Legal basis: Education Law of the People's Republic of China
Article 26 The State formulates educational development plans and establishes schools and other educational institutions.
The State encourages enterprises, institutions, social organizations, other social organizations and individual citizens to establish schools and other educational institutions according to law.
Schools and other educational institutions established by the state shall adhere to the principle of thrift.
Schools and other educational institutions organized or participated in by financial funds or donated assets shall not be established as profit-making organizations.
Article 27 The establishment of schools and other educational institutions must meet the following basic conditions:
(1) Having an organizational structure and articles of association;
(2) Having qualified teachers;
(3) Having teaching places, facilities and equipment that meet the prescribed standards;
(four) there are necessary funds for running schools and stable sources of funds.
Article 28 The establishment, alteration and termination of schools and other educational institutions shall go through the formalities of examination and approval, registration or filing in accordance with the relevant provisions of the state.
What about Shenzhen New Key Education Development Co., Ltd.?
Shenzhen New Key Education Development Co., Ltd. is a limited liability company