Offcn education expands in southern China, major shareholder adjusts pledges

Offcn Education Technology Co., Ltd. announced on December 3, 2025, that its wholly-owned subsidiary, Zhonggong Zhiyuan (Zhuhai Hengqin) Education Technology Co., Ltd., has obtained its business license in the Hengqin Guangdong-Macao Deep Cooperation Zone. This new subsidiary, approved on November 20, 2025, with a registered capital of RMB 150 million, aims to accelerate expansion into the South China market.

Concurrently, the company also disclosed that shareholder Wang Zhendong adjusted pledged shares. On December 2, 2025, 9,000,000 shares, representing 2.41% of Wang Zhendong's total holdings and 0.15% of the company's total share capital, were released from a pledge. Immediately afterward, an equal number of shares were pledged to China CITIC Financial Asset Management Co., Ltd. Hunan Branch, serving as collateral for existing debt restructuring.

Following these transactions, Wang Zhendong's cumulative pledged shares amount to 280,400,000 shares, representing 75.13% of his total holdings and 4.55% of the company's total share capital. The company affirmed its commitment to monitoring pledge fluctuations and timely disclosure.