DASHAN EDU (09986) has issued an announcement stating that the current board of directors, adhering to their fiduciary duties, prioritizes the interests of the company and its shareholders. To safeguard these interests, the board submitted an application on June 16, 2026, to the Listing Review Committee under Chapter 2B of the Listing Rules, seeking a review of the Listing Committee's decision, with the expectation of clarifying the aforementioned matters during this process.

The decision letter from the Listing Committee required the company to submit a written statement and reasons for the review within five business days, a requirement that significantly increases the difficulty for the company to undertake the review procedure and lacks a basis in the Listing Rules. Rule 2B.08(1) clearly stipulates that a review request must be delivered to the Secretary of the Listing Review Committee within seven business days after the relevant decision is issued. Neither Rule 2B.08 nor any other part of Chapter 2B stipulates that a company must submit its written statement within five business days.

For reasons unknown, the Listing Committee's decision letter has imposed a requirement more stringent than that specified by the Listing Rules themselves. For a significant matter such as expedited delisting, an effective written statement requires careful consideration and input from directors, professional advisors, and legal counsel. This unreasonable requirement, lacking explicit authorization under the Listing Rules, prevents the company from preparing an effective statement within the stipulated timeframe.

The company will assess its ability to comply with the requirements set out in the Listing Committee's decision letter while preparing an appropriate statement to protect its rights and interests. Should the company find the time insufficient, it will consider applying to the Listing Review Committee for an extension, although there is no guarantee that such an application will be approved.