it intends to list. 

V. Liabilities for Breach of Contract 
  

	 	1.	 Where a Party is in breach of the Agreement and the Series of Cooperation Agreements, thereby causing all or
part of the Agreement and the Series of Cooperation Agreements impossible to be performed, the defaulting party shall be liable therefor, continue to actually perform the agreements and compensate other parties for the losses incurred (including the
court costs and attorney fees arising therefrom). 

  

	 	2.	 The Parties agree that, where permitted by applicable laws, WFOE has the right to resort to the competent court
or arbitration institution for statutory relief or other relief measures against the equity or land or other assets held by the defaulting party in respect of the breach by the shareholders of the Long-Spring Education Holding and the Domestic
Affiliates under the Series Cooperation Agreements, including but not limited to the transfer of equity of the Domestic Affiliates and their subordinate enterprises or organizations and/or the sponsors’ interests, or the compulsory transfer of
assets of the shareholders of Long-Spring Education Holding, the Domestic Affiliates and their subordinate enterprises or organizations, or ordering the dissolution and liquidation of the Domestic Affiliates and their subordinate enterprises or
organizations to compensate for the losses of WFOE. 

  
 19 

 VI. Governing Laws and Settlement of Disputes 

 

	 	1.	 Changes of Laws 

At any time after the execution of the Agreement, in the case of the promulgation or amendment of any PRC law, regulations or rules, or in the
case of changes in the interpretation or application of such laws, regulations or rules, the following provisions shall apply: 
  

	 	a)	 Where the above changes or new regulations are more favorable to any Party than the applicable laws,
regulations, ordinances or rules in force on the date of execution of the Agreement (and the other Parties are not seriously affected thereby), under the coordination of WFOE, the Parties shall change the Series of Cooperation Agreements in a timely
manner to obtain the benefits brought by such changes or new regulations; or the Parties should apply in a timely manner to obtain the benefits brought by such changes or new regulations, and the Parties should make the best efforts to make the
application approved; and 

  

	 	b)	 Where any Party’s economic interests under the Agreement are directly or indirectly severely and adversely
affected due to the above changes or new regulations, the Agreement shall continue to be implemented in accordance with the original terms. Each Party shall use all legal means to obtain an exemption from compliance with the changes or new
regulations. Where the adverse effect on the economic interests of any Party cannot be resolved in accordance with the provisions of the Agreement, after the affected Party notifies the other Parties, under the coordination by WFOE, the Parties
shall promptly negotiate and make all necessary modifications to the Series of Cooperation Agreements to maintain the affected Party’s economic interests under the Agreement. 

 

	 	2.	 The conclusion, validity, interpretation, performance, modification, and termination of the Agreement and the
settlement of disputes under the Agreement shall be governed by the PRC laws. 

  

	 	3.	 Any dispute, controversy or claim arising out of or related to the Agreement or the performance,
interpretation, breach, termination or validity of the Agreement shall be resolved upon friendly negotiation. The negotiation shall begin as soon as a disputing party serves a written consultation request on the other party in dispute, where the
consultation request states the dispute or claim in detail. 

  
 20 

	 	4.	 If the dispute cannot be resolved within thirty (30) days after the above notice is served, either party
has the right to submit the dispute to arbitration. The Parties agree that the dispute shall be submitted to the China International Economic and Trade Arbitration Commission (CIETAC) in Beijing, and the CIETAC shall make an arbitral award in
accordance with the then-effective arbitration rules of the CIETAC. The arbitral award is final and binding on the Parties. The arbitration commission has the right to rule that, with respect to the equity interests or the sponsors’ interests,
property interests or other assets of the Domestic Affiliates, WFOE shall be compensated for the losses caused to WFOE due to the breaching behaviors of other Parties hereto, or to issue corresponding injunctions (for the purpose of business
operation or forced transfer of assets), or to rule that the Domestic Affiliates shall be dissolved and liquidated. After the arbitral award comes into effect, either Party has the right to apply to a court of competent jurisdiction to enforce the
arbitral award. 

  

	 	5.	 At the request of a party in dispute, before the arbitral tribunal is formed according to law or under
appropriate circumstances, the court of competent jurisdiction has the right to grant an interim relief to support the process of the arbitration, for example, by seizing or freezing the equity or the sponsor’s interests, property rights, or
other assets of the breaching party according to a judgment or a ruling. For the above purposes, the courts of competent jurisdiction include Hong Kong courts, Cayman Islands courts, the courts where the main assets of the Proposed Listed Company
are located, and the courts where the main assets of the Domestic Affiliates are located, in addition to the PRC courts. 

  

	 	6.	 During the arbitration, except the matters in dispute submitted to arbitration, the Parties to the Agreement
shall continue to perform their other obligations under the Agreement. 

  

	 	7.	 Any rights, powers and remedies conferred on each Party by any provision of the Agreement shall not exclude any
other rights, powers or remedies that the Party enjoys in accordance with the provisions of laws and other provisions under the Agreement, and the exercise by a Party of rights, powers and remedies shall not preclude the Party from exercising its
other rights, powers and remedies. 

  

	 	8.	 A Party’s failure to exercise or delay in exercising any of its rights, powers or remedies under the
Agreement or laws (hereinafter referred to as the “Party’s Rights”) shall not result in a waiver of the Party’s Rights; and a single or partial waiver of any rights by a Party shall not preclude the Party from exercising
the Party’s Rights in other ways or from exercising other rights of the Party. 

  
 21 

 VII. Confidentiality 
  

	 	1.	 The Parties hereby acknowledge and determine that any oral or written information exchanged between them in
connection with the Agreement is confidential. Each Party shall keep all such information confidential, and shall not disclose any relevant information to any third party without the written consent of the other Parties, except:

  

	 	a)	 the public is aware of or will become aware of such information (not as a result of unauthorized disclosure to
the public by the party who receives the information); 

  

	 	b)	 the information is disclosed as required by applicable laws and regulations or the rules or regulations
governing the transactions of securities; or 

  

	 	c)	 the information needs to be disclosed by a Party to its legal or financial adviser in connection with the
transactions hereunder, provided that such legal or financial adviser is also subject to confidentiality obligations similar with this clause. 

  

	 	2.	 The leakage of the information by the staff of a Party or the agency recruited by the Party shall be deemed to
be the leakage committed by the Party, and the Party shall be liable for breach of contract in accordance with the Agreement. 

  

	 	3.	 The Parties agree that the confidentiality provisions in this Article VII shall survive regardless of whether
the Agreement is invalid, changed, rescinded, terminated, or non-operable. 

 VIII.
Severability 
  

	 	1.	 Where any one or more of the provisions of the Agreement are found to be invalid, illegal or unenforceable in
any respect under any law or regulation, the validity, legality or enforceability of other provisions of the Agreement shall not be affected or impaired thereby in any way. The Parties shall negotiate in good faith to replace those invalid, illegal
or unenforceable provisions with legally permitted and expected maximum valid provisions, and the economic effects of such valid provisions shall be similar as far as possible with those of invalid, illegal or unenforceable provisions.

 IX. Term 
  

	 	1.	 The Agreement shall take effect on the date when the Parties execute the Agreement, and shall terminate
automatically after WFOE and/or other civil parties designated by the Proposed Listed Company have fully exercised their rights to acquire all (direct and indirect) interests of the shareholders of Long-Spring Education Holding in the Domestic
Affiliates in accordance with the Exclusive Call Option Agreement entered into by and among them and the Domestic Affiliates and the shareholders of Long-Spring Education Holding on the date of execution of the Agreement. WFOE may terminate the
Agreement unilaterally by serving a thirty (30) days’ prior notice. Unless otherwise provided by law, in no case shall the Domestic Affiliates or the shareholders of Long-Spring Education Holding have the right to unilaterally terminate or
rescind the Agreement. 

