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所產生或因依賴該等內容而引致的任何損失承擔任何 責任。 Bojun Education Company Limited 博 駿 教 育 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1758） 截 至2023年8月31日 止 年 度 之 年 度 業 績 公 告 摘要 截至8月31日止年度 2023年 2022年 變動 變動 人民幣千元 人民幣千元 人民幣千元 百分比 收益 81,305 33,604 47,701 142.0% 毛利 11,919 16,766 (4,847) -28.9% 年內溢利╱(虧損) 51,047 (9,403) 60,450 642.9% 經調整虧損淨額* (34,601) (9,403) (25,198) -268.0% * 經調整虧損淨額乃由於管理層認為有關資料將有助投資者在消除若干一次性或非經 常性項目的影響後評估本公司的純利水平。有關與根據香港財務報告準則（「香港財務 報告準則」）計算及呈列的最直接可資比 ...

目錄 公司簡介 2 公司資料 3 經營及財務摘要 5 管理層討論及分析 7 其他資料 27 簡明綜合損益及其他全面收入表 41 簡明綜合財務狀況表 42 簡明綜合權益變動表 44 簡明綜合現金流量表 45 簡明綜合財務報表附註 46 公司簡介 我們是中國四川省領先的民辦教育服務集團之一，在提供民辦教育 服務方面有超過22年往績記錄。我們運營學校，並且擬通過收購進 軍職業教育行業。我們亦向適學年齡學生和教育機構提供教育管理 服務，包括幼兒園管理服務、海外教育諮詢服務及補充服務等。截 至2023年2月28日，我們在四川省成都市運營一所高中及兩所幼 兒園。為遵守中國法津及本集團業務計劃的要求，我們將兩所幼兒 園轉型為營利性幼兒園。截至2023年2月28日，共有約854名在讀 學生，本集團共有420名僱員，其中93名為教師。 自2001年以來，我們扎根於民辦學前教育行 供教育服務。截至最後實際可行日期，河濱 業，並將業務擴展至民辦小學，初中及高中 及麗都幼兒園已轉型為營利性幼兒園且其業 教育行業。於2001年6月，我們透過與成都 績綜合入賬至本集團。此外，我們已開始在 幼兒師範學校的合作成立首間幼兒園，幼師 民辦職業 ...

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所產生或因依賴該等內容而引致的任何損 失承擔任何責任。 Bojun Education Company Limited 博 駿 教 育 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1758） 截 至2023年2月28日 止 六 個 月 之 中 期 業 績 公 告 摘要 於2023年 於2022年 變動 2月28日 2月28日 變動 百分比 學生總人數 854 151 +703 +465.6% 截至以下日期止六個月 2023年 2022年 2月28日 2月28日 變動 變動 人民幣千元 人民幣千元 人民幣千元 百分比 ...

Audit Errors - Bojun Education Company Limited announced that there were errors in the independent auditor's reports for both the 2021 and 2022 annual reports[2] - The errors do not affect the other information contained in the 2021 and 2022 annual reports, which remain unchanged[4] Company Leadership - The company is led by Executive Director Wang Jinglei, with a board comprising both executive and independent non-executive directors[4]

