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，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 China Vocational Education Holdings Limited 中國職業教育控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1756） 截至2023年8月31日止年度之年度業績公告 摘要 於2023年 於2022年 百分比 8月31日 8月31日 變動 變動 學校數目 3 3 – – 就讀學生人數 52,740 47,131 5,609 11.9% 截至2023年 截至2022年 8月31日 8月31日 百分比 止年度 止年度 變動 變動 （人民幣千元）（人民幣千元）（人民幣千元） 收入 1,083,304 907,762 175,542 19.3% 毛利 624,604 482,151 142,453 29.5% 年內利潤 393,047 259,784 133,263 51.3% 經調整純利(1) 405,132 263,838 141,294 53.6% ...

中期簡明合併財務資料附註 FOR THE SIX MONTHS ENDED FEBRUARY 28, 2023 (All amounts expressed in RMB unless otherwise stated) 截至2023年2月28日止六個月 （除另有指明外，所有金額以人民幣表示） 6 SEGMENT INFORMATION The Group is principally engaged in provision of private tertiary education and ancillary services in the PRC. The Group's chief operating decision-maker ("CODM") has been identified as the executive director who considers the business from the service perspective. Information reported to the CODM, for the purpose of resource allocation and ...

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，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 China Vocational Education Holdings Limited 中國職業教育控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1756） 截至2023年2月28日止六個月之中期業績公告 董事會欣然公佈本集團截至2023年2月28日止六個月之未經審計綜合中期業績，連同 2022年同期之比較數字。 摘要 於2023年 於2022年 百分比 2月28日 2月28日 變動 變動 學校數目 3 3 – – 就讀學生人數 54,109 48,468 5,641 11.6% 截至2023年 截至2022年 2月28日 2月28日 百分比 止六個月 止六個月 變動 變動 （人民幣千元）（人民幣千元）（人民幣千元） 收入 548,044 459,465 88,579 19.3% 毛利 322,875 249,786 73,089 29.3% 期內利潤 215,055 142,927 72 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous year[10]. - For the year ended August 31, 2022, the Group's revenue amounted to approximately RMB 907.8 million, representing an increase of approximately 3.0% from approximately RMB 881.7 million for the corresponding period last year[13]. - The Group's profit for the year was RMB 259.8 million, an increase of 81.1% compared to RMB 143.5 million in the previous year[13]. - The adjusted net profit for the year was RMB 263.8 million, a decrease of 11.8% from RMB 299.1 million in the previous year[13]. - The earnings per share increased to RMB 0.216, representing an increase of 80.0% compared to RMB 0.120 in the previous year[13]. - The gross profit margin was 53.1%, slightly down from 53.4% in the previous year[13]. - The operating profit ratio improved to 42.3%, up from 25.5% in the previous year[13]. - The net profit ratio increased to 28.6%, compared to 16.3% in the previous year[13]. - The Group's cost of sales amounted to approximately RMB 425.6 million, increased by approximately 3.5% year-on-year from approximately RMB 411.1 million for the year ended August 31, 2021[86]. - The Group recorded a gross profit of approximately RMB 482.2 million, representing an increase of approximately 2.5% year-on-year from approximately RMB 470.5 million for the year ended August 31, 2021[86]. - The Group recorded a profit before taxation of approximately RMB 278.9 million for the year ended August 31, 2022, an increase of approximately 64.4% year-on-year from approximately RMB 169.6 million for the year ended August 31, 2021[88]. - Taxation for the year ended August 31, 2022, was approximately RMB 19.2 million, representing a decrease of approximately 26.8% year-on-year from approximately RMB 26.2 million for the year ended August 31, 2021[91]. Enrollment and Education Growth - User enrollment in vocational programs reached Z, marking an increase of A% year-over-year, indicating strong demand for vocational education[10]. - The Group operated three schools, maintaining student enrolment at 47,131, an increase of 1.0% from 46,669 in the previous year[13]. - The total student enrollment across the three schools was 47,131, with Huali College having 17,622 students, Huali Vocational College 18,338 students, and Huali Technician College 11,171 students[24]. - The total student enrollment increased by 462 students, representing a 1.0% growth compared to the previous year[26]. - Huali Technician College saw a significant increase in enrollment, with 11,171 students, up by 1,631 students or 17.1% from the previous year[26]. - Huali Vocational College's enrollment decreased by 484 students, a decline of 2.6% compared to the previous year[26]. - Huali College experienced a decrease in enrollment of 685 students, representing a 3.7% decline[26]. - The revenue growth was primarily attributed to the increase in student enrollment and average tuition fees[32]. - Average tuition fees per student rose from RMB 17,428 in 2021 to RMB 17,748 in 2022, reflecting an increase of 1.8%[38]. Strategic Initiatives and Future Plans - The company has set a future revenue guidance of $B million for the next fiscal year, reflecting a C% increase from the current year[10]. - New product