  
 22 

	 	2.	 For the avoidance of doubt, in accordance with the Exclusive Call Option Agreement, if the laws and regulations
of the PRC allow WFOE and/or another foreign-owned or offshore entity designated by the Proposed Listed Company to directly hold part or all of the equity interests of the Domestic Affiliates and/or the sponsors’ equity interests, and to engage
in restricted/prohibited business such as private education through the Domestic Affiliates, then WFOE shall issue an equity purchase notice as soon as practicable, and a minimum limit for the purchaser of the equity interests to acquire the (direct
and indirect) equity interests from the shareholders of Long-Spring Education Holding shall not be less than an upper threshold permitted by the laws and regulations of the PRC for WFOE and/or another foreign-owned or offshore entity designated by
the Proposed Listed Company to acquire the equity interests of the Domestic Affiliates. The Agreement shall automatically terminate after the purchaser of the entity interests has fully exercised, in accordance with the Exclusive Call Option
Agreement, the option of acquiring all (direct and indirect) equity interests from the shareholders of Long-Spring Education Holding in the Domestic Affiliates. 

X. Amendments 
  

	 	1.	 Subject to a consensus reached between the Parties hereto and approval of the shareholders (meetings) of WFOE,
the Parties to the Agreement may modify or supplement the Agreement and take all necessary steps and actions to make such modifications or supplements legal and effective at their own expenses. 

 

	 	2.	 If the Stock Exchange of Hong Kong Limited (hereinafter referred to as “SEHK”) or other
regulators propose any modifications to the Agreement, or any changes related to the Agreement have occurred to the listing rules or related requirements of the SEHK, the Parties shall revise the Agreement accordingly. 

XI. Force Majeure 
  

	 	1.	 If the obligations of a Party under the Agreement are not fulfilled due to a force majeure event, the
liabilities under the Agreement shall be waived to the extent of impact of the force majeure event. For the purpose of the Agreement, force majeure events include only natural disasters, storms, tornadoes and other weather conditions, strikes,
factory closedown/work stoppages or other industry problems, wars, riots, conspiracies, acts of hostilities, acts of terrorism, or violence of criminal organizations, blockades, severe illness or plagues, earthquakes or other crustal movements,
floods and other natural disasters, bomb explosions or other explosions, fires, accidents, or government actions, which lead to failure of performing the Agreement. 

  
 23 

	 	2.	 When a force majeure event occurs, the Party affected by the force majeure event shall make every effort to
reduce and remove the impact of the force majeure event, and shall undertake the delayed and impeded obligations under the Agreement. After the force majeure event is lifted, the Parties agree to make every effort to continue to perform the
Agreement. 

  

	 	3.	 If there is a possible force majeure event that causes delay or impeding of the Agreement or threatens to delay
or impede the performance of the Agreement, the Party concerned shall immediately notify the other Parties in writing and provide all relevant information. 

XII. Changes of Circumstances 
  

	 	1.	 Where at any time, as a result of the promulgation or amendment of any PRC law, regulations or rules, or due to
changes in the interpretation or application of such laws, regulations or rules, or due to changes in relevant registration procedures, WFOE considers that maintaining the effectiveness and performance of the Agreement becomes illegal or violates
such laws, regulations or rules, the shareholders of Long-Spring Education Holding and the Domestic Affiliates shall immediately take any action and/or sign any Agreement or other document in accordance with the written instructions of WFOE and in
accordance with the requirements of WFOE, to: 

  

	 	(a)	 keep the Agreement valid; and/or 

 

	 	(b)	 achieve the intent and purposes of the Agreement in the manner specified in the Agreement or in other manners.

 XIII. Miscellaneous 
  

	 	1.	 The Parties agree that, to the extent permitted by the PRC laws, WFOE may transfer its rights and obligations
under the Agreement to other third parties, if necessary. WFOE is only required to give a written notice to the other Parties when such transfer occurs, without the other Parties’ consent for such transfer. 

 

	 	2.	 The Parties agree that, without the prior written consent of WFOE, neither the Domestic Affiliates nor the
shareholders of Long-Spring Education Holding shall transfer their rights and obligations under the Agreement to any other party. 

  

	 	3.	 The Parties agree that the Agreement is valid and binding on the Parties and their respective heirs, successors
and assigns. 

  
 24 

	 	4.	 In any case, where any third party, other than the shareholders of Long-Spring Education Holding, accepts the
transfer of equity of Long-Spring Education Holding, the shareholders of Long-Spring Education Holding shall be obliged to cause relevant assign to accept the rights and obligations under the Series of Cooperation Agreements in writing and subject
to such rights and obligations. 

  

	 	5.	 In any case, where any third party, other than the existing shareholders of the Domestic Affiliates and/or the
sponsors, accepts the transfer of interests of the shareholders of the Domestic Affiliates and/or the sponsor, the shareholders of Long-Spring Education Holding, the existing shareholders of the Domestic Affiliates and/or the sponsors shall be
obliged to cause relevant assign to accept the rights and obligations under the Series of Cooperation Agreements in writing and subject to such rights and obligations. 

 

	 	6.	 The Agreement is written in Chinese and executed in multiple counterparts having the same legal effect.

 (There is no text below) 

  
 25 

 (This page is signature page (i) of the Agreement, and contains no text) 

 

			
	 Yunnan Century Long-Spring Technology Co., Ltd.

/s/ (Seal) Yunnan Century Long-Spring Technology Co., Ltd. Affixed

By: /s/ Zhang Shaowei
	  	 Long-Spring Education Holding Group Limited

/s/ (Seal) Long-Spring Education Holding Group Limited Affixed

By: /s/ Zhang Shaowei

		
	 Yunnan Zhongchuang Education Tutorial School

/s/ (Seal) Yunnan Zhongchuang Education Tutorial School Affixed

By: /s/ Liu Kai
	  	 Beijing Hengyue Education Technology Co., Ltd.

/s/ (Seal) Beijing Hengyue Education Technology Co., Ltd. Affixed

By: /s/ Su Kang

		
	 Ordos Hengyue Education Technology Co., Ltd.

/s/ (Seal) Ordos Hengyue Education Technology Co., Ltd. Affixed
  

By: /s/ Su Kang
	  	 Ordos Hengshui Experimental High School

/s/ (Seal) Ordos Hengshui Experimental High School Affixed
  

By: /s/ Su Kang

		
	 Resort District Hengshui Experimental Secondary School

/s/ (Seal) Resort District Hengshui Experimental Secondary School Affixed

By: /s/ Zhang Shaowei
	  	 Yunnan Hengshui Chenggong Experimental Secondary School

/s/ (Seal) Yunnan Hengshui Chenggong Experimental Secondary School Affixed

By: /s/ Zhang Shaowei

		
	 Yunnan Hengshui Experimental Secondary School - Xishan School

/s/ (Seal) Yunnan Hengshui Experimental Secondary School - Xishan School Affixed

By: /s/ Zhang Shaowei
	  	 Yunnan Hengshui Yiliang Experimental Secondary School

/s/ (Seal) Yunnan Hengshui Yiliang Experimental Secondary School Affixed

By: /s/ Zhang Shaowei

		
	 Yunnan Long-Spring Foreign Language Secondary School

/s/ (Seal) Yunnan Long-Spring Foreign Language Secondary School Affixed

By: /s/ Zhang Shaowei
	  	 Qujing Hengshui Experimental Secondary School

/s/ (Seal) Qujing Hengshui Experimental Secondary School Affixed

By: /s/ Zhang Shaowei

		
	 Yunnan Yuxi Hengshui Experimental High School

/s/ (Seal) Yunnan Yuxi Hengshui Experimental High School Affixed

By: /s/ Zhang Shaowei
	  	

  
 26 

 (This page is signature page (ii) of the Agreement, and contains no text) 

 

			
	 Zhang Shaowei
 By: /s/ Zhang
Shaowei
	  	 Wu Yu
 By: /s/ Wu Yu

		
	 Kunming Qiuzhen Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Qiuzhen Enterprise Management Partnership (LLP) Affixed

By: /s/ Zhang Shaowei
	  	 Kunming Ziyue Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Ziyue Enterprise Management Partnership (LLP) Affixed

By: /s/ Zhu Lidong

		
	 Kunming Shuyu Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Shuyu Enterprise Management Partnership (LLP) Affixed

By: /s/ Zhang Shaowei
	  	 Kunming Mingde Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Mingde Enterprise Management Partnership (LLP) Affixed

