EX-4.20 5 d634443dex420.htm EX-4.20 EX-4.20

Exhibit 4.20

Rights and Obligations Assumption Letter

This entity, Wuhan Hongshan District Xinqiao Aijia Kindergarten, is the subsidiary established by Wuhan Qiaosheng Education Investment Co., Ltd., which is controlled by BGY Education Investment Management Co., Ltd. (“Investor”) and registered in Wuhan City at the Hongshan District branch office of the Ministry of Civil Affairs on January 11, 2012. The Investor holds 75% of the interests in this entity.

In accordance with the Exclusive Management Service and Business Cooperation Agreement (“Agreement”) entered into by and between Investor, Zhuhai Hengqin Bright Scholar Management Consulting Co., Ltd. and other relevant parties on January 25, 2017, this entity shall join the Agreement according to Article 10.1 of the Agreement as a “New Subsidiary of Party B” under the Agreement.

This entity hereby agrees to join the Agreement as a new Subsidiary of Party B of the Investor, enjoy the rights under the Agreement, and perform the obligations according to the Agreement. This Assumption Letter came into effect upon the date of execution.

Wuhan Hongshan District Xinqiao Aijia Kindergarten

(Seal) Wuhan Hongshan District Xinqiao Aijia Kindergarten Affixed

 

By:  

/s/ Li Qiao

Name:   Li Qiao
Title:   Legal Representative
Date:   October 22, 2018