An unknown buyer acquired 21st Training Center from Ambow Education Holding Ltd. (OTCPK:AMBO.Y) for CNY 4.5 million on September 30, 2017. As per terms, buyer acquired 21st Training Center with consideration of CNY 1 and assumed all assets and liabilities of 21st Training Center as of September 30, 2017. In connection with the transaction, 21stTraining Center also waived the net payables with Ambow Education Holding Ltd. As of September 30, 2017, 21st Training Center had net liabilities of CNY 4.5 million. The transaction will not have major impact on Ambow Education Holding Ltd’s business. An unknown buyer completed the acquisition of 21st Training Center from Ambow Education Holding Ltd. (OTCPK:AMBO.Y) on September 30, 2017.