Core Viewpoint - The announcement by Lide Education (01449) regarding a financing lease agreement with Haitong Hengxin aims to secure financial resources for campus construction and general operational funding without affecting the company's operations [1] Financing Lease Agreement - The financing lease agreement with Haitong Hengxin is set to be established on October 27, 2025 [1] - The arrangement allows the company to obtain financial resources for campus construction and operational funding needs [1] - The agreement does not transfer ownership or usage rights of assets to Haitong Hengxin, ensuring that the company's operations remain unaffected [1] Accounting Treatment - According to international financial reporting standards, the transactions under the financing lease do not constitute an asset sale, thus no gains or losses will be recorded in the company's income statement [1] - At the end of the lease term, the company will pay a nominal retention fee to return the leased assets, making the arrangement similar to a secured loan in terms of practical and accounting treatment [1]

Core Viewpoint - The company, Lide Education (01449.HK), has entered into a sale and leaseback agreement with Haier for assets valued at RMB 30 million, with total lease payments amounting to RMB 32.92 million, aimed at securing financial resources for campus construction and operational needs [1] Group 1 - The sale and leaseback contract involves a financial leasing arrangement that allows the company to maintain operational control over the leased assets, as they will be immediately leased back to the company [1] - The transaction does not constitute an asset sale under International Financial Reporting Standards, meaning it will not result in any gains or losses recorded in the company's income statement [1] - At the end of the lease term, the company will pay a nominal purchase option to reacquire the leased assets, effectively treating the arrangement similarly to a secured loan [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Leader Education Limited 立德教育股份有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1449） 須予披露交易 融資租賃安排（海通） 融資租賃安排（海通） 於2025年10月27日（交易時段後），黑龍江工商學院與海通恆信訂立融資租賃協 議（海通）及專項協議（海通），內容有關融資租賃安排（海通）。 上市規則涵義 於2025年10月27日（交易時段後），黑龍江工商學院與海通恆信訂立融資租賃協議 （海通）及專項協議（海通），內容有關融資租賃安排（海通）。 融資租賃安排（海通） 融資租賃安排（海通）的主要條款概述如下： 1. 融資租賃協議（海通） (ii) 海通恆信（作為出租人） 1 日期： 2025年10月27日（交易時段後） 訂約方： (i) 黑龍江工商學院（作為承租人）；及 轉讓價格： 總轉讓價格為人民幣30,000,000元，乃參考於2025 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Leader Education Limited 融資租賃安排（海爾） 於2025年10月27日（交易時段後），黑龍江工商學院與海爾就售後租回租賃資 產（海爾）訂立售後回租合同（海爾）及諮詢服務合同（海爾），售價為人民幣 30,000,000元及總租賃付款為人民幣32,920,100元。 上市規則涵義 由於融資租賃安排（海爾）的最高適用百分比率（定義見上市規則第14.07條）按 單獨基準超過5% 但低於25%，故融資租賃安排（海爾）構成上市規則第十四章項 下的須予披露交易，因此須遵守上市規則第十四章項下申報及公告規定。 當融資租賃安排（海爾）根據上市規則第14.22條與於十二個月期間由相同訂約方 訂立的過往融資租賃安排（海爾）合計時，則構成上市規則第十四章項下的本公 司主要交易。由於本公司已就過往融資租賃安排（海爾）遵守上市規則項下主要 交易規定，故本公司無須通過將融資租賃安排（海爾）與過往融資租賃安排 ...

截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 本月底法定/註冊股本總額： USD 10,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01449 | 說明 | 不適用 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 666,667,000 | | 0 | | 666,667,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 666,667,000 | | 0 | | 666,667,000 | 公司名稱: 立德教育股份有限公司 呈交日 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 立德教育股份有限公司 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01449 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | 本月 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 立德教育股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01449 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | 本月 ...

Group 1 - The Hong Kong education sector is experiencing a strong performance, with New Oriental (09901.HK) rising over 10% [1] - Excellence Education Group (03978.HK) has seen an increase of more than 7% [1] - Other companies such as Tianli International Holdings (01773.HK) and Lide Education (01449.HK) are also witnessing upward trends [1]

