Lixiang Education Holding Co., Ltd. announced that it has entered into a share subscription agreement with individual investors Xiaoxiong Li, Haibin Gong, Yiqiang Dong, Huafeng Hong, Kin Mang Kung, Shulin Gong, Kim Tuk Yeung, Qunzhu Dong, Jinglong Hong and Canghai Hong to issue 50,000,000 shares at an issue price of $0.12 per share for the gross proceeds $6,000,000 on August 25, 2023.