LEADER EDU discloses RMB300.00 million co-construction facility and RMB23.12 million loans with related party after Tianjin Quanren divestment

Bulletin Express
Jun 01

Leader Education Limited (LEADER EDU) has released details of continuing connected transactions with Tianjin Quanren Education Technology Co. and its wholly owned Tianjin Quanren School following the disposal of Tianjin Quanren in January 2026. Both counterparties are now deemed connected persons as Tianjin Quanren is ultimately controlled by Mr. Li Xuejun, the brother-in-law of LEADER EDU’s chairman, Mr. Liu Laixiang. Key information is as follows:

1. Co-construction agreement • Purpose: Joint development and long-term operation of the Beijing-Tianjin-Hebei Industry-Education Integration Base, serving internship, teacher training, R&D cooperation, technology transfer and employment incubation. • Funding commitment: Heilongjiang College of Business and Technology (a consolidated entity of LEADER EDU) will advance up to RMB300.00 million to Tianjin Quanren Co.; approximately RMB234.00 million had been provided by 19 January 2026, rising to an outstanding RMB258.30 million as of the 1 June 2026 announcement. • Interest & tenor: Floating rate of 8% p.a., payable in a lump sum by 30 December 2032. Principal already drawn will be repaid in seven annual instalments starting 30 December 2026; any sums advanced after 19 January 2026 fall due in one lump sum by 30 December 2032. • Use of proceeds: Restricted to design, construction, operation and management of the Base via a dedicated bank account.

2. Loan agreements with Tianjin Quanren entities Date / Lender / Borrower / Principal / Tenor • 9 Sep 2025 – Beijing Junhua → Tianjin Quanren School: RMB3.85 million, maturing 31 Dec 2030. • 8 Oct 2025 – Heilongjiang Liankang → Tianjin Quanren School: RMB14.50 million, maturing 31 Dec 2030. • 28 Nov 2025 – Beijing Junhua → Tianjin Quanren Co.: RMB4.77 million, maturing 31 Dec 2030. Total principal: RMB23.12 million. All three facilities carry a fixed rate of 3.5% p.a., with interest and principal repayable in one lump sum at maturity. Early repayment requires seven business days’ prior written notice.

3. Regulatory context Following the disposal of Tianjin Quanren, the co-construction and loan arrangements constitute continuing connected transactions under Chapter 14A of the Hong Kong Listing Rules. LEADER EDU must comply with annual review and disclosure obligations and seek further approvals if any terms are varied or renewed.

4. Board assessment The board, including independent non-executive directors, considers the agreements to be on normal commercial terms, in the ordinary course of business and in the interests of shareholders. No directors other than Mr. Liu (related via family connection) are deemed to have a material interest in these transactions.

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