DASHAN EDU (09986) announced that on August 28, 2025, the company (as purchaser) entered into a sale and purchase agreement with the vendors, under which the company conditionally agreed to purchase, and the vendors conditionally agreed to sell, an aggregate 52% equity interest in the target company Spark Media International Limited for a total consideration of HK$104 million. The consideration will be satisfied by the allotment and issuance of consideration shares to the vendors (and/or their nominees) at completion at the issue price.

The Group intends to expand its business of providing diversified consulting services to entities, including brand operation and management, as well as other consulting services. Therefore, the Group is committed to enhancing its brand operation and management capabilities, such as improving brand value and influence through brand empowerment, and promoting and marketing brands and products.

In the first half of 2025, the Group has expanded its portfolio of brands under operation and management to cover two new beauty and health product brands. Meanwhile, the Group is actively exploring opportunities to acquire enterprises engaged in brand operation and management or related businesses.

The target group primarily conducts its business through its subsidiaries in China. Considering that the target group is engaged in brand empowerment, promotion and operation in the beauty and health sector in China, and possesses rich operational experience and business resources, the directors believe that the acquisition will expand and enhance the Group's capabilities in brand operation and management.

The acquisition will leverage the respective strengths of the Group and the target group, achieving complementary advantages and business synergies, expanding the Group's influence in the brand operation and management field, and contributing to the growth and success of the Group's business.