Tianli International Holdings (01773) has announced the completion of an internal restructuring involving the transfer of a wholly-owned subsidiary. On September 15, 2026, Qiming Daren (Zhuhai Hengqin) Education Technology Co., Ltd. (Qiming Zhuhai) entered into an equity transfer agreement with Shenzhen Qiming Daren Technology Co., Ltd. (Shenzhen Qiming), under which Qiming Zhuhai agreed to transfer 100% of the equity in Sichuan Qiming Daren Technology Co., Ltd. (Sichuan Qiming) to Shenzhen Qiming. The equity transfer agreement took effect upon formal execution by both parties on September 15, 2026, which also served as the closing date for the transfer of 100% of Sichuan Qiming's equity. Consequently, the internal restructuring was completed on September 15, 2026.

Prior to the closing of the internal restructuring, Sichuan Qiming was wholly owned by Qiming Zhuhai, which in turn was wholly owned by Shenzhou Tianli Education Technology Group Co., Ltd. (Tianli Education). The Group controls Tianli Education through a series of structural contracts, thereby controlling Qiming Zhuhai and Sichuan Qiming. Shenzhen Qiming, a wholly foreign-owned enterprise, is an indirect wholly-owned subsidiary of the Company.

Following the closing, Sichuan Qiming is now wholly owned by Shenzhen Qiming and thus indirectly wholly-owned by the Company. As Sichuan Qiming was a wholly-owned subsidiary of the Company both before and after the restructuring, the Group's actual control over Sichuan Qiming remains unchanged, and its financial results will continue to be consolidated into the Group's consolidated financial statements.

Sichuan Qiming, a limited liability company established under Chinese law, primarily engages in education technology and artificial intelligence-related businesses, with business scope covering AI classrooms, AI intelligent learning, AI learning companions, and related software development and technical services.

The purpose of the internal restructuring is to achieve independent and professional management of the education technology business carried out by Sichuan Qiming, separating it from the Group's other education service businesses to clearly distinguish the strategic positioning, financial control, operational management, and resource allocation of each business line. The directors of the Company believe that the internal restructuring aligns with the Group's business development needs and serves the overall interests of the Company and its shareholders.