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之內容概不負責， 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 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中國新高教集團有限公司 主席 李孝軒 香港，2025年11月18日 於本公告日期，執行董事為李孝軒先生、趙帥先生及陳冬海先生；及獨立非執行董 事為鄺偉信先生、彭子傑博士及王家琦女士。 董事會會議通告 中國新高教集團有限公司（「本公司」，連同其附屬公司及併表聯屬實體，統稱「本 集團」）董事會（「董事會」）謹此宣佈，董事會會議將於2025年11月28日（星期五） 舉行，藉以（其中包括）批准本集團截至2025年8月31日止之年度業績及其發佈，並 考慮派發末期股息（如有）。 承董事會命 China New Higher Education Group Limited 中國新高教集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2001） ...

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10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: 中國新高教集團有限公司 呈交日期: 2025年11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) | 02001 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | USD | | 0.0001 USD | | 200,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0001 USD | | 200,000 | 本月底法定/註冊股本總額： USD 200,0 ...

Core Viewpoint - The Hong Kong education stocks have shown significant gains, with several companies experiencing notable increases in their stock prices as of October 20th [1] Group 1: Stock Performance - China Oriental Education (00667.HK) increased by 5.2%, reaching HKD 6.88 [1] - Zhongjiao Holdings (00839.HK) rose by 4.39%, trading at HKD 3.09 [1] - Yuhua Education (06169.HK) saw a rise of 3.7%, priced at HKD 0.56 [1] - New Higher Education Group (02001.HK) gained 2.46%, with a stock price of HKD 1.25 [1]

Group 1 - Education stocks are experiencing significant gains, with China Oriental Education (00667) up 5.2% to HKD 6.88, Zhongjiao Holdings (00839) up 4.39% to HKD 3.09, Yuhua Education (06169) up 3.7% to HKD 0.56, and New Higher Education Group (02001) up 2.46% to HKD 1.25 [1] - Yuhua Education's recent transition to a for-profit model at Hunan University of Foreign Economic and Trade has garnered considerable attention within the education sector [1] - Shenwan Hongyuan's report suggests that attention should be paid to Hong Kong's higher education companies, as the potential for for-profit options to restart may enhance the certainty of profit distribution for private colleges, leading to a recovery in expansion momentum [1] - Guoyuan International's report indicates that for-profit schools benefit listed companies through dividends and profit distribution, which can alleviate debt burdens [1] - Although the transition to for-profit status requires the completion of asset transfers and tax payments, which may increase short-term costs, it is expected to lead to long-term market revaluation of assets [1] - Currently, only Yuhua Education has received approval for this transition, which may help restore sentiment and valuation in the short term, with potential for long-term value reassessment if other listed companies follow suit [1]

Core Viewpoint - The education sector is experiencing significant stock price increases, driven by the news of the profitability shift in private higher education institutions, particularly highlighted by the recent developments at Yuhua Education [1] Group 1: Stock Performance - China Oriental Education (00667) rose by 5.2%, trading at HKD 6.88 [1] - Zhongjiao Holdings (00839) increased by 4.39%, trading at HKD 3.09 [1] - Yuhua Education (06169) saw a rise of 3.7%, trading at HKD 0.56 [1] - New Higher Education Group (02001) grew by 2.46%, trading at HKD 1.25 [1] Group 2: Industry Insights - Yuhua Education's transition to a for-profit model has garnered significant attention within the education sector [1] - Shenwan Hongyuan's report suggests that the profitability shift in private higher education could lead to improved earnings distribution and expansion potential for listed companies [1] - Guoyuan International noted that for-profit schools could enhance dividend distributions for listed companies, alleviating debt pressures [1] Group 3: Long-term Outlook - The transition to for-profit status may incur short-term costs due to asset transfers and tax payments, but it is expected to lead to long-term market revaluation of assets [1] - Currently, only Yuhua Education has received approval for this transition, which may positively impact market sentiment and valuation recovery for the sector [1] - If other listed companies pursue similar transitions, it could result in a long-term revaluation of the entire education sector [1]

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國新高教集團有限公司 呈交日期: 2025年10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) | 02001 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | USD | | 0.0001 USD | | 200,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0001 USD | | 200,000 | 本月底法定/註冊股本總額： USD 200,00 ...

