Minsheng Education Group Company Limited (Stock Code: 1569) announced an update regarding its ongoing dispute involving Chongqing Yuecheng and Leed National in relation to certain loan agreements. According to the announcement, the dispute is subject to an arbitration at the China International Economic and Trade Arbitration Commission (CIETAC). In connection with the proceedings, the Grand Court of the Cayman Islands previously issued an order restraining Minsheng Vocational from enforcing share charges. This order remains in force under the current circumstances.

The update further stated that the company filed an appeal to the Court of Appeal of the Cayman Islands to set aside the order and sought leave for a further appeal to the Judicial Committee of the Privy Council during the period from September 2023 to March 2025. Both attempts were ultimately unsuccessful, and Minsheng Vocational remains restrained from enforcing the relevant share charges. The arbitration process itself has yet to conclude, and the company indicated that further announcements will be made if there are any material developments.