On 3 July 2026, China Beststudy Education Group (“BESTSTUDY EDU” or “the Company”) approved the grant of 1.97 million restricted share units (RSUs) to four Group employees under its RSU Scheme adopted in December 2018. The initiative is designed to attract and retain top-tier artificial-intelligence talent and aligns equity incentives with future technology development goals.

The 1,965,000 RSUs represent about 0.23% of the Company’s issued share capital. All shares required for settlement will be purchased by the scheme’s trustee in the open market at HK$2.97 per share, avoiding any dilution to existing shareholders.

The grant was struck against a closing market price of HK$3.17 on the announcement date, implying a 6.31% discount. Vesting is performance-linked and staged as follows:

• Two grantees will receive 365,000 RSUs, vesting 50% in May 2027 and 50% in May 2028. • Two additional grantees will receive 1.60 million RSUs, vesting 50% in November 2026 and 50% in November 2027.

Vesting is conditional on company-wide performance metrics and individual annual appraisals. Unmet conditions or specified breach events will trigger the scheme’s claw-back, causing unvested RSUs to lapse automatically.

As of the announcement date, the trustee holds 125.72 million shares for scheme purposes, with 32.72 million already vested and awaiting transfer. The current grant will be fully satisfied by transferring 1.97 million shares from this pool.

No financial assistance has been provided to the grantees. The recipients are not directors, chief executives, substantial shareholders, related entities, or service providers, and the awards remain within the individual limit set by HKEX Listing Rule 17.03D.

BESTSTUDY EDU has appointed Ms. Shaoping Fu as trustee and Soarise Bulex Limited as nominee to oversee administration and share transfers linked to the RSU Scheme.