Dashan Education Holdings Limited (9986) completed the acquisition of a 52% equity interest in the target company on December 1, 2025. As disclosed in the latest announcement, all conditions under the related sale and purchase agreement have been fulfilled, bringing the new share capital structure to 900 million shares in total.

Pursuant to the terms, Dashan Education allotted 60,000,000 new shares to Vendor A and 40,000,000 new shares to Vendor B at an issue price of HK$1.04 per share. The resulting ownership in the target entity stands at 52.0% for Dashan Education, 18.8% for Vendor A, and 29.2% for Vendor B.

Regarding the listed company’s overall shareholding structure, Lucky Heaven International Limited’s stake shifted from 26.22% to 23.31% and Infinite Apex Enterprises Limited’s stake moved from 23.83% to 21.18%. Bai Tai Investments Limited’s holding decreased from 7.75% to 6.89%. Vendor A and Vendor B now hold 6.67% and 4.44% of Dashan Education’s shares respectively, while public shareholders account for 37.51%, down from 42.20% prior to the completion.