LEADER EDU (01449) announced that on January 19, 2026, the buyer, Heilongjiang Huizhi Jinhe Software Engineering Co., Ltd., entered into an equity transfer agreement with Harbin Xiangge, the seller and a consolidated affiliated entity of the company. Under the agreement, the buyer will acquire a 100% equity stake in Tianjin Quanren Company from Harbin Xiangge for a total consideration of RMB 8 million. Following the completion of the equity transfer, Tianjin Quanren Company will cease to be a subsidiary of the group. The financial performance, assets, and liabilities of the Quanren Group will no longer be consolidated into the group's financial statements. Tianjin Quanren Company is a limited liability company established under Chinese law on August 2, 2023, and was wholly owned by Harbin Xiangge prior to the disposal. The company is primarily engaged in providing educational management and services and holds a 100% equity interest in Tianjin Quanren School, which offers higher education services. The group continually assesses its existing business strategies to enhance overall performance. Despite ongoing efforts to improve operations, the Quanren Group business recorded a net loss for the year ended August 31, 2025, with financial performance falling below the board's expectations. Consequently, the board considers the disposal to be an appropriate course of action. The transaction will strengthen the group's cash flow, improve its liquidity, and enable the reallocation of resources for future development.