SHARE PURCHASE AGREEMENTShare Purchase Agreement • February 6th, 2018 • ATA Inc. • Services-educational services • Hong Kong
WHEREAS, the Seller owns all of the issued and outstanding Equity Interests (defined below) of Xing Wei, which in turn owns all of the issued and outstanding Equity Interests of 众效致行教育科技（北京）有限公司 (Zhongxiao Zhixing Education Technology (Beijing) Limited), a limited liability company incorporated under the Laws of the PRC and a wholly-owned subsidiary of Xing Wei (“Zhongxiao”), which in turn owns ten percent (10%) of the issued and outstanding Equity Interests of 全美在线（北京）教育科技股份有限公司 (ATA Online (Beijing) Education Technology Co., Ltd.), a company limited by shares incorporated under the Laws of the PRC (“ATA Online”, collectively with ATA Learning (where applicable) and Zhongxiao, the “Acquired Companies” and each, an “Acquired Company”);
ATA Inc. Agrees To Sell Its Wholly Owned Subsidiary ATA Online (Beijing) Education Technology Co., Ltd. To The Buyer Group — Detailed Transaction SummaryATA Inc. • February 6th, 2018 • Services-educational services
On February 6, 2018, ATA Inc. (“ATA” or the “Company”) entered into a share purchase agreement (the “Share Purchase Agreement”) with Delta Horizon Limited (“CDH Entity 1”) and Alpha Metric Horizon Limited (“CDH Entity 2”, together with CDH Entity 1, collectively, the “CDH Entities”), each an entity affiliated with funds managed by CDH Investments, a major Chinese alternative asset management firm based in Beijing; New Beauty Holdings Limited ( “New Beauty Holdings”), a company controlled by Mr. Kevin Xiaofeng Ma, ATA’s Chairman and Chief Executive Officer; and four entities owned and controlled by certain management members (the “Management Entities”, together with the CDH Entities and New Beauty Holdings, collectively, the “Buyer Group”) of ATA Online (Beijing) Education Technology Co., Ltd. (“ATA Online”), a wholly owned subsidiary of the Company incorporated under the laws of the People’s Republic of China (the “PRC” or “China”).