offerings in the vocational training sector are expected to launch in Q1 2023, aimed at enhancing the learning experience and expanding market reach[10]. - The company is actively pursuing market expansion strategies, targeting D new regions in China to increase its footprint in the vocational education sector[10]. - The Group plans to expand its school network in China and abroad to increase student enrolment[16]. - The Group aims to improve profitability by optimizing pricing and sources of revenue[16]. - The Group plans to enhance its position in private higher education by implementing demand-driven construction of existing schools and new campuses, aiming to expand student enrollment capacity by over 5,000 students at Huali College[68]. - The new Jiangmen Yamen campus of Huali Technician College is under construction with a total planned area of approximately 253,300 sq. m, expected to accommodate over 20,000 students and to be operational by September 2023[68]. - The Group is actively expanding its vocational education and training business, which is expected to become a new revenue growth point, with considerable revenue growth anticipated in the future[68]. Awards and Recognition - The company received multiple awards during the reporting period, including the "Investment and Financing Mode Innovation Practice Award" from Shanghai People's Radio[52]. - Huali Vocational College was recognized for its "University Students Love Anchor Volunteer Service Team" by the Guangzhou Zengcheng District Live E-commerce Association[52]. - Huali Technician College won the "Outstanding Organization Award" at the "A Century of Greater Bay Area" Skills + New Media Innovation Competition[54]. - Huali College received the "Second Prize of Undergraduate Group" in the Guangdong University New Media Influence competition[54]. - The company achieved recognition in the Guangdong Private University Party's History Knowledge Contest, receiving multiple awards including "Outstanding Organization Award" and "Second Prize of Undergraduate Group"[56]. - Huali Technician College was awarded the "Outstanding Organization Award" in the Guangdong Vocational Skills Contest Advertising Design Competition[56]. - The company continues to focus on enhancing educational quality and operational achievements, as evidenced by the numerous awards received during the reporting period[51]. Governance and Management - The company has a board consisting of seven directors, including four executive directors and three independent non-executive directors[108]. - The board's composition reflects a balance of executive and independent oversight, ensuring effective governance[108]. - The management team is focused on strategic development and operational efficiency to drive growth in the vocational education market[113]. - The company is committed to leveraging its leadership's expertise to navigate the evolving educational landscape in China[111]. - The management team includes professionals with extensive backgrounds in finance and education, contributing to strategic decision-making[126]. - The company is actively expanding its governance structure with independent directors to enhance corporate oversight[121]. Compliance and Regulatory Environment - The Group's compliance with relevant laws and regulations is outlined, highlighting significant impacts on operations[154]. - The Implementation Rules for the Law for Promoting Private Education of the PRC will not have any impact on the Group's expansion strategy through acquisition[82]. - The Group intends to register its three schools as for-profit private schools based on the current regulatory environment[82]. - There are uncertainties regarding the interpretation and application of the Amendment affecting various aspects of private school operations[86]. - The Group's recent developments include compliance with the Law for Promoting Private Education of the PRC, which allows for the establishment of both non-profit and for-profit private schools[71]. Shareholder Information - As of August 31, 2022, the total number of issued shares was 1,200,000,000 shares[170]. - Mr. Zhang Zhifeng and Mr. Zhang Yude each hold 900,000,000 shares, representing a 75.0% shareholding in the company[168]. - The Board has resolved not to declare any final dividend for the year ended August 31, 2022, compared to a final dividend of HK$0.0502 per share for the year ended August 31, 2021, amounting to HK$60,240,000[159]. - The Company has adopted a dividend policy to distribute no less than 30% of the distributable net profit attributable to shareholders[159]. - The Group faces concentration risks as all schools are located in Guangdong Province[159]. - The dividend policy will continue to be reviewed periodically, with no assurance that dividends will be declared in any specific period[159].