Financial Performance - The company reported revenue of RMB 33,604 thousand for the fiscal year 2022, a significant decrease compared to previous years[12]. - The gross profit margin improved to 49.9% in 2022, up from 27.8% in 2020[12]. - The net loss for the year was RMB 9,403 thousand, compared to a net profit of RMB 15,308 thousand in 2018[12]. - The adjusted net loss for 2022 was RMB 9,403 thousand, reflecting ongoing challenges in the education sector[12]. - Total revenue for the year ended August 31, 2022, was approximately RMB 336 million, with a loss of RMB 94 million, an increase in loss of RMB 619.6 million compared to the previous year[20]. - The net loss for the year decreased significantly from approximately RMB 629 million to RMB 9.4 million, a reduction of RMB 619.6 million (or 98.5%), primarily due to an increase in tuition and accommodation fees by approximately RMB 33.6 million[80]. - Adjusted net loss for the year was approximately RMB 9.4 million compared to RMB 82.7 million in the previous year, reflecting a significant improvement[84]. - The company reported a net income of approximately RMB 62.8 million as of August 31, 2022[160]. Enrollment and Student Demographics - The company has approximately 840 enrolled students and 406 employees, including 68 teachers, as of September 1, 2022[3]. - As of September 1, 2022, the total number of enrolled students was 840, including 239 kindergarten students and 601 high school students, with significant growth in high school enrollment due to the recruitment of a new cohort[29]. - Enrollment in high school increased to 601 students as of September 1, 2022, compared to 151 students in 2021, representing a growth of 450 students or 298.1%[30]. Business Expansion and Strategy - The company is expanding into the vocational education sector through acquisitions, pending shareholder approval[4]. - The company has initiated a strategy to adapt its business structure in response to increasing demand for quality private education in China[5]. - The company plans to focus on expanding independent kindergartens, high schools, and vocational education institutions in Sichuan Province, leveraging government support for vocational education[22]. - The company aims to enhance its market position as a quality private education operator in Southwest China amidst both opportunities and challenges presented by government regulations[22]. - The company is focusing on the development of vocational education in China, aligning with government support and reforms to meet the increasing demand for skilled talent[47]. - The company has entered into equity transfer agreements to acquire stakes in vocational education entities, marking a strategic transformation in its operational structure[47]. - The company plans to implement a new teaching model that integrates vocational and general education, enhancing the skill sets of students[48]. - The company is exploring camp education services to provide extended educational opportunities for primary and secondary school students, with a strong feasibility for profitability[52]. Financial Stability and Cash Flow - The cash flow from operating activities for the year ended August 31, 2022, was RMB 127.7 million, showing a slight increase from RMB 125.5 million in the previous year[18]. - The current ratio improved to 1.36 in 2022, indicating better short-term financial stability compared to previous years[20]. - The asset-liability ratio was reported at 213.0% in 2022, reflecting a significant increase compared to previous years[20]. - The asset-liability ratio improved from approximately 213.0% as of August 31, 2021, to about 89.4% as of August 31, 2022, due to increased capital and reserves[97]. - Cash and cash equivalents increased by RMB 61.6 million, reaching RMB 155.1 million at the end of the period, compared to RMB 93.2 million at the beginning[92]. - Operating cash flow generated was approximately RMB 25.9 million, while cash used in investing activities was RMB 53.7 million, and cash generated from financing activities was RMB 89.4 million[91]. - The increase in cash flow from financing activities was a notable change compared to the previous year, which had a significantly lower cash inflow of RMB 20.8 million[92]. - The company plans to meet its working capital needs through a combination of internally generated cash, external borrowings, and occasional capital market fundraising[89]. Regulatory Compliance and Risks - The company no longer controls entities providing compulsory education as of September 1, 2021, in compliance with new regulations[27]. - The company has maintained compliance with environmental laws and regulations, ensuring the health and safety of students across its institutions[53]. - The company faces several risks, including intense competition in the Chinese education sector, which may impact profit margins and market share[138]. - The company’s expansion plans may significantly consume operational and financial resources, posing a risk to its growth strategy[138]. Human Resources and Management - The company has 406 employees as of August 31, 2022, an increase from 279 employees in the previous year[126]. - The remuneration committee has been established to review the remuneration policy for directors and senior management, considering the group's performance and market practices[168]. - The independent non-executive directors confirmed their independence for the year ending August 31, 2022[163]. Shareholder Information and Stock Options - As of August 31, 2022, Mr. Wang Jinglei holds 233,920,000 shares, representing approximately 28.46% of the company's equity[172]. - Major shareholders include Hongyi and Wanfu, both holding 233,920,000 shares, equating to 28.46%[177]. - The company has a stock option plan that allows for the issuance of 1,000,000 options, with an exercise price of HKD 0.598 per share[129]. - The stock option plan was adopted on July 12, 2018, through a written resolution[192]. - The company’s major shareholders and independent non-executive directors must abstain from voting on any changes to the terms of stock options granted to them[198].