By: /s/ Zhang Shaowei

		
	 Kunming Mingzhi Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Mingzhi Enterprise Management Partnership (LLP) Affixed

By: /s/ Wu Minglin
	  	

  
 27 

 Appendix I: Domestic Affiliates 

 

	 	1.	 Long-Spring Education Holding Group Limited 

 

	 	2.	 Beijing Hengyue Education Technology Co., Ltd. 

 

	 	3.	 Ordos Hengyue Education Technology Co., Ltd. 

 

	 	4.	 Resort District Hengshui Experimental Secondary School 

 

	 	5.	 Yunnan Hengshui Chenggong Experimental Secondary School 

 

	 	6.	 Yunnan Hengshui Experimental Secondary School—Xishan School 

 

	 	7.	 Yunnan Hengshui Yiliang Experimental Secondary School 

 

	 	8.	 Yunnan Long-Spring Foreign Language Secondary School 

 

	 	9.	 Qujing Hengshui Experimental Secondary School 

 

	 	10.	 Yunnan Yuxi Hengshui Experimental High School 

 

	 	11.	 Ordos Hengshui Experimental High School 

 

	 	12.	 Yunnan Zhongchuang Education Tutorial School 

  
 28 

 Appendix II: List of the Shareholders of Long-Spring Education Holding 

 

	 	1.	 Zhang Shaowei 

  

	 	2.	 Wu Yu 

  

	 	3.	 Kunming Qiuzhen Enterprise Management Partnership (LLP) 

 

	 	4.	 Kunming Ziyue Enterprise Management Partnership (LLP) 

 

	 	5.	 Kunming Shuyu Enterprise Management Partnership (LLP) 

 

	 	6.	 Kunming Mingde Enterprise Management Partnership (LLP) 

 

	 	7.	 Kunming Mingzhi Enterprise Management Partnership (LLP) 

  
 29EX-10.5

 Exhibit 10.5 

Exclusive Call Option Agreement 
 This
Exclusive Call Option Agreement (hereinafter referred to as the “Agreement”) is entered into on December 13, 2018 by and among: 
  

	A.	 Yunnan Century Long-Spring Technology Co., Ltd., a wholly foreign-owned enterprise legally established and
existing under the PRC laws, with its unified credit code of 91530100MA6K83075A and its registered address at No. 5-20, 9/F, Building 2, Shanghai ASEAN Building, Chenggong District, Kunming City, Yunnan
Province (hereinafter referred to as “WFOE”); 

  

	B.	 The shareholders of Long-Spring Education Holding (see Appendix II hereto for details, hereinafter referred to
as the “Shareholders of Long-Spring Education Holding”); and 

  

	C.	 Domestic Affiliates, Long-Spring Education Holding Group Limited (“Long-Spring Education
Holding”) and its subsidiaries and schools (see Appendix I hereto for details) (one or all of the aforementioned parties is or are hereinafter referred to as a “Domestic Affiliate” or the “Domestic
Affiliates”). 

 (WFOE, the shareholders of Long-Spring Education Holding and the Domestic Affiliates shall be hereinafter
referred to individually as a “Party”, or collectively, as the “Parties”) 
 Whereas 

 

	1.	 The shareholders of Long-Spring Education Holding directly and/or hold relevant interests in the Domestic
Affiliates in accordance with laws, including (a) the shareholders of Long-Spring Education Holding legally hold 100% equity interests of Long-Spring Education Holding; (b) Long-Spring Education Holding legally holds/indirectly holds 100%
of the sponsor’s interests of its subordinate schools. 

  

	2.	 The shareholders of Long-Spring Education Holding intend to grant WFOE or its designated purchasers an
irrevocable and exclusive call option to purchase all or part of the interests held directly and indirectly by the shareholders of Long-Spring Education Holding in the Domestic Affiliates from time to time (hereinafter referred to as the
“Interests Option”), and WFOE intends to accept the Interests Option granted by the shareholder of Long-Spring Education Holding. 

Accordingly, upon friendly negotiation, the Parties agree on the exclusive call option as follows: 

  
 1 

 I. Definitions and Interpretations 

Unless otherwise stated or required, the following terms shall have the following meanings when used in the Agreement: 

“Proposed Listed Company” means First High-School Education Group Co., Ltd., a limited company incorporated under the laws of the Cayman
Islands on September 19, 2018. 
 “Long-Spring Education Holding” means Long-Spring Education Holding Group Limited, a limited company
incorporated on September 20, 2011 under the PRC laws. 
 “Equity Pledge Agreement” means the Equity Pledge Agreement entered into by
the shareholders of Long-Spring Education Holding, WFOE and Long-Spring Education Holding at the time of execution of the Agreement to guarantee the performance by the Domestic Affiliates and the shareholders of Long-Spring Education Holding of
their obligations under the Series of Cooperation Agreements. 
 “School Sponsors’ and Directors’ Rights Entrustment Agreement”
means the School Sponsors’ and Directors’ Rights Entrustment Agreement entered into by the school sponsor, the directors appointed by the School Sponsor in the schools and WFOE at the time of execution of the Agreement. 

“Series of Cooperation Agreements” mean collectively refers to the Agreement and the Business Cooperation Agreement, the Exclusive Call
Option Agreement, the Shareholders’ Rights Entrustment Agreement and the corresponding Power of Attorney, the School Sponsors’ and Directors’ Rights Entrustment Agreement and the corresponding Power of Attorney, the Equity Pledge
Agreement, the Exclusive Technical Service and Management Consultancy Agreement, and the Loan Agreement, signed by the shareholders of Long-Spring Education Holding, the Domestic Affiliates and the two or more parties of WFOE, including the
amendments thereto, and other agreements, contracts, or legal documents that are signed or issued by one or more Parties hereto from time to time to ensure performance of the above agreements and that are signed or approved by WFOE in writing. 

“PRC” means the People’s Republic of China (for the purpose of the Agreement only, excluding the Hong Kong Special Administrative
Region, Macao Special Administrative Region, and Taiwan region). 
 “Assets” mean all tangible and intangible assets owned by the Domestic
Affiliates, including but not limited to all direct or indirect fixed assets, current assets, capital interests in external investment, intellectual property rights, available benefits under all contracts concluded, and any other benefits duly
available to the Domestic Affiliates. 

  
 2 

 II. Transfer of Interests of the Domestic Affiliates 

1. Granting an Option 
 The shareholders of Long-Spring
Education unconditionally and irrevocably grant WFOE or its designated purchasers an exclusive call option to purchase the interests of the Domestic Affiliates on the terms and conditions contained herein. WFOE or its designated purchasers
(hereinafter collectively referred to as the “Purchasers of Domestic Affiliates’ Interests”, individually, a “Purchaser of Domestic Affiliates’ Interests”) have the right to determine to purchase, at one
time or in portions, all or part of the interests held directly and/or indirectly by the shareholders of Long-Spring Education Holding in the Domestic Affiliates from time to time, on the terms and conditions contained herein, and pay the
shareholders of Long-Spring Education Holding and/or their designated subjects the lowest prices permitted by the PRC laws and regulations (hereinafter referred to as the “Purchase Prices of Domestic Affiliates’
Interests”). The shareholders recorded in the articles of association and the school constitution of the Domestic Affiliates’ subordinate companies and schools and/or the school sponsor confirm, through the confirmation letter, that
they have waived their respective preemptive right to the transfer of interests of the aforesaid Domestic Affiliates in accordance with the PRC laws and regulations and the articles of association and school constitution, and unconditionally and
irrevocably agree to transfer the interests directly and/or indirectly held by the shareholders of Long-Spring Education Holding in the Domestic Affiliates to the Purchasers of Domestic Affiliates’ Interests. 