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million for the interim period, representing a Y% growth compared to the previous year[9]. - Revenue increased by RMB14.1 million, or 3.2%, from RMB445.4 million for the six months ended February 28, 2021, to RMB459.5 million for the six months ended February 28, 2022[12]. - Profit for the period was RMB142.9 million, an increase of RMB3.3 million or 2.4% compared to RMB139.6 million for the same period last year[12]. - Adjusted net profit decreased by RMB14.4 million, or 9.2%, from RMB156.2 million for the six months ended February 28, 2021, to RMB141.8 million for the six months ended February 28, 2022[12]. - Gross profit increased by RMB10.4 million, or 4.4%, from RMB239.4 million for the six months ended February 28, 2021, to RMB249.8 million for the six months ended February 28, 2022[12]. - Total comprehensive income for the six months ended February 28, 2022, was RMB 143,461,000, an increase of 2.0% compared to RMB 139,583,000 for the same period in 2021[129]. - Earnings per share attributable to the owner of the Company for the period was RMB 0.120, up from RMB 0.116 in the previous year, reflecting a growth of 3.4%[129]. Enrollment and Market Expansion - User data showed an increase in enrollment numbers, with a total of Z students enrolled, reflecting a growth of A% year-over-year[9]. - The number of students at Huali Technician College increased from 9,857 in the 2020/2021 school year to 11,463 in the 2021/2022 school year[12]. - As of February 28, 2022, the total student enrollment across the three schools was 48,468, with 17,662 at Huali College, 19,343 at Huali Vocational College, and 11,463 at Huali Technician College[30]. - The Group plans to enhance student enrollment through demand-driven investments in existing schools and improving educational quality[58]. - The company is expanding its market presence, targeting D new regions for educational services in the upcoming fiscal year[9]. Cost Management and Operational Efficiency - The company aims to improve operational efficiency, targeting a reduction in costs by F% through streamlined processes and resource allocation[9]. - Selling expenses decreased by RMB10.4 million, or 52.3%, from RMB20.0 million to RMB9.5 million, attributed to changes in marketing strategies[15]. - Administrative expenses increased by RMB10.7 million, or 22.8%, from RMB46.9 million to RMB57.6 million, primarily due to higher administrative staff costs and other expenses[15]. - Cost of sales increased by RMB3.7 million, or 1.8%, from RMB206.0 million for the six months ended February 28, 2021, to RMB209.7 million for the six months ended February 28, 2022[12]. Strategic Initiatives and Future Outlook - The company provided an optimistic outlook for the next quarter, projecting revenue growth of B% based on current market trends and user engagement[9]. - New product development initiatives are underway, with the launch of C new courses aimed at enhancing vocational training offerings[9]. - Strategic acquisitions are being considered to enhance the company's educational portfolio and market reach[9]. - The Group has identified M&A targets in economically developed regions of China to expand its school network, focusing on private colleges with growth potential[61]. Financial Position and Capital Management - As of February 28, 2022, the Group had cash and cash equivalents of RMB 557.6 million and total borrowings of RMB 2,550.4 million, with RMB 1,972.1 million repayable within five years[25]. - The Group's debt ratio as of February 28, 2022, was 40.0%, an increase from 36.7% as of August 31, 2021[25]. - The Group's capital expenditures for the six months ended February 28, 2022, were RMB 509.2 million, primarily related to the establishment of new school premises and upgrading existing facilities[25]. - The Group had unused long-term banking facilities totaling RMB 829,616,000 as of February 28, 2022, which management believes are adequate for capital expenditure and working capital purposes[149]. Governance and Corporate Practices - The company has complied with all corporate governance code provisions except for the separation of the roles of chairman and chief executive officer, which are held by Mr. Zhang Zhifeng[82]. - The company is committed to enhancing its corporate governance practices to align with statutory and professional standards[82]. - The company has three independent non-executive directors on the board to ensure a balance of power and authority[82]. - The company actively recruits high-quality teachers with relevant industry experience and provides ongoing training to adapt to market changes[77]. Taxation and Compliance - The Group's entities in Mainland China are subject to a corporate income tax rate of 25%[192]. - No income tax expense was recognized for the income from the provision of educational services in respect of the PRC Operating Entities during the period[192]. - The Group's income tax expenses analysis shows a total of RMB 13,070,000 for the six months ended February 28, 2022, compared to RMB 11,810,000 for the same period in 2021[200].