Financial Performance - Revenue for the fiscal year 2021 was RMB 398.774 million, an increase from RMB 375.740 million in 2020, representing a growth of approximately 3.6%[10]. - Gross profit for 2021 was RMB 109.497 million, with a gross margin of 27.5%, slightly down from 27.8% in 2020[10][12]. - The company reported a net loss of RMB 758.656 million for 2021, compared to a profit of RMB 15.242 million in 2020, indicating a significant decline in profitability[10]. - Adjusted net loss for 2021 was RMB 9.761 million, a deterioration from a profit of RMB 15.760 million in 2020[10]. - The adjusted net profit margin for 2021 was -2.4%, a significant drop from 4.2% in 2020, reflecting the challenges faced during the year[12]. - The company reported a significant increase in operating expenses, rising from a profit of approximately RMB 4.8 million in the year ending August 31, 2020, to an expense of approximately RMB 575.2 million in the year ending August 31, 2021, marking a change of about RMB 580.0 million (or 121 times) due to increased exchange losses and the absence of gains from the sale of financial assets[80]. - The company reported a net loss of approximately RMB 758.7 million for the year ending August 31, 2021, a decrease of about RMB 773.9 million (or 50.9 times) compared to a profit of approximately RMB 15.2 million in the previous year, primarily due to increased exchange losses and the absence of gains from financial assets[87]. - The company anticipates future revenue from four main sources: education income from Tianfu High School and kindergartens, service fees for quality education and logistics support, entry into vocational education, and service fees from educational management and school assistance[94]. Enrollment and Educational Services - As of September 1, 2021, total student enrollment reached 12,697, representing an annual growth of approximately 4.7%[22]. - Approximately 88% of junior high school graduates were admitted to key high schools in Chengdu, while about 98% of high school graduates were accepted into universities[23]. - The company has expanded its educational services to include vocational education, with plans initiated in 2020 and a share transfer agreement signed in December 2021[6]. - The company aims to enhance its market position in the private education sector in Sichuan Province, driven by increasing demand for quality education services[6]. - The company has established a strong reputation for educational quality, which is expected to attract more students and talented teachers[6]. - The company plans to expand its independent high school and vocational education offerings in Sichuan Province, leveraging government support for vocational education[24]. - The newly established Tianfu High School plans to enroll 200 students in the fall of 2021 and aims to gradually expand to 500 students per year thereafter[39]. - The tuition fee for Tianfu High School is set at RMB 42,000 per academic year, with revenue from tuition and accommodation expected to be recognized in the next fiscal year[39]. Regulatory Environment and Strategic Changes - The implementation of the new regulations on private education has resulted in significant uncertainty regarding the control over entities providing compulsory education, effective from September 1, 2021[30]. - The company has actively communicated with government departments to assess the impact of the new regulations on its operations[30]. - The company plans to actively develop and expand its business in private education, including independent high school education and vocational education, following the implementation of new regulations effective from September 1, 2021[44]. - The company is facing significant risks including operational resource consumption due to expansion plans and intense competition in the Chinese education sector[165]. - The management team is committed to evaluating the effects of regulatory changes on the company's operations and will provide further announcements as necessary[62]. Financial Position and Liabilities - Non-current liabilities related to repayment agreements with affected entities amounted to approximately RMB 852.2 million, with RMB 652.2 million classified as non-current liabilities[17]. - Total assets decreased to RMB 1,195.8 million in 2021 from RMB 1,742.9 million in 2020[21]. - The debt-to-equity ratio increased from approximately 48.7% as of August 31, 2020, to approximately 213.0% as of August 31, 2021[120]. - Contract liabilities decreased from approximately RMB 369.3 million as of August 31, 2020, to approximately RMB 7.3 million as of August 31, 2021, a reduction of about RMB 362.0 million (or 98.0%) due to the non-consolidation of affected entities[88]. Operational Efficiency and Cost Management - Employee costs rose by approximately RMB 13.5 million (or 7.9%) to RMB 184.7 million for the year ended August 31, 2021, driven by an increase in the number of teachers from 996 to 1,015[68]. - Administrative expenses decreased from approximately RMB 56.2 million in the year ending August 31, 2020, to approximately RMB 50.0 million in the year ending August 31, 2021, a reduction of about RMB 6.2 million (or 11.0%) due to cost-saving measures implemented by the company[81]. - Financial costs increased from approximately RMB 20.6 million in the year ending August 31, 2020, to approximately RMB 29.9 million in the year ending August 31, 2021, an increase of about RMB 9.3 million (or 45.1%) primarily due to new loans taken out[82]. - The company has implemented strict COVID-19 prevention measures, ensuring no infections among students and staff during the pandemic[55]. Investments and Acquisitions - The company has been actively involved in mergers and acquisitions to strengthen its position in the education sector, with ongoing plans for expansion[6]. - The company acquired a 51% stake in two vocational training companies for a total consideration of RMB 283,050,000, with RMB 147,075,000 paid in cash and RMB 135,975,000 settled through the issuance of 195,371,993 shares at HKD 0.85 each[147]. - The company also agreed to purchase a 25.5% stake in another target company for RMB 26,010,000, with half paid in cash and half through the issuance of 18,685,881 shares at HKD 0.85 each[147]. Corporate Governance and Management - The company has established a remuneration committee to review the compensation policies for directors and senior management, considering the company's performance and market practices[195]. - The company appointed a new Chief Financial Officer, Mr. Tang Peng, effective May 31, 2022[152]. - The company has maintained good relationships with employees, suppliers, and customers, with no significant disputes reported as of August 31, 2021[178].