Financial Performance - For the six months ended February 28, 2025, total revenue was approximately RMB 172.2 million, an increase of 0.8% compared to RMB 170.8 million for the six months ended February 29, 2024[12]. - Gross profit decreased by 11.7% to RMB 57.3 million for the six months ended February 28, 2025, down from RMB 64.9 million for the same period in 2024[20]. - Net profit for the period was approximately RMB 24.2 million, a decrease of 15.2% compared to RMB 28.6 million for the six months ended February 29, 2024[12]. - Total comprehensive income for the period was RMB 24,710,000, down 25.3% from RMB 33,032,000 in the previous year[93]. - The company did not declare any interim dividend for the six months ended February 28, 2025, consistent with the previous year[87]. - The profit attributable to equity holders of the parent company for the six months ended February 28, 2025, was RMB 24,219,000, compared to RMB 28,573,000 for the same period in 2024, representing a decrease of approximately 15.5%[126]. Revenue Breakdown - Tuition revenue decreased to RMB 158.9 million for the six months ended February 28, 2025, from RMB 159.0 million for the same period in 2024, while accommodation revenue increased by 12.7% to RMB 13.3 million[16]. - Tuition fees accounted for RMB 158,940,000, while accommodation fees increased to RMB 13,251,000 from RMB 11,762,000, marking a growth of 12.65%[111]. Student Enrollment and Academic Performance - The number of full-time students as of February 28, 2025, was 11,909, a decrease of 0.3% from 11,941 in the 2023/2024 academic year[12]. - In 2024, the university achieved a pass rate of 100% in the national undergraduate teaching evaluation, receiving high praise from evaluation experts[45]. - A total of 3,793 students were enrolled in 2024, with a job placement rate of 87.59% for the 2024 graduating class[48]. - The university has launched a total of 1,322 courses, including 59 compulsory public courses, 244 elective public courses, 860 professional courses, and 159 practical teaching sessions[45]. Expenses and Costs - Sales costs increased by 8.5% to RMB 114.9 million for the six months ended February 28, 2025, compared to RMB 105.9 million for the same period in 2024[17]. - Administrative expenses rose by 7.7% to RMB 21.0 million for the six months ended February 28, 2025, from RMB 19.5 million for the same period in 2024[23]. - The total salary cost for the group for the six months ending February 28, 2025, was RMB 42.1 million, a decrease from RMB 48.7 million for the same period in 2024[65]. - The group’s pre-tax profit for the six months ended February 28, 2025, was impacted by employee benefits expenses totaling RMB 42,068,000, down from RMB 47,146,000 in 2024, a decrease of 10.5%[113]. Assets and Liabilities - As of February 28, 2025, the group's property, plant, and equipment amounted to approximately RMB 1,917.1 million, an increase of RMB 12.0 million from RMB 1,905.1 million as of August 31, 2024[28]. - Non-current assets as of February 28, 2025, totaled RMB 2,229,594,000, an increase from RMB 2,179,742,000 as of August 31, 2024[94]. - Total liabilities decreased to RMB 1,471,093,000 from RMB 1,615,639,000 as of August 31, 2024[96]. - The company has a net current liability of RMB 606,294,000 as of February 28, 2025, indicating a need for careful liquidity management[105]. Financing and Cash Flow - Financing costs decreased from RMB 19.6 million for the six months ended February 29, 2024, to RMB 19.0 million for the six months ended February 28, 2025, with interest expenses reducing from approximately RMB 33.5 million to approximately RMB 27.0 million[25]. - The company raised RMB 138,944,000 in new bank loans during the six months ended February 28, 2025, compared to RMB 124,200,000 in the same period of 2024[101]. - The company incurred net cash outflows from investing activities amounting to RMB 79,140,000 for the six months ended February 28, 2025, compared to RMB 34,874,000 in the prior year[101]. Strategic Initiatives and Future Plans - The group aims to expand its educational services into a systematic, multi-level, and multi-dimensional operation, gradually increasing the scale of education to continuously create value for shareholders[60]. - The group plans to invest in vocational education by establishing vocational education institutions in the Yangtze River Delta and Beijing-Tianjin-Hebei regions, forming a new model of school-enterprise integration[62]. - The company plans to continue its business expansion while managing its financial resources effectively, including RMB 120,225,000 in financing available[105]. - The company is exploring potential acquisitions of smaller educational institutions to enhance its service offerings and market share[155]. Governance and Management - The board believes that the current arrangement of having the CEO also serve as the chairman is beneficial for the company's overall operations and management[82]. - The board will continue to review the separation of the roles of chairman and CEO as necessary[83]. - The group emphasizes the importance of attracting and retaining quality employees as crucial for its success and sustainable development[65]. Market Position and Growth - The company reported a significant increase in user enrollment, with a year-over-year growth of 25% in student numbers[154]. - Future guidance indicates a projected revenue growth of 20% for the next fiscal year, driven by increased enrollment and new product offerings[156]. - User retention rates improved to 85%, reflecting the effectiveness of recent educational programs and support services[154].

