China New Higher Education in trust cooperation for education investment

China New Higher Education Group Limited, through its consolidated affiliated entity Yun Ai Group, has entered into a cooperation agreement with Zhongyuan Trust, effective December 24, 2025. Under the agreement, Yun Ai Group will commit up to RMB430,000,000 into Zhongyuan Trust, which will provide financial services including asset management, financial consultancy, and risk management consultancy. This transaction is classified as a discloseable transaction under Chapter 14 of the Listing Rules.

The cooperation aims to establish a trust plan with a targeted capital size of RMB700,000,000. Yun Ai Group's capital contribution, representing approximately 60% of the trust, will be funded by the group's internal financial resources. The trust's investments will primarily support operating expenditures for a new higher education institution in the Hainan Free Trade Port and enhance existing schools' educational levels, including new campus construction, facility upgrades, and strengthening teaching teams.

The group's board believes this agreement will optimize capital allocation, provide long-term funding for educational quality improvements, and facilitate high-quality development. Zhongyuan Trust, an independent third party and licensed non-bank financial institution, will serve as the trustee and manager, leveraging its advantages in fundraising to benefit the group. The cooperation agreement has a term of five years and may be terminated with 30 days' prior written notice.