Group 1 - The core viewpoint of the article highlights a collective rise in Hong Kong education stocks on September 29, with notable increases in share prices for several companies [1] Group 2 - China Oriental Education (00667.HK) saw a rise of 6.64%, reaching HKD 7.39 [1] - New Higher Education Group (02001.HK) increased by 5.98%, trading at HKD 1.24 [1] - Yuhua Education (06169.HK) experienced a 3.28% rise, with shares priced at HKD 0.63 [1] - China Education Group Holdings (00839.HK) rose by 1.88%, with a share price of HKD 3.25 [1]

Group 1: Industry Investment Rating - The report maintains a positive outlook on the overseas education sector, indicating a favorable investment rating due to the maturation of profit-oriented classification management and market reforms driving the expansion of higher education institutions [1][2]. Group 2: Core Insights - The conditions for profit-oriented classification management in private education are gradually maturing, with quality improvement in private schools being a crucial prerequisite for this transition. The report anticipates an acceleration in the implementation of profit-oriented policies for private schools, which will enhance the supply of higher education while ensuring quality [1][9]. - The establishment of profit distribution rights for private schools has led to increased certainty in asset returns. The average profit margin for the six listed private higher education companies is approximately 30.9%, with an average ROE of 12%. This indicates a robust commercial model that seeks to expand scale and revenue [2][10]. - The report highlights a significant mismatch between supply and demand in the higher education sector, with the number of college admissions only increasing from 10.36 million in 2021 to 10.69 million in 2024, while the number of high school graduates entering the college entrance examination has risen from 10.78 million in 2021 to 13.42 million in 2024. This has resulted in a declining college admission rate from 96.1% in 2021 to 79.6% in 2024 [2][10]. - The report suggests that the current quality standards achieved by listed private higher education companies will lay a solid foundation for the reintroduction of profit-oriented choices, which is expected to enhance the valuation of the higher education sector [2][11]. Group 3: Company Focus - The report recommends focusing on several key companies in the overseas education sector, including Yuhua Education, Zhongjiao Holdings, China Kepei, Neusoft Ruixin, Zhonghui Group, New Higher Education, Xijiao International Holdings, and Huaxia Holdings, as they are well-positioned to benefit from the anticipated policy changes [3][11][14].

Group 1 - Higher education stocks showed strong performance, with China Education Holdings (00839) rising by 14.29% to HKD 3.84, Yuhua Education (06169) increasing by 7.35% to HKD 0.73, and New Higher Education Group (02001) up by 7.26% to HKD 1.33 [1] - Yuhua Education announced that its university, Hunan International Economics University, received approval from relevant government authorities to proceed with the classification registration for profit-making private schools, indicating progress in the transition to a profit-making model [1] - Huachuang Securities noted that the recent developments in Hunan's private higher education sector could serve as a demonstration effect, signaling a positive shift in policy direction that may lead to valuation recovery for Hong Kong-listed education companies [1] Group 2 - Guoyuan International stated that profit-making schools would benefit listed companies by facilitating dividend distribution and alleviating debt burdens, despite the short-term increase in costs due to asset transfer and tax payments [1] - The announcement highlighted that the approval is not a confirmation of successful registration as a profit-making school, emphasizing the complexity and uncertainty of the process [1] - The long-term outlook suggests that the transition to profit-making status could lead to a market revaluation of assets [1]

Core Viewpoint - The recent announcement from Yuhua Education regarding its university's approval for profit-oriented registration has positively impacted the stock performance of several higher education companies in Hong Kong, indicating a potential shift in the sector's regulatory landscape [1] Group 1: Stock Performance - Several higher education stocks saw significant gains, with China Education Holdings (00839) up 14.29% to HKD 3.84, Yuhua Education (06169) up 7.35% to HKD 0.73, and New Higher Education Group (02001) up 7.26% to HKD 1.33 [1] Group 2: Regulatory Developments - Yuhua Education announced that its university, Hunan International Economics University, received approval from relevant government authorities to proceed with the classification registration for profit-oriented private schools [1] - The announcement clarified that the approval is for initiating the registration process and does not guarantee immediate success in becoming a profit-oriented school due to the complex and time-consuming nature of the required procedures [1] Group 3: Market Implications - Huachuang Securities noted that the recent progress in Hunan's transition to profit-oriented private education could serve as a demonstration effect, signaling a more proactive policy direction [1] - Guoyuan International highlighted that profit-oriented schools would benefit listed companies through dividends and profit distribution, which could alleviate debt burdens [1] - Although the registration process may incur short-term costs due to asset transfers and tax payments, it is expected to lead to long-term market revaluation of assets [1]