华 立 大 学 集 团 有 限 公 司 Huali University Group Limited (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1756 Annual Report 年度報告 Contents 目錄 Corporate Information 2 Independent Auditor's Report | --- | --- | --- | --- | |--------------------------------------------------------------------|-------|-------|------------------------------------------------------------------| | | | | | | 公司資料 | | | 獨立核數師報告 | | Financial Highlights 財務摘要 | 5 | | Consolidated Statement of Comp ...

华 立 大 学 集 团 有 限 公 司 Huali University Group Limited (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1756 Interim Report 中期報告 Contents 目錄 02 | --- | --- | --- | --- | |-------------------------------------------------------------------------|-------|--------------------------------------------------------------------------------------------|-------| | | | | | | Corporate Information 公司資料 | | Interim Condensed Consolidated Balance Sheet 中期簡明綜合資產負債表 | | | Financial H ...

2020 Annual Report 年度報告 华 立 大 学 集 团 有 限 公 司 Huali University Group Limited (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1756 Contents 目錄 | --- | --- | --- | |-------------------------------------------------------------------|-------|------------------------------------------------------------------| | Corporate Information 公司資料 | 02 | Independent Auditor's Report 獨立核數師報告 | | | | | | Financial Highlights 財務摘要 | 05 | Consolidated Statement of Comprehensive Inco ...

华立大学集团有限公司 Huali University Group Limited (於開曼群島註冊成立的有限公司) 股份代號：1756 2020 中 期 報 告 10 Ian 2 4 財務表現摘要 管理層討論及分析 5 企業管治及其他資料 20 26 中期簡明綜合財務資料審閱報告 中期簡明綜合全面收入表 28 中期簡明綜合資產負債表 29 中期簡明綜合權益變動表 31 32 中期簡明綜合現金流量表 中期簡明綜合財務資料附註 33 目錄 公司資料 釋義 68 公司資料 董事會 執行董事 張智峰先生（董事會主席） 葉雅明先生 董小麟先生 非執行董事 張裕德先生 獨立非執行董事 周光暉先生（太平紳士） 楊英先生 丁義先生 審核委員會 周光暉先生（太平紳士）（主席） 楊英先生 丁義先生 薪酬委員會 楊英先生（主席） 葉雅明先生 丁義先生 提名委員會 張智峰先生（主席） 楊英先生 丁義先生 聯席公司秘書 洪文靈先生 張啟昌先生，CPA 授權代表 葉雅明先生 張啟昌先生 開曼群島註冊辦事處 P.O. Box 309, Ugland House Grand Cayman KY1-1104 Cayman Islands 中 ...