2. Exercising Procedure 
 In the case that the PRC laws
and regulations allow the Purchasers of Domestic Affiliates’ Interests to hold part or all of the interests held by the shareholders of Long-Spring Education Holding in the Domestic Affiliates, WFOE may issue a notice to the shareholders of
Long-Spring Education Holding and the Domestic Affiliates at any time during the term of the Agreement (hereinafter referred to as the “Notice of Purchase of Domestic Affiliates’ Interests”), stating the share of interests of
the Domestic Affiliates purchased from the shareholders of Long-Spring Education Holding (hereinafter referred to as the “Purchased Domestic Affiliates’ Interests”) and the identity of the Purchasers of Domestic
Affiliates’ Interests in order to exercise the option to purchase the interests of the Domestic Affiliates. 

  
 3 

 At each exercise of the option to purchase the interests of the Domestic Affiliates, a Purchaser of Domestic
Affiliates’ Interests may decide on its own the proportion of the Purchased Domestic Affiliates’ Interests which it will purchase from the shareholders of Long-Spring Education Holding, but in the case that the PRC laws and regulations
allow WFOE and/or other foreign or overseas entities designated by the Proposed Listed Company to directly hold part or all of the equity interests of the Domestic Affiliates and/or the sponsor’s interests and then engage in the
restricted/prohibited business such as private education through the Domestic Affiliates, WFOE should issue a Notice of Purchase of Domestic Affiliates’ Interests as soon as practicable. The interests of the Domestic Affiliates purchased by the
Purchasers of Domestic Affiliates’ Interests from the shareholders of Long-Spring Education Holding shall not be lower than the maximum limit on the interests that WFOE and/or other foreign or overseas subjects designated by the Proposed Listed
Company may hold in the Domestic Affiliates as permitted by the then PRC laws. 
 3. Transfer of Interests of the Domestic Affiliates 

At each exercise of the option to purchase the interests of the Domestic Affiliates: 
  

	a)	 The shareholders of Long-Spring Education Holding and the direct holders of the interests of the Domestic
Affiliates shall, in accordance with the provisions of the Agreement and the Notice of Purchase of Domestic Affiliates’ Interests, execute a transfer agreement with the Purchasers of Domestic Affiliates’ Interests and other necessary legal
documents; 

  

	b)	 The shareholders of Long-Spring Education Holding and the direct holders of the interests of the Domestic
Affiliates shall procure the Domestic Affiliates to conduct financial settlement in a timely manner in order to handle the legal procedures for the transfer of interests of the Domestic Affiliates (if applicable); 

 

	c)	 The shareholders of Long-Spring Education Holding and the direct holders of the interests of the Domestic
Affiliates shall procure the Domestic Affiliates to convene the company shareholders’ meeting and/or the school board/council meeting in a timely manner, and approve the resolutions on the transfer of interests of the Domestic Affiliates, on
the amendment to the articles of association of the Domestic Affiliates and on related matters; 

  

	d)	 The shareholders of Long-Spring Education Holding and the direct holders of the interests of the Domestic
Affiliates shall procure the Domestic Affiliates to modify the articles of association and school constitution in a timely manner to reflect the transfer of interests of the Domestic Affiliates; 

 

	e)	 The shareholders of Long-Spring Education Holding and the direct holders of the interests of the Domestic
Affiliates shall procure the Domestic Affiliates to apply to the government authorities in charge of industry and commerce, education, and civil affairs in a timely manner for relevant approval and registration legal procedures for the transfer of
interests of the Domestic Affiliates; 

  

	f)	 The shareholders of Long-Spring Education Holding and the direct holders of the interests of the Domestic
Affiliates shall sign all further documents and take all further actions reasonably requested by the Purchasers of Domestic Affiliates’ Interests at any time to make the Purchasers of Domestic Affiliates’ Interests become the legal owners
of the Domestic Affiliates’ interests free from any encumbrances or other unfavorable claims and interests. 

  
 4 

	g)	 The Domestic Affiliates shall sign all further documents and take all further actions reasonably requested by
the Purchasers of Domestic Affiliates’ Interests at any time to make the Purchasers of Domestic Affiliates’ Interests become the legal owners of the Domestic Affiliates’ interests free from any encumbrances or other unfavorable claims
and interests. 

 4. Payment 
 A
Purchaser of Domestic Affiliates’ Interests shall pay the equity purchase price to the shareholders of Long-Spring Education Holding and/or the direct holder of the interests of the Domestic Affiliates within seven (7) days from the date
when the following conditions are met or at another time determined by WFOE: 
  

	a)	 The Purchaser of Domestic Affiliates’ Interests has received all the approval and registration documents
that it considers necessary or appropriate in relation to the transfer of the interests of the Domestic Affiliates; 

  

	b)	 The ownership documents (if any) related to the transferred Domestic Affiliates’ interests have been
delivered to the Purchaser of Domestic Affiliates’ Interests; 

  

	c)	 At the transfer of the Domestic Affiliates’ interests to the Purchaser of Domestic Affiliates’
Interests, all taxes and fees required to transfer the interests of the Domestic Affiliates, other than those that shall be assumed by the Purchaser of Domestic Affiliates’ Interests as clearly stipulated by laws and regulations, have already
paid by the shareholders of Long-Spring Education Holding and/or the direct holder of the interests of the Domestic Affiliates within the statutory payment period; and 

 

	d)	 All the approvals, registrations or filings required for the person nominated by the Purchaser of Domestic
Affiliates’ Interests to act as a director and/or legal representative of the Domestic Affiliate have been completed. 

 III.
Undertakings 
 1. Undertakings of the Shareholders of Long-Spring Education Holding 

The shareholders of Long-Spring Education Holding undertake to WFOE: 
  

	a)	 From the date of execution of the Agreement, without the prior written consent of WFOE, not to sell, assign,
transfer, or otherwise dispose of the interests directly and/or indirectly held by them in the Domestic Affiliates, nor create any encumbrances, at any time from the date of execution of the Agreement, on the interests directly and/or indirectly
held by them in the Domestic Affiliates; 

  
 5 

	b)	 Without the prior written consent of WFOE, not to increase or decrease the registered capital of the Domestic
Affiliates or the sponsor’s contribution, nor agree to such increase or decrease in the registered capital or the sponsor’s contribution; 

  

	c)	 Without the prior written consent of WFOE, not to agree or procure the division of the Domestic Affiliates or
merger with other entities; 

  

	d)	 Without the prior written consent of WFOE, not to dispose of or procure the management of the Domestic
Affiliates to dispose of any assets of the Domestic Affiliates, with the exception where the Domestic Affiliates can prove that the disposal of relevant assets is necessary in the ordinary course of business and the value of the assets involved in a
single transaction is not more than RMB100,000; 

  

	e)	 Without the prior written consent of WFOE, not to terminate or procure the management of the Domestic
Affiliates to terminate any material agreements entered into by the Domestic Affiliates, nor enter into any other agreement that conflicts with any existing material agreements. The aforesaid “material agreements” refer to the agreements
with single total value of more than RMB100,000, or the Series of Cooperation Agreements and/or any agreements similar in nature or content to the Series of Cooperation Agreements; 

 

	f)	 Without the prior written consent of WFOE, not to procure the Domestic Affiliates to conclude transactions that
may materially affect the assets, responsibilities, business operations, equity structure and other legal rights of the Domestic Affiliates (with the exception of those that are produced in the ordinary course of business of the Domestic Affiliates
and with a single transaction amount not more than RMB100,000, or that have been disclosed to WFOE and consented to by WFOE in writing); 

  

	g)	 Without the prior written consent of WFOE, not to procure or agree with the Domestic Affiliates to announce the
distribution of or actually distribute any distributable profits and/or reasonable returns, nor agree to the such distribution; 

  

	h)	 Without the prior written consent of WFOE, not to procure or agree to modify the articles of association of the
Domestic Affiliates; 

  

	i)	 Without the prior written consent of WFOE, not to lend or borrow loans, nor provide guaranty or make other
forms of guaranty, nor assume any major obligation outside normal business activities; the aforesaid “major obligation” means any obligation that a Domestic Affiliate must pay more than RMB100,000, or the obligation to restrict and/or
prevent the Domestic Affiliates from performing the obligations under the Series of Cooperation Agreements normally, or the obligation to restrict and/or prohibit the financial and business operations of the Domestic Affiliates, or any obligation
that may cause changes in the equity structure of the Domestic Affiliates; 

