Huali University Group reports revenue surge, announces leadership changes

Huali University Group announced its annual results for the year ended August 31, 2025, reporting revenue of RMB1,445,442, up 14.0% year-on-year. This growth was primarily due to increased student enrollment and average tuition fees. Profit for the year grew by 1.6% to RMB458,293, while adjusted net profit increased by 3.5% to RMB459,323. Student enrollment reached 55,667, a 3.0% increase from 2024. The group maintained three schools, with Huali College seeing 25,291 students and Huali Vocational College 25,023.

In a separate announcement, the board announced leadership changes effective November 24, 2025. Mr. Cheung Kai Cheong Willie resigned as company secretary, authorized representative, and process agent. Mr. Lin Zhixiang and Ms. Ma Wing Yee were appointed as joint company secretaries, with Ms. Ma also taking on the roles of authorized representative and process agent.

The Stock Exchange granted a waiver from strict compliance with Listing Rules 3.28 and 8.17 for Mr. Lin until November 23, 2028. This waiver was conditional on him being assisted by Ms. Ma. This arrangement allows Mr. Lin, a vice president with extensive corporate administrative experience in the PRC, to serve while Ms. Ma, based in Hong Kong, ensures compliance.