bojun education company limited 博 駿 教 育 有 限 公 司 (於爾曼群島註冊成立的有限公司) 股份代號: 1758 博 學 致 遠 駿 駿 馳 天 下 A knowledgeable Man Wins The Whole World 2021 中期報告 目 錄 | --- | --- | |-------|------------------------------| | | | | 2 | 公司簡介 | | 3 | 公司资料 | | 5 | 經營及財務摘要 | | 7 | 管理層討論及分析 | | 36 | 其他資料 | | 47 | 簡明綜合損益及其他全面收入表 | | 48 | 簡明綜合財務狀況表 | | 50 | 簡明綜合權益變動表 | | 51 | 簡明綜合現金流量表 | | 52 | 簡明綜合財務報表附註 | | 67 | 釋義 | 公司簡介 展。隨著中國家長對優質民辦教育的需求增 博駿教育有限公司 中期報告 2021 2 | --- | --- | |------------------------------------------------------- ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|----------|-------|-------|-------|---------------------------------------------------------|-------|-------|-------|-------|-------|-------|--------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ...

bojun education company limited 博 駿 教 育 有 限 公 司 /於阿曼群岛註冊成立之有限公司/ 股份代號 : 1758 博粤致遠 駿馳天下 A Knowledgeable Man Wins The Whole World 2020 中期報告 目錄 2 公司簡介 3 公司資料 5 經營及財務摘要 7 管理層討論及分析 36 其他資料 43 簡明綜合損益及其他全面收入表 44 簡明綜合財務狀況表 45 簡明綜合權益變動表 46 簡明綜合現金流量表 47 簡明綜合財務報表附註 58 釋義 公司簡介 我們是中國四川省成都市領先的民辦教育服務集團之一，在提供民辦教育 服務方面有超過19年往績記錄。我們透過學校向幼稚園至高中不同年齡組 別的學生提供教育服務。截至2020年2月29日，我們在四川省共運營13所 學校，分別在成都營運六所幼兒園、一所小學暨初中、兩所初中以及一所 初中暨高中，在巴中市及廣元市各運營一所小學暨初中，在資陽市運營一 所小學、初中暨高中。截至2020年2月29日，共有約11,985名在讀學生， 本集團共有1,719名僱員，其中975名為教師。 自2001年以來，我們扎 ...

bojun education company limited 博 駿 教 育 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號 : 1758 博粤致遠 駿馳天下 A Knowledgeable Man Wins The Whole World 2019 年 報 | --- | --- | |-------|--------------------------| | | 目錄 | | | | | 2 | 公司簡介 | | 3 | 公司資料 | | 5 | 財務概要 | | 7 | 主席報告 | | 8 | 管理層討論及分析 | | 29 | 董事會報告 | | 55 | 董事及高級管理層 | | 59 | 企業管治報告 | | 69 | 環境、社會及管治報告 | | 97 | 獨立核數師報告 | | 101 | 綜合損益及其他全面收入表 | | 102 | 綜合財務狀況表 | | 104 | 綜合權益變動表 | | 105 | 綜合現金流量表 | | 107 | 綜合財務報表附註 | | 167 | 釋義 | 公司簡介 我們是中國四川省成都市領先的民辦教育服務集團之一，在提供民辦教育服務方面有超過1 ...