  
 6 

	j)	 To do their utmost to develop the business of the Domestic Affiliates and guarantee the legal and compliant
operations of the Domestic Affiliates, not to have any acts or omissions that may impair the assets, goodwill of the Domestic Affiliates or affect the validity of the operating licenses of the Domestic Affiliates; 

 

	k)	 Before transferring the interests of the Domestic Affiliates to the Purchasers of Domestic Affiliates’
Interests, to sign all documents required for their owning and maintaining the interests of the Domestic Affiliates, provided that such act will not affect the Shareholders’ Rights Entrustment Agreement and the School Sponsors’ and
Directors’ Rights Entrustment Agreement; 

  

	l)	 To sign all documents and take all actions required to transfer the interests of the Domestic Affiliates to the
Purchasers of Domestic Affiliates’ Interests; 

  

	m)	 In the case that it is required for the shareholders of Long-Spring Education Holding to take any action as the
holders of the interests of the Domestic Affiliates so as to perform the obligations under the Agreement by the Domestic Affiliates, to take all actions to cooperate with the Domestic Affiliates to perform the obligations hereunder;

  

	n)	 Within their authorities as the direct and/or indirect shareholders of the Domestic Affiliates, without
impairing the Series of Cooperation Agreements, to procure the directors appointed by them to exercise all rights in the Domestic Affiliates in accordance with the provisions of the Agreement so that the Domestic Affiliates can perform their
obligations under the Agreement; in the case of any director’s failure to exercise the rights in accordance with the above requirements, to dismiss and replace the director immediately; and 

 

	o)	 Price compensation: The shareholders of Long-Spring Education Holding irrevocably undertake that if the
consideration for the purchase, by WFOE or the Purchasers of Domestic Affiliates’ Interests designated by it, of all or part of the interests directly and/or indirectly held by the shareholders of Long-Spring Education Holding in the Domestic
Affiliates is more than RMB0 (say: RMB ZERO Yuan only), the difference will be fully compensated by the shareholders of Long-Spring Education Holding to WFOE or its designated subject. 

  
 7 

 2. Undertakings of the Domestic affiliates 

The Domestic Affiliates undertake to WFOE: 
  

	a)	 From the date of execution of the Agreement, without the prior written consent of WFOE, not to sell, transfer,
permit to use, or otherwise dispose of any assets, nor permit to create any encumbrance on any assets, with the exception where the Domestic Affiliates can prove that such disposal of assets or encumbrance on assets is necessary in the ordinary
course of business and the value of the assets involved in a single transaction is not more than RMB100,000; 

  

	b)	 Not to distribute, directly or indirectly, profits and/or reasonable returns to company shareholders and/or the
school sponsor; 

  

	c)	 To operate the business of the Domestic Affiliates in accordance with the Series of Cooperation Agreements and
the instructions of WFOE; 

  

	d)	 To sign all required or appropriate documents from time to time to maintain the ownership of assets by the
Domestic Affiliates and to make the transactions contemplated under the Agreement and the Series of Cooperation Agreements effective; 

  

	e)	 Without the prior written consent of WFOE, not to supplement, change or modify in any form the articles of
association of the Domestic Affiliates, except as otherwise provided in the Series of Cooperation Agreements; 

  

	f)	 To maintain the continuous operation of the Domestic Affiliates in accordance with good financial and
commercial standards and practices, and to operate their business and handle related matters with care and efficiency; 

  

	g)	 Without the prior written consent of WFOE, not to adopt or approve any resolutions on the Domestic
Affiliates’ engaging in other businesses, changing shareholders and/or the school sponsor, liquidating or dissolving the Domestic Affiliates; 

  

	h)	 Not to incur, assume or guarantee any debts, with the exception of the debts incurred in the ordinary course of
business and with the total amount of a single debt not more than RMB100,000, or the debts that have been disclosed to WFOE and consented to by WFOE in writing; 

 

	i)	 Not to borrow to or guarantee for any third party (including the shareholders and/or sponsor of the Domestic
Affiliates) without the prior written consent of WFOE; 

  

	j)	 To allow WFOE, the Proposed Listed Company and/or its designated auditor to audit relevant books and records of
the Domestic Affiliates and their subordinate enterprises or organizations at the principal office of the Domestic Affiliates after a reasonable notice, and to make copies of the required part of such books and records in order to verify the
accuracy of the amount of income and statements in any period. For this purpose, the Domestic Affiliates agree to provide relevant information and materials about the operation, business, customers, finances, employees, etc. of the Domestic
Affiliates and their subordinate enterprises or organizations, and agree that the Proposed Listed Company may disclose such information and materials in order to meet the requirements of the securities regulatory authorities of the place where it
intends to list. 

  
 8 

	k)	 To take out, in the insurance companies recognized by WFOE, the insurances with the same types and amounts as
those of the insurances generally taken out by the enterprises or organizations that operate similar businesses and have similar properties or assets in the same area as the Domestic Affiliates; 

 

	l)	 Not to merge or associate with anyone without the prior written consent of WFOE; 

 

	m)	 Not to acquire or invest in anyone without the prior written consent of WFOE; 

 

	n)	 To promptly notify WFOE of all litigations, arbitrations, administrative investigations or actions that
materially affect the assets, business or income of the Domestic Affiliates; 

  

	o)	 At the request of the Purchasers of Domestic Affiliates’ Interests, to pledge or mortgage (if applicable)
the assets to WFOE at any time, and to sign all required documents, perform all required registrations and take all usual actions that should be taken so as to set and make such pledges or mortgages effective; and 

 

	p)	 Not to perform or allow any acts or actions that may adversely affect the interests of WFOE under the
Agreement. 

 IV. Representations and Warranties of the Shareholders of Long-Spring Education Holding 

The shareholders of Long-Spring Education Holding represent and warrant to WFOE as follows: 

 

	a)	 The shareholders of Long-Spring Education Holding are natural persons or judicial persons with capacity for
civil rights and full capacity for civil conduct. They have full and independent legal status and legal capacity to execute, deliver and perform the Agreement, and they can independently be subjects of litigation; 

  
 9 

	b)	 All reports, documents, and information provided, before and after the entry into force of the Agreement, by
the shareholders of Long-Spring Education Holding to WFOE regarding the interests of the Domestic Affiliates and all matters required by the Agreement are true, accurate and complete, free from any falsehood, omission or being seriously misleading;

  

	c)	 The debt situation of the shareholders of Long-Spring Education Holding disclosed by them to WFOE is true,
complete and accurate; 

  

	d)	 Except for the encumbrances/right restrictions of the Domestic Affiliates disclosed to WFOE and the right
restrictions created on the interests of the Domestic Affiliates due to the Series of Cooperation Agreements, there isn’t any other encumbrance or right restriction on the interests directly and/or indirectly held by the shareholders of
Long-Spring Education Holding; 

  

	e)	 The Agreement, after being executed by the shareholders of Long-Spring Education Holding, constitutes a legal,
valid and binding obligation of them; 

  

	f)	 They have the full rights, powers and authorities in the shareholders of Long-Spring Education Holding to
execute and deliver the Agreement and all other documents related to the transaction described in the Agreement and to be executed, and they have full rights, powers and authorities to complete the transactions described in the Agreement;

  

	g)	 Except as disclosed to WFOE, there aren’t any pending or, to the knowledge of the shareholders of
Long-Spring Education Holding, threatening lawsuits, legal proceedings or claims in any courts, arbitral tribunals, government authorities or administrative authorities against the shareholders of Long-Spring Education Holding or their assets, which
may have an adverse effect on the financial position of the shareholders of Long-Spring Education Holding or on their ability to perform their obligations under the Agreement; and 

 

	h)	 Their execution of the Agreement and performance of their obligations under the Agreement do not violate the
laws, regulations or rules currently in force and applicable to them, nor violate any court’s judgment, or any arbitral agency’s award, or any administrative authority’s decision, approval, license or any other agreement to which they
are parties or which is binding upon the equity held by them in the subordinate enterprises or organizations or the sponsor’s interests or other assets, nor result in suspension, revocation, confiscation or failure of renewal of any government
authority’s approval or license applicable to them. 

