Wah Fu Education Group Ltd

Wah Fu Education Group Limited operates as an offshore holding company, conducting its business through subsidiaries and affiliated entities in China. The company began operations in December 1999 through Beijing Distance Learning, a company formed under the laws of the People's Republic of China (PRC), initially focusing on online training for self-taught higher education examinations in Beijing. The company controls 100% of Beijing Digital Information through contractual arrangements, allowing it to derive 100% of the economic interest from this entity under U.S. GAAP. Wah Fu Education Group Limited also directly owns equity interests in several PRC entities. Key operating entities include: - **Beijing Huaxia Dadi Distance Learning Services Co., Ltd.** (wholly owned subsidiary, formed in 1999): Engages in research and development of long-distance education software and the development of long-distance education resources and information. - **Beijing HuaXia Dadi Digital Information Technology Co., Ltd.** (variable interest entity, formed in September 2000): Focuses on platform development, upgrading, maintenance, and related services. This entity also holds an ICP license for the company's website, www.edu-edu.com. - **Shanghai Xin Fu Network Technology Co., Ltd.** (wholly owned subsidiary, formed in July 2015): Formed to engage in the development of internet and computer technology, technological consulting, services, and transfer. This entity currently has no business operations.