Kindergartens may not be directly or indirectly listed as enterprise assets. Listed companies and their controlling shareholders may not invest in profit-making kindergartens through capital market financing, and may not purchase profit-making kindergarten assets by issuing shares or paying cash.

Legal basis:

"Regulations on Kindergarten Management" Article 6 Kindergarten management follows the principles of territorial responsibility, hierarchical management and division of responsibilities among relevant departments. The State Education Commission is responsible for the management of kindergartens throughout the country; The education administrative departments of local people's governments at all levels shall be in charge of kindergarten management within their respective administrative areas.