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SHANGHAI, Dec. 21, 2020 /PRNewswire/ OneSmart International Education Group Limited (NYSE: ONE) ( OneSmart or the Company ), the leading premium K-12 after-school education services provider in China, today announced that it has entered into certain agreements to establish a sizable and stronger small-class business by merging a number of small-class K-12 after-school education businesses that OneSmart has invested in for a few years, (the Restructuring Transaction ). The resulting entity will be led by its current seasoned management team and governed by a separate board of directors, and is expected to pursue plans to go public independently. The small-class businesses subject to the Restructuring Transaction include Beijing Tus-Juren Education Technology Co., Ltd. ( Tus-Juren ), a leading K-12 after-school education company in China, and Tianjin Huaying Education Co., Ltd. ( Tianjin Huaying ), one of the largest K-12 after-school educat