LANGUAGE↓
Company Introduction
Core Value
Contact Us
News & Policies
Downloads
News & Policies
After-school Tutoring License
According to the information obtained by LatePost from several education companies with the largest market share, the license should refer to a non-profit school license. At present, many organizations, including Yuanfudao, Homework Help, Good Future, and Gaotu, are applying for the license from the regulatory authorities. The deadline is before December 31 this year.
However, obtaining the license does not mean that the training business at the compulsory education stage can be the same as before. They still need to meet the requirements of not conducting discipline training on weekends and holidays, not allowing profit, and not allowing the discipline training business to be listed.
As for listed companies such as Good Future and New Oriental, there are also opportunities to obtain this license. However, they must divest the compulsory education stage subject training business at first and establish a non-profit company. The new company also needs to meet the regulatory requirements of capital supervision and class time restrictions before it can obtain a non-profit teaching license. After divesting the subject training business at the compulsory education stage, listed companies may also need to consider how to negotiate compensation for asset impairment with small and medium shareholders.
From Latepost