Leader Education Limited (LEADER EDU) announced that its controlling shareholder, Shuren Education Limited, has entered into a sale and purchase agreement on 2 September 2026 to dispose of 239.23 million shares—equating to 29.9% of the company’s issued share capital—to Scienjoy Innovation Labs Inc. for approximately HK$102.69 million. Ms. Dong Ling, an executive director of LEADER EDU and owner of Shuren, acts as guarantor for the transaction.

Upon completion, Shuren’s direct holding will fall from 37.50% to 7.60%. Together with Junhua Education Limited, which remains unchanged at 24.58%, the combined interest of Mr. Liu Laixiang and Ms. Dong Ling will decline to 32.18% but will still constitute a controlling stake. Scienjoy will become a substantial shareholder with a 29.9% interest, while public shareholders will continue to own 37.92% of the 800.00 million issued shares.

Completion is contingent on multiple conditions, including satisfactory due-diligence outcomes for Scienjoy, absence of material warranty breaches, receipt of requisite waivers or consents, maintenance of LEADER EDU’s Main Board listing status, and no trading suspension exceeding ten consecutive business days. Settlement is scheduled for five business days after all conditions are met or waived.

Scienjoy, incorporated in the British Virgin Islands and wholly owned by Nasdaq-listed Scienjoy Holding Corporation (ticker: SJ), is positioning the acquisition as a strategic investment aligned with its digital-content and lifestyle-platform strategy.

LEADER EDU’s board does not anticipate any adverse impact on operations, financial position, or management structure arising from the disposal. Shareholders are advised that the transaction may or may not proceed until all conditions are fulfilled; further announcements will be made as appropriate.