Financial Performance - For the six months ended February 28, 2025, the revenue was RMB 172,191,000, representing a 0.8% increase compared to RMB 170,764,000 for the same period in 2024[3] - Gross profit decreased by 11.7% to RMB 57,296,000 from RMB 64,883,000 year-on-year[3] - Profit for the period was RMB 24,219,000, down 15.2% from RMB 28,568,000 in the previous year[3] - The total comprehensive income for the period was RMB 24,710,000, compared to RMB 33,032,000 for the same period in 2024[5] - Basic and diluted earnings per share for the period were RMB 0.0363, compared to RMB 0.0429 for the same period in 2024[5] - The group recorded a profit of RMB 24.2 million for the six months ended February 28, 2025, a decrease of approximately 15.4% compared to RMB 28.6 million for the same period in 2024[33] Assets and Liabilities - As of February 28, 2025, total non-current assets amounted to RMB 2,229,594,000, an increase from RMB 2,179,742,000 as of August 31, 2024[6] - Current liabilities totaled RMB 800,398,000, a slight decrease from RMB 840,265,000 in the previous period[6] - The net current liabilities were RMB 606,294,000, indicating a significant increase from RMB 476,473,000 year-on-year[6] - The company reported cash and cash equivalents of RMB 178,176,000, down from RMB 345,437,000 in the previous year[6] - The financial leverage ratio as of February 28, 2025, was approximately 1.2, unchanged from 1.3 as of August 31, 2024[37] - The group has unutilized financing of RMB 120.2 million as of the announcement date, indicating sufficient liquidity for future cash needs[39] - The group has no significant contingent liabilities as of February 28, 2025[41] Revenue Breakdown - Tuition revenue decreased by RMB 62,000 from RMB 159.0 million to RMB 158.9 million, while accommodation revenue increased by RMB 1.5 million or 12.7% from RMB 11.8 million to RMB 13.3 million[25] - Revenue increased by RMB 1.4 million or 0.8% from RMB 170.8 million for the six months ended February 29, 2024, to RMB 172.2 million for the six months ended February 28, 2025[25] Expenses - Cost of sales increased by RMB 9.0 million or 8.5% from RMB 105.9 million to RMB 114.9 million, primarily due to increased heating costs and maintenance expenses[26] - Gross profit decreased by RMB 7.6 million or 11.7% from RMB 64.9 million to RMB 57.3 million, resulting in a gross margin decline from 38.0% to 33.3%[27] - Sales expenses increased by RMB 0.2 million for the six months ended February 28, 2025, compared to the same period in 2024, mainly due to increased frequency of promotional activities outside the province[29] - Administrative expenses rose by RMB 1.5 million or 7.7% to RMB 21.0 million for the six months ended February 28, 2025, primarily due to increased consulting fees and other professional service costs[30] - Financing costs decreased from RMB 19.6 million for the six months ended February 29, 2024, to RMB 19.0 million for the same period in 2025, with interest expenses dropping by approximately RMB 6.5 million[31] Enrollment and Education Quality - The total number of enrollments decreased from 11,941 in the 2023/24 academic year to 11,909 in the 2024/25 academic year[25] - The average tuition fee for the 2024/2025 academic year is RMB 25,750, representing a 3.85% increase from RMB 24,796 in the 2023/2024 academic year[47] - The enrollment scale for 2024 is 3,793 students across 24 programs, with a job placement rate of 87.59% for the 2024 graduating class[52] - Heilongjiang University of Commerce has completed the evaluation for undergraduate teaching work, receiving high praise from evaluation experts[48] - A total of 1,322 courses are offered, including 59 compulsory public courses and 860 professional courses[48] Corporate Governance and Compliance - The company is committed to maintaining good corporate governance practices and has adhered to the corporate governance code during the reporting period[66] - The audit committee has reviewed the unaudited interim results for the six months ended February 28, 2025, and found that the financial information complies with applicable accounting standards and regulations[70] - The company has established an audit committee consisting of three independent non-executive directors to oversee internal controls and risk management[70] - The board of directors believes that the current arrangement of combining the roles of CEO and chairman is beneficial for the company's overall operations and management[67] - The company has confirmed compliance with the standard code for securities trading by all directors for the six months ending February 29, 2024[69] Strategic Initiatives - The company is transitioning to a for-profit private school, with the application for this change approved by the Ministry of Education, ensuring the protection of students' rights during the three-year transition period[61] - The company aims to develop a digital lifelong learning system and create a "Future Learning Center" to enhance its educational services[60] - The company plans to integrate its advantageous programs with the Belt and Road Initiative to actively develop international student education[60] - Recent policies from the government support the development of vocational and private education, emphasizing the equal importance of vocational education alongside general education[57] - The company has established two vocational schools in the Yangtze River Delta and Beijing-Tianjin-Hebei regions since 2021, expanding its educational group to four campuses across three regions[55] Staffing and Compensation - As of February 28, 2025, the total salary cost incurred by the group, including director remuneration, was RMB 421 million, a decrease from RMB 487 million for the same period in 2024[64] - The group currently employs 688 full-time and 113 part-time staff, down from 762 full-time and 167 part-time staff as of February 29, 2024[64]