  
 10 

 V. Representations and Warranties of the Domestic Affiliates 

The Domestic Affiliates severally and jointly represent and warrant to WFOE as follows: 

 

	a)	 Each Domestic Affiliate is a limited liability company and/or private
non-enterprise organization duly registered and validly existing in accordance with the PRC laws. It has independent legal personality; it has full and independent legal status and legal capacity to execute,
deliver and perform the Agreement, and can independent be a subject of litigation; 

  

	b)	 All reports, documents, and information provided, before and after the entry into force of the Agreement, by
the Domestic Affiliates to WFOE regarding equity and all matters required by the Agreement are true, accurate and complete, free from any falsehood, omission or being seriously misleading; 

 

	c)	 The debt situation disclosed to WFOE by the Domestic Affiliates is true, complete and accurate;

  

	d)	 The Agreement, after being executed by the Domestic Affiliates, constitutes a legal, valid and binding
obligation of them; 

  

	e)	 They have the full rights, powers and authorities in the Domestic Affiliates to execute and deliver the
Agreement and all other documents related to the transaction described in the Agreement and to be executed, and they have full rights, powers and authorities to complete the transactions described in the Agreement; 

 

	f)	 Except as disclosed to WFOE, there aren’t any pending or, to the knowledge of the Domestic Affiliates,
threatening lawsuits, legal proceedings or claims in any courts, arbitral tribunals, government authorities or administrative authorities against the Domestic Affiliates or their assets, which may have an adverse effect on the financial position of
the Domestic Affiliates or on their ability to perform their obligations under the Agreement; 

  

	g)	 Their execution of the Agreement and performance of their obligations under the Agreement do not violate the
laws, regulations or rules currently in force and applicable to them, nor violate any court’s judgment, or any arbitral agency’s award, or any administrative authority’s decision, approval, license or any other agreement to which they
are parties or which is binding upon the assets held by them, nor result in suspension, revocation, confiscation or failure of renewal of any government authority’s approval or license applicable to them; and 

  
 11 

	h)	 There are no other encumbrances or right restrictions on the assets and other rights held by the Domestic
Affiliates (except those that occur in the ordinary course of business). 

 VI. Representations and Warranties of WFOE 

WFOE represents and warrants to the shareholders of Long-Spring Education Holding and the Domestic Affiliates as follows: 

 

	a)	 WFOE is a wholly foreign-owned enterprise duly registered and validly existing in accordance with the PRC laws.
It has independent legal personality; it has full and independent legal status and legal capacity to execute, deliver and perform the Agreement, and can independent be a subject of litigation; 

 

	b)	 The Agreement, after being executed by WFOE, constitutes a legal, valid and binding obligation of it;

  

	c)	 WFOE has full rights, powers and authorities to execute and deliver the Agreement and all other documents
related to the transaction described in the Agreement and to be executed, and it has full rights, powers and authorities to complete the transactions described in the Agreement; 

 

	d)	 There aren’t any pending or, to the knowledge of WFOE, threatening lawsuits, legal proceedings or claims
in any courts, arbitral tribunals, government authorities or administrative authorities against WFOE or its assets, which may have an adverse effect on the financial position of WFOE or on its ability to perform its obligations under the Agreement;
and 

  

	e)	 Its execution of the Agreement and performance of its obligations under the Agreement do not violate the laws,
regulations or rules currently in force and applicable to it, nor violate any court’s judgment, or any arbitral agency’s award, or any administrative authority’s decision, approval, license or any other agreement to which it is a
party or which is binding upon the assets held by it, nor result in suspension, revocation, confiscation or failure of renewal of any government authority’s approval or license applicable to it. 

VII. Liability for Damages and Remedies 
  

	1.	 Specific performance 

  
 12 

 The Parties unanimously agree that WFOE shall have the right to file relevant breaches of the shareholders
of Long-Spring Education Holding or the Domestic Affiliates to the arbitration agency for arbitration and request specific performance. The shareholders of Long-Spring Education Holding and the Domestic Affiliates acknowledge and agree that breaches
of the Agreement will cause irreparable damage to WFOE, which may not be sufficiently covered by money. 
  

	2.	 No recourse against the Domestic Affiliates 

Where some actions taken by the Domestic Affiliates due to breaches of the Agreement by the shareholders of Long-Spring Education Holding cause WFOE to
exercise any of its rights or make claims for compensation under the Agreement, the shareholders of Long-Spring Education Holding shall have no right to seek compensation from the Domestic Affiliates for the losses suffered thereby. 

VIII. Effectiveness and Term 
  

	1.	 The Agreement comes into effect as of the date of signing by the Parties hereto. 

 

	2.	 The Agreement keeps being valid within the business duration of the Domestic Affiliates and in the renewed
period permitted by the PRC laws, and shall automatically terminate after WFOE and/or another civil party designated by the Proposed Listed Company has fully exercised, in accordance with the Agreement, the option of acquiring all (direct and
indirect) equity interests from the shareholders of Long-Spring Education Holding in the Domestic Affiliates. WFOE may terminate the Agreement unilaterally by serving a thirty (30) days’ prior notice. Unless otherwise provided by law, in
no case shall the shareholders of Long-Spring Education Holding or the Domestic Affiliates have the right to unilaterally terminate or rescind the Agreement. 

  

	3.	 For the avoidance of doubt, in accordance with the Agreement, if the laws and regulations of the PRC allow WFOE
and/or another foreign-owned or offshore entity designated by the Proposed Listed Company to directly hold part or all of the equity interests of the Domestic Affiliates and/or the Sponsors’ interests, and to engage in restricted/prohibited
business such as private education through the Domestic Affiliates, then WFOE shall issue an equity purchase notice as soon as practicable, and a minimum limit for the purchaser of the equity interests to acquire the (direct and indirect) equity
interests from the shareholders of Long-Spring Education Holding shall not be less than an upper threshold permitted by the laws and regulations of the PRC for WFOE and/or another foreign-owned or offshore entity designated by the Proposed Listed
Company to acquire the equity interests of the Domestic Affiliates. The Agreement shall automatically terminate after the purchaser of the entity interests has fully exercised, in accordance with the Agreement, the option of acquiring all (direct
and indirect) equity interests from the shareholders of Long-Spring Education Holding in the Domestic Affiliates. 

  
 13 

 IX. Confidentiality 
  

	1.	 The Parties hereby acknowledge and determine that any oral or written information exchanged between them in
connection with the Agreement is confidential. Each Party shall keep all such information confidential, and shall not disclose any relevant information to any third party without the written consent of the other Parties, except:

  

	 	a)	 the public is aware of or will become aware of such information (not as a result of unauthorized disclosure to
the public by the party who receives the information); 

  

	 	b)	 the information is disclosed as required by applicable laws and regulations or the rules or regulations
governing the transactions of securities or by regulators; or 

  

	 	c)	 the information needs to be disclosed by a Party to its legal or financial adviser in connection with the
transactions hereunder, provided that such legal or financial adviser is also subject to confidentiality obligations similar with this Article. 

  

	2.	 The leakage of the information by the staff of a Party or the agency recruited by the Party shall be deemed to
be the leakage committed by the Party, and the Party shall be liable for breach of contract in accordance with the Agreement. 

  

	3.	 The Parties agree that the confidentiality provisions in this Article IX shall survive regardless of whether
the Agreement is invalid, changed, rescinded, terminated, or non-operable. 

 X. Force Majeure

  

	1.	 If the obligations of a Party under the Agreement are not fulfilled due to a force majeure event, the
liabilities under the Agreement shall be waived to the extent of impact of the force majeure event. For the purpose of the Agreement, force majeure events include only natural disasters, storms, tornadoes and other weather conditions, strikes,
factory closedown/work stoppages or other industry problems, wars, riots, conspiracies, acts of hostilities, acts of terrorism, or violence of criminal organizations, blockades, severe illness or plagues, earthquakes or other crustal movements,
floods and other natural disasters, bomb explosions or other explosions, fires, accidents, or government actions, which lead to failure of performing the Agreement. 

