CH GENERAL EDU (02175) announced on November 6, 2025, that the company (as the buyer), sellers (Han Xue, Su Xing, Li Xiaotian, Beijing Beige), the target company (Guangzhou Tongmeng Art Education Consulting Co., Ltd.), Nansha Beige, Guangzhou Tongmeng, Beijing Wener, and Beige Property entered into a share purchase agreement. Under the agreement, the core sellers conditionally agreed to sell, and the company conditionally agreed to acquire the sale shares (equivalent to 100% equity in the target company) for a specified consideration. Upon completion, the buyer will hold 100% equity in the target company, making it a wholly-owned subsidiary. The financial performance of the target company and its subsidiaries will be consolidated into the group's financial statements.

The target company is a limited liability company established in China with a registered capital of RMB 1 million. Its primary business involves providing art examination training services. As of the announcement date, Li Xiaotian holds a 70.74% stake in the target company, while Su Xing owns the remaining 29.26%.

The group is primarily engaged in providing educational services. After years of operating private higher education in Shanxi Province, China, the group has been exploring opportunities to expand its business scope by venturing into other education-related activities. The target company specializes in art examination training services, a niche market with strong customer willingness to pay and rapidly growing demand for training services. This acquisition will enable the group to tap into a new revenue stream while reducing its reliance on a single business segment.

By seizing the growth opportunities in this high-potential market, the group will benefit from synergies between its existing operations and the target company’s business, such as shared teaching resources and leveraging practical experience from both entities to enhance teaching quality. Additionally, the acquisition will expand the group’s brand coverage and increase its social recognition.

Entering the art examination training niche market, combined with its higher education offerings, will strengthen the group’s overall brand influence in China’s education industry, fostering greater public trust and confidence in its services.