Franklin Covey Agrees To Sell Its Direct Operations In China To Shanghai Hanquan Trading; Financial Terms Not Disclosed

Franklin Covey Co. (NYSE: FC), a global leadership and organizational performance partner that gives strategy the human edge, announced today that it has signed a definitive agreement to divest its direct operations in China. The business will be acquired by Shanghai Hanquan Trading Co., Ltd., a company led by Yvonne Feng, who has led FranklinCovey’s business in China for approximately ten years. Following closing, the business will operate as a locally owned licensee partner of FranklinCovey. The transaction is expected to close by the end of the second quarter of fiscal 2027, subject to customary closing conditions, including the completion of local regulatory registrations and a reduction of the registered capital of the China entities. The transaction is not expected to have a material impact on FranklinCovey’s overall profitability.