Wah Fu Education Group Ltd. is a British Virgin Islands holding company and currently conducts substantially all of our business operations in the PRC through our wholly foreign owned entities (“WFOEs”) incorporated in the PRC and certain business operations through the PRC consolidated variable interest entity (“VIE”) as a subsidiary of our WFOE. Due to PRC legal restrictions on foreign ownership and investment in the value-added telecommunications market, we rely on a series of contractual arrangements among VIE and its shareholders to operate our online and mobile platforms in China. These contractual arrangements entered into with the VIE allow us to (i) exercise effective control over the VIE, (ii) receive substantially all of the economic benefits of the VIE, and (iii) have an exclusive option to purchase all or part of the equity interests in the VIE when and to the extent permitted by PRC law. These contractual arrangements include exclusive business cooperation agreement, exclusive option agreement, equity interest pledge agreement, power of attorney, as the case may be. As a result of these contractual arrangements, we exert effective control over, and are considered the primary beneficiary of, the VIE and consolidate its operating results in our financial statements under U.S. GAAP. As used in this annual report, , unless otherwise indicated, “we,” “us,” “our,” the “Company” and “Wah Fu” refer to Wah Fu Education Group Limited, a company organized in the British Virgin Islands; “we,” “us,” “our,” “our company,” the “Company” or similar terms refer to Wah Fu Education Group Limited and/or its consolidated subsidiaries, other than the variable interest entity, Beijing HuaXiaDadi Digital Information Technology Co. (“Beijing Digital Information”), a PRC company, and its subsidiaries, , unless the context otherwise indicates; and “VIE” refers respectively to the variable interest entity and its subsidiaries, Huafu Wanrun (Guangzhou) Education Technology, Sichuan Huafu Gengyun Education Technology Co., Ltd., Hunan Huafu Haihui Learing Technology Co., Ltd., and Liaoning Huafu Zhongtai Learing Technology Co., Ltd.
Company profile
Ticker
WAFU
Exchange
Website
CEO
Xing Hui Yang
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
WAFU stock data
Latest filings (excl ownership)
6-K
Wah Fu Education Group Ltd. Announces Unaudited Financial Results for the First Half of Fiscal Year 2024
1 Apr 24
20-F
2023 FY
Annual report (foreign)
31 Jul 23
UPLOAD
Letter from SEC
16 Jun 23
20-F/A
2022 FY
Annual report (foreign) (amended)
1 May 23
6-K
Report of Foreign Private Issuer
1 May 23
CORRESP
Correspondence with SEC
1 May 23
UPLOAD
Letter from SEC
18 Apr 23
6-K
Wah Fu Education Group Ltd. Announces Financial Results for the First Half of Fiscal Year 2023
30 Mar 23
20-F/A
2022 FY
Annual report (foreign) (amended)
23 Mar 23
CORRESP
Correspondence with SEC
23 Mar 23
Latest ownership filings
No filings
Financial summary
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Institutional ownership, Q1 2023
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 2 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
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Total value | 1.13 mm |
Total shares | 596.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
UBS UBS Group AG - Registered Shares | 576.00 | $1.09 mm |
Hollencrest Capital Management | 20.00 | $38.00 k |
Proequities | 0.00 | $0.00 |