Lead Education (01449) has announced that its controlling shareholder has entered into an agreement to sell a significant portion of its shares. The company's board was informed that on September 2, 2026, Shuren Education Limited, the controlling shareholder, signed a sale and purchase agreement with Scienjoy Innovation Labs Inc., with Ms. Dong Ling acting as guarantor.

The agreement pertains to the potential sale of 239 million shares, with a consideration of approximately HK$103 million. Under the terms, Shuren has conditionally agreed to sell, and Scienjoy has conditionally agreed to purchase, 239 million shares, representing about 29.9% of the company's issued share capital as of the date of the agreement.

Following the completion of the transaction, assuming no changes in the issued share capital, Shuren, together with Junhua Education Limited, will continue to serve as the controlling shareholder, beneficially owning a total of 257 million shares, representing approximately 32.18% of the issued share capital. Meanwhile, Scienjoy will beneficially own 239 million shares, representing approximately 29.9% of the issued share capital.

Scienjoy is a limited company incorporated in the British Virgin Islands, wholly owned by Scienjoy Holding Corporation, a Nasdaq-listed company with the stock code "SJ." According to its public disclosures, Scienjoy Holding Corporation has been advancing the integration of artificial intelligence, mixed reality, and other technologies with its digital content and lifestyle platform businesses. The board understands that Scienjoy's acquisition of the sale shares represents a strategic investment.