Minsheng Education Group Company Limited has announced that it entered into a facility letter with Hang Seng Bank Limited on December 19, 2025. Under the agreement, Hang Seng Bank will provide Minsheng Education Group with a term loan facility of up to RMB300 million, or its equivalent in Hong Kong or US dollars. The final maturity date for any loans drawn under the facility will be no later than three years from the date of each drawdown. As part of the agreement, Mr. Li Xuechun, the company’s chairman and ultimate controlling shareholder, is required to remain the ultimate controlling shareholder and maintain at least a 50% beneficial interest in the company.