[ET Net News Agency, 26 September 2018] China Education Group (00839) said transfer of
equity interest and change in the board of directors and the legal representatives of
Songtian Company (the 100% co-sponsor of Songtian University and 100% sponsor of Songtian
College) have been completed and duly registered with the relevant government departments
in the PRC.
The company has been notified that the other party in the co-sponsorship dispute has
dropped all claims on Songtian Company, and has withdrawn its arbitration application from
the relevant authority. The relevant authority has duly accepted the withdrawal and the
case of arbitration is concluded. (SC)