Exhibit 4.123
Rights and Obligations Assumption Letter
This entity, Shanghai Changning Hansailinwen Education Training School, is the subsidiary established by Beijing Boteng Consulting Co., Ltd. (“Investor”) and registered in Shanghai City at Changning District Civil Affairs Bureau on March 29, 2023. Aijia Education Training (Shanghai) Co., Ltd., which is the subsidiary of the Investor, holds 100% of the interests in this entity.
In accordance with the Exclusive Management Service and Business Cooperation Agreement (“Agreement”) entered into by and between Investor, BGY Education Investment Management Co., Ltd., Zhuhai Hengqin Bright Scholar Management Consulting Co., Ltd. and other relevant parties on January 25, 2017 and the supplemental agreement entered into on August 13, 2021, this entity shall join the Agreement according to Article 10.3 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.
Shanghai Changning Hansailinwen Education Training School. (Seal) Seal of Shanghai Changning Hansailinwen Education Training School. Affixed
Date: | March 29, 2023 |