Hope Education Group to sell Target Company for RMB370m

Hope Education Group announced a discloseable transaction involving the disposal of its Target Company to Hainan Aifusheng Technology for a total valuation of RMB370 million. The agreement, dated June 12, 2025, will see the transfer of 100% equity interests in the Target Company, which is held as to 100% by the Group. The transaction consists of RMB123.50 million Transfer Consideration, plus repayment of the Shareholder’s Debt and other debts provisionally set at RMB244.90 million and RMB1.60 million, respectively. The transaction is subject to customary conditions precedent, including the completion of payments. Completion of the Disposal will result in a gain of approximately RMB163 million. Hope Education intends to use the net proceeds to improve its existing schools and satisfy basic operating condition needs.