  
 14 

	2.	 When a force majeure event occurs, the Party affected by the force majeure event shall make every effort to
reduce and remove the impact of the force majeure event, and shall undertake the delayed and impeded obligations under the Agreement. After the force majeure event is lifted, the Parties agree to make every effort to continue to perform the
Agreement. 

  

	3.	 If there is a possible force majeure event that causes delay or impeding of the Agreement or threatens to delay
or impede the performance of the Agreement, the Party concerned shall immediately notify the other Parties in writing and provide all relevant information. 

XI. Changes of Circumstances 
  

	1.	 As a supplement and without contravention with other provisions of the Series of Cooperation agreements, if at
any time, due to the promulgation or amendment of any laws, regulations or rules of the PRC, or due to changes of the interpretation or applicability of such laws, regulations or rules, or due to changes of the relevant registration procedures, WFOE
holds that keeping the validity of the Agreement and/or accepting the option to purchase the interests of the Domestic Affiliates granted by the shareholders of Long-Spring Education Holding in the manner specified in the Agreement becomes illegal
or contrary to such laws, regulations or rules, the shareholders of Long-Spring Education Holding and the Domestic Affiliates shall, as instructed by WFOE in writing and at the reasonable request of WFOE, take any action and/or sign any agreement or
other document immediately to: 

  

	 	a)	 keep the Agreement valid; 

 

	 	b)	 exercise the option to purchase the interests of the Domestic Affiliates in the manner specified in the
Agreement; and/or 

  

	 	c)	 achieve the intent and purposes of the Agreement in the manner specified in the Agreement or in other manners.

  
 15 

 XII. Miscellaneous 
  

	1.	 The shareholders of Long-Spring Education Holding and the Domestic Affiliates agree that, by notifying the
shareholders of Long-Spring Education Holding and the Domestic Affiliates in writing, WFOE may transfer its rights and obligations under the Agreement to a party designated by WFOE; but neither the shareholders of Long-Spring Education Holding nor
the Domestic Affiliates has the right to transfer its rights, obligations or responsibilities under the Agreement to any third party without a prior written consent of WFOE. The successors or authorized assignees (if any) of the shareholders of
Long-Spring Education Holding and the Domestic Affiliates shall continue to perform all the obligations of the shareholders of Long-Spring Education Holding and the Domestic Affiliates under the Agreement. 

 

	2.	 At any time after the execution of the Agreement, in the case of the promulgation or amendment of any PRC law,
regulations or rules, or in the case of changes in the interpretation or application of such laws, regulations or rules, the following provisions shall apply: 

a) Where the above changes or new regulations are more favorable to any Party than the applicable laws, regulations, ordinances or rules in
force on the date of execution of the Agreement (and the other Parties are not seriously affected thereby), under the coordination of WFOE, the Parties shall change the Series of Cooperation Agreements in a timely manner to obtain the benefits
brought by such changes or new regulations; or the Parties should apply in a timely manner to obtain the benefits brought by such changes or new regulations, and the Parties should make the best efforts to make the application approved; and 

b) Where any Party’s economic interests under the Agreement are directly or indirectly severely and adversely affected due to the above
changes or new regulations, the Agreement shall continue to be implemented in accordance with the original terms. Each Party shall use all legal means to obtain an exemption from compliance with the changes or new regulations. Where the adverse
effect on the economic interests of any Party cannot be resolved in accordance with the provisions of the Agreement, after the affected Party notifies the other Parties, under the coordination by WFOE, the Parties shall promptly negotiate and make
all necessary modifications to the Series of Cooperation Agreements to maintain the affected Party’s economic interests under the Agreement. 
  

	3.	 The conclusion, validity, interpretation, performance, modification, and termination of the Agreement and the
settlement of disputes under the Agreement shall be governed by the PRC laws. 

  

	4.	 Any dispute, controversy or claim arising out of or related to the Agreement or the performance,
interpretation, breach, termination or validity of the Agreement shall be resolved upon friendly negotiation. The negotiation shall begin as soon as a disputing party serves a written consultation request on the other party in dispute, where the
consultation request states the dispute or claim in detail. 

  
 16 

	5.	 If the dispute cannot be resolved within thirty (30) days after the above notice is served, either party
has the right to submit the dispute to arbitration. The Parties agree that the dispute shall be submitted to the China International Economic and Trade Arbitration Commission (CIETAC) in Beijing, and the CIETAC shall make an arbitral award in
accordance with the then-effective arbitration rules of the CIETAC. The arbitral award is final and binding on the Parties. The arbitration commission has the right to rule that, with respect to the equity interests or the sponsors’ interests,
property interests or other assets of the Domestic Affiliates, WFOE shall be compensated for the losses caused to WFOE due to the breaching behaviors of the other Parties hereto, or to issue corresponding injunctions (for the purpose of business
operation or forced transfer of assets), or to rule that the Domestic Affiliates shall be dissolved and liquidated. After the arbitral award comes into effect, either Party has the right to apply to a court of competent jurisdiction to enforce the
arbitral award. 

  

	6.	 At the request of a party in dispute, before the arbitral tribunal is formed according to law or under
appropriate circumstances, the court of competent jurisdiction has the right to grant an interim relief to support the process of the arbitration, for example, by seizing or freezing the equity or sponsors’ interests, property interests, or
other assets of the breaching party according to a judgment or a ruling. For the above purposes, the courts of competent jurisdiction include Hong Kong courts, Cayman Islands courts, the courts where the main assets of the Proposed Listed Company
are located, and the courts where the main assets of the Domestic Affiliates are located, in addition to the PRC courts. 

  

	7.	 During the arbitration, except the matters in dispute submitted to arbitration, the Parties to the Agreement
shall continue to perform their other obligations under the Agreement. 

  

	8.	 Any rights, powers and remedies conferred on each Party by any provision of the Agreement shall not exclude any
other rights, powers or remedies that the Party enjoys in accordance with the provisions of laws and other provisions under the Agreement, and the exercise by a Party of rights, powers and remedies shall not preclude the Party from exercising its
other rights, powers and remedies. 

  

	9.	 The Agreement is valid and binding upon the Parties and their respective heirs, successors and assigns.

  

	10.	 A Party’s failure to exercise or delay in exercising any of its rights, powers or remedies under the
Agreement or laws shall not result in a waiver of such rights; and a single or partial waiver of any rights by a Party shall not preclude the Party from exercising such rights in other ways or from exercising other rights of the Party.

  
 17 

	11.	 The headings of the sections in the Agreement are for reference only, and in no case shall the headings be used
to interpret or affect the interpretation of the provisions of the Agreement. 

  

	12.	 Each provision of the Agreement is severable and independent of other provisions. If at any time any one or
more provisions of the Agreement become invalid, illegal or unenforceable, the validity, legality and enforceability of other provisions of the Agreement shall not be thereby affected. 

 

	13.	 Amendments to the Agreement 

 

	 	a)	 Subject to a consensus reached between the Parties hereto and approval of the shareholders (meetings) of WFOE,
the Parties to the Agreement may modify or supplement the Agreement and take all necessary steps and actions to make such modifications or supplements legal and effective at their own expenses. 

 

	 	b)	 If the Stock Exchange of Hong Kong Limited (“SEHK”) or other regulators propose any
modifications to the Agreement, or any changes related to the Agreement have occurred to the listing rules or related requirements of the SEHK, the Parties shall revise the Agreement accordingly. 

 

	14.	 The Agreement is written in Chinese and executed in multiple original counterparts having the same legal
effect. 

 (There is no text below) 

  
 18 

 (This page is signature page (i) of the Agreement, and contains no text) 

 

			
	 Yunnan Century Long-Spring Technology Co., Ltd.

/s/ (Seal) Yunnan Century Long-Spring Technology Co., Ltd. Affixed-

By: /s/ Zhang Shaowei
	  	 Long-Spring Education Holding Group Limited

/s/ (Seal) Long-Spring Education Holding Group Limited Affixed

By: /s/ Zhang Shaowei

		
	 Yunnan Zhongchuang Education Tutorial School

/s/ (Seal) Yunnan Zhongchuang Education Tutorial School Affixed

By: /s/ Liu Kai
	  	 Beijing Hengyue Education Technology Co., Ltd.

