MINSHENG EDU (01569) announced an update regarding an arbitration administered by the Hong Kong International Arbitration Centre (HKIAC). The arbitration involves a dispute between the company's subsidiary, Minsheng Vocational Education Co., Ltd. ("Minsheng Vocational Education" or "Respondent"), and Leed Education Holding Limited, National Education Holding Limited, and Hyde Education Holding Limited (collectively, the "Applicants"). The dispute stems from an option for the sale of a 49% equity interest in Leed International Education Group Co., Ltd. under a Share Purchase Agreement (SPA) entered into by the parties in 2018. On February 6, 2026, the HKIAC issued a partial award on the same day. This partial award orders the Respondent to fulfill the relevant terms of the SPA and to pay damages, if any, resulting from the breach of the SPA, along with other incidental relief, including interest. The HKIAC's final award will be rendered in due course. Minsheng Vocational Education is currently seeking legal advice from its counsel regarding the partial award and reserves all rights to take any necessary and appropriate actions concerning the arbitration, the partial award, and any subsequent final award.