According to public reports, Wenzhou Education Investment Group Co., Ltd. was restructured in June 20 19, and the group was restructured into Wenzhou Education Industry Investment Co., Ltd., that is, Wenzhou Education Investment Group was merged into Wenzhou Education Industry Investment Co., Ltd.

Wenzhou Education Industry Investment Co., Ltd. was established by Wenzhou Education Bureau, Wenzhou State-owned Assets Supervision and Administration Commission, Wenzhou Finance Bureau and other units, mainly engaged in the capital operation of the education industry, aiming at promoting the development of the education industry and optimizing the educational resources in Wenzhou.