/s/ (Seal) Beijing Hengyue Education Technology Co., Ltd. Affixed

By: /s/ Su Kang

		
	 Ordos Hengyue Education Technology Co., Ltd.

/s/ (Seal) Ordos Hengyue Education Technology Co., Ltd. Affixed

By: /s/ Su Kang
	  	 Ordos Hengshui Experimental High School

/s/ (Seal) Ordos Hengshui Experimental High School Affixed
 By:
/s/ Su Kang

		
	 Resort District Hengshui Experimental Secondary School

/s/ (Seal) Resort District Hengshui Experimental Secondary School Affixed

By: /s/ Zhang Shaowei
	  	 Yunnan Hengshui Chenggong Experimental Secondary School

/s/ (Seal) Yunnan Hengshui Chenggong Experimental Secondary School Affixed

By: /s/ Zhang Shaowei

		
	 Yunnan Hengshui Experimental Secondary School—Xishan School

/s/ (Seal) Yunnan Hengshui Experimental Secondary School—Xishan School Affixed

By: /s/ Zhang Shaowei
	  	 Yunnan Hengshui Yiliang Experimental Secondary School

/s/ (Seal) Yunnan Hengshui Yiliang Experimental Secondary School Affixed

By: /s/ Zhang Shaowei

		
	 Yunnan Long-Spring Foreign Language Secondary School

/s/ (Seal) Yunnan Long-Spring Foreign Language Secondary School Affixed

By: /s/ Zhang Shaowei
	  	 Qujing Hengshui Experimental Secondary School

/s/ (Seal) Qujing Hengshui Experimental Secondary School Affixed

By: /s/ Zhang Shaowei

		
	 Yunnan Yuxi Hengshui Experimental High School

/s/ (Seal) Yunnan Yuxi Hengshui Experimental High School Affixed

By: /s/ Zhang Shaowei
	  	

  
 19 

 (This page is signature page (ii) of the Agreement, and contains no text) 

 

			
	 Zhang Shaowei
 By: /s/ Zhang
Shaowei
	  	 Wu Yu
 By: /s/ Wu Yu

		
	 Kunming Qiuzhen Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Qiuzhen Enterprise Management Partnership (LLP) Affixed

By: /s/ Zhang Shaowei
	  	 Kunming Ziyue Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Ziyue Enterprise Management Partnership (LLP) Affixed

By: /s/ Zhu Lidong

		
	 Kunming Shuyu Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Shuyu Enterprise Management Partnership (LLP) Affixed

By: /s/ Zhang Shaowei
	  	 Kunming Mingde Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Mingde Enterprise Management Partnership (LLP) Affixed

By: /s/ Zhang Shaowei

		
	 Kunming Mingzhi Enterprise Management Partnership (LLP)

/s/ (Seal) Kunming Mingzhi Enterprise Management Partnership (LLP) Affixed

By: /s/ Wu Minglin
	  	

  
 20 

 Appendix I: List of the Shareholders of Long-Spring Education Holding 

 

	 	1.	 Zhang Shaowei 

  

	 	2.	 Wu Yu 

  

	 	3.	 Kunming Qiuzhen Enterprise Management Partnership (LLP) 

 

	 	4.	 Kunming Ziyue Enterprise Management Partnership (LLP) 

 

	 	5.	 Kunming Shuyu Enterprise Management Partnership (LLP) 

 

	 	6.	 Kunming Mingde Enterprise Management Partnership (LLP) 

 

	 	7.	 Kunming Mingzhi Enterprise Management Partnership (LLP) 

  
 21 

 Appendix II: Domestic Affiliates 

 

	 	1.	 Long-Spring Education Holding Group Limited 

 

	 	2.	 Beijing Hengyue Education Technology Co., Ltd. 

 

	 	3.	 Ordos Hengyue Education Technology Co., Ltd. 

 

	 	4.	 Resort District Hengshui Experimental Secondary School 

 

	 	5.	 Yunnan Hengshui Chenggong Experimental Secondary School 

 

	 	6.	 Yunnan Hengshui Experimental Secondary School—Xishan School 

 

	 	7.	 Yunnan Hengshui Yiliang Experimental Secondary School 

 

	 	8.	 Yunnan Long-Spring Foreign Language Secondary School 

 

	 	9.	 Qujing Hengshui Experimental Secondary School 

 

	 	10.	 Yunnan Yuxi Hengshui Experimental High School 

 

	 	11.	 Ordos Hengshui Experimental High School 

 

	 	12.	 Yunnan Zhongchuang Education Tutorial School 

  
 22 

 Schedule of Material Differences 

One or more domestic affiliates signed Exclusive Call Option Agreement using this form. Pursuant to Instruction ii to Item 601
of Regulation S-K, the Registrant may only file this form as an exhibit with a schedule setting forth the material details in which the executed agreements differ from this form: 

 

									
	 No.
	  	 Domestic Affiliate 
	  	 Unified Credit Code
	  	 Signing Date
	  	 Material Differences in terms

	 1
	  	Yunnan Century Long-Spring Technology Co., Ltd.	  	91530100MA6K83075A	  	January 12, 2021	  	 XII.Miscellaneous
  

6. At the request of a party in dispute, before the arbitral tribunal is formed according to law or under appropriate circumstances, the court of competent
jurisdiction has the right to grant an interim relief to support the process of the arbitration, for example, by seizing or freezing the equity or sponsors’ interests, property interests, or other assets of the breaching party according to a
judgment or a ruling. 

	  
 2
	  	  
 Long-Spring Education Holding Group Limited
	  	  
 91530121582368402N
	  	  
 January 12, 2021

	  
 3
	  	  
 Kunming Guandu Hengshizhong Education Training School Co.,
Ltd.
	  	  
 91530111MA6NK6QMXU
	  	  
 January 12, 2021

	  
 4
	  	  
 Xinping Hengshi High School Co., Ltd.
	  	  
 91530427MA6NYJBX6L
	  	  
 January 12, 2021

	  
 5
	  	  
 Xinping Hengshui Experimental Middle School
	  	  
 52530427MJ00482493
	  	  
 January 12, 2021

	  
 6
	  	  
 Shanxi Long-Spring Enterprise Management Co., Ltd.
	  	  
 91140200MA0KKN7CX9
	  	  
 January 12, 2021
	  	  
 13.

b) If relevant regulators propose any modifications to the Agreement, or any changes related to the Agreement have occurred to related laws or listing rules,
the Parties shall revise the Agreement accordingly.

	  
 7
	  	  
 Datong Hengshi Gaokao Tutorial School
	  	  
 52140214MJY4314186
	  	  
 January 12, 2021

	  
 8
	  	  
 Xishuangbanna Hengshi High School Co., Ltd.
	  	  
 91532800MA6PNKHQ17
	  	  
 January 12, 2021

	  
 9
	  	  
 Yunnan Hengshui Qiubei Experimental High School
	  	  
 52532626MJT34266XU
	  	  
 January 12, 2021
	  	
	  
 10
	  	  
 Yunnan Hengshui Wenshan Experimental High School
	  	  
 52532601MJT3434278
	  	  
 January 12, 2021
	  	
	  
 11
	  	  
 Mengla Hengshui Experimental High School
	  	  
 52532823MJT3467679
	  	  
 January 12, 2021
	  	
	  
 12
	  	  
 Yunnan Bainian Long-Spring Technology Co., Ltd.
	  	  
 91530111MA6PGFBRXJ
	  	  
 January 12, 2021
	  	
	  
 13
	  	  
 Zhenxiong Bainian Long-Spring Technology Co., Ltd.
	  	  
 91530627MA6PMDQ794
	  	  
 January 12, 2021
	  	
	  
 14
	  	  
 Guizhou Hengshizhong Technology Co., Ltd.
	  	  
 91520900MAAJR4F57R
	  	  
 January 12, 2021
	  	
	  
 15
	  	  
 Guizhou Long-Spring Century Technology Co., Ltd.
	  	  
 91520900MAAJQ4M05Q
	  	  
 January 12, 2021
	  	

  
 23

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