NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s)(Note 1) , 29 July 2025 The following document(s) of Legendary Education Group Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at https://www.legendaryedu.com and The Stock Exchange of Hong Kong Limited at https://www.hkexnews.hk (collectively "Websites"):- You may at any time send your request in writing to the Company (c/o its Hong Kong Branch Share Registrar, Union Registrars L ...

LEGENDARY EDUCATION GROUP LIMITED 傳承教育集團有限公司 (incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號: 8195) NOTIFICATION LETTER 通知信函 Dear Registered Shareholder(s), 29 July 2025 The following document(s) of Legendary Education Group Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at https://www.legendaryedu.com and The Stock Exchange of Hong Kong Limited at https://www.hkexnews.hk (collectively "Websi ...

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT FOR THE YEAR ENDED 31 MARCH 2025 截至二零二五年三月三十一日止年度的環境、社會及管治報告 ABOUT THE REPORT Legendary Education Group Limited (the "Company") and its subsidiaries (together the "Group") are pleased to present the Environmental, Social and Governance report (the "ESG report") for the year ended 31 March 2025 ("Reporting Year"). The Company aims to allow all stakeholders to understand the progress and development direction of the Group by reporting the policies, measures and perf ...

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small ...

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 佈 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 會 就 因 本 公 佈 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。 本公佈僅供參考，並不構成邀請或招攬收購、購買或認購本公司任何證券之要約。 LEGENDARY EDUCATION GROUP LIMITED 傳承教育集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8195） 建 議 由 香 港 聯 合 交 易 所 有 限 公 司GEM 轉 至 主 板 上 市 本 公 佈 乃 本 公 司 根 據GEM上 市 規 則 第9.26條 及 第17.10(2)(a)條 以 及 證 券 及 期 貨 條 例 第XIVA部 項 下 的 內 幕 消 息 條 文（定 義 見GEM上 市 規 則）而 作 出。 董 事 會 欣 然 宣 佈，已 於 二 零 二 五 年 七 月 二 十 三 日（交 ...

[Company Information and Regulatory Statements](index=1&type=section&id=Company%20Information%20and%20Regulatory%20Statements) This section outlines the company's regulatory compliance, disclaimers, and directors' responsibilities regarding the accuracy and completeness of the announcement [Disclaimer and GEM Market Characteristics](index=1&type=section&id=1.1%20Disclaimer%20and%20GEM%20Market%20Characteristics) Hong Kong Exchanges and Clearing Limited and the Stock Exchange disclaim responsibility for this announcement's content, not guaranteeing its accuracy or completeness, while the GEM market serves small and medium-sized companies with high investment risks - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited are not responsible for the contents of this announcement and make no representation as to its accuracy or completeness[1](index=1&type=chunk)[3](index=3&type=chunk) - The GEM market provides a listing platform for small and medium-sized companies, carrying higher investment risks[2](index=2&type=chunk) - GEM securities may be subject to greater market volatility and do not guarantee high liquidity[2](index=2&type=chunk) [Directors' Responsibility Statement](index=1&type=section&id=1.2%20Directors'%20Responsibility%20Statement) The company's directors collectively and individually assume full responsibility for this announcement, confirming the information is accurate, complete, and free from misleading or fraudulent content in all material aspects - All company directors collectively and individually accept full responsibility for this announcement[4](index=4&type=chunk) - Directors confirm that the information in the announcement is accurate, complete, and free from misleading or fraudulent content in all material aspects[4](index=4&type=chunk) [Financial Highlights](index=2&type=section&id=Financial%20Highlights) For the year ended March 31, 2025, the company's revenue increased by 20.6% to HK$343.16 million, but profit attributable to owners decreased to HK$37.08 million, with basic and diluted earnings per share also declining, and no final dividend recommended 2025 Fiscal Year Financial Highlights | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 343,162 | 284,595 | +20.6% | | Profit attributable to owners of the company | 37,078 | 45,598 | -18.7% | | Total equity attributable to owners of the company | 427,518 | 331,339 | +29.0% | | Basic earnings per share (HK cents) | 8.45 | 11.18 | -24.4% | | Diluted earnings per share (HK cents) | 8.22 | 10.80 | -23.9% | - The Board does not recommend paying any final dividend for the year ended March 31, 2025[5](index=5&type=chunk) [Consolidated Financial Statements](index=3&type=section&id=Consolidated%20Financial%20Statements) This section presents the Group's consolidated financial performance and position, detailing revenue, expenses, assets, and liabilities for the reporting period [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=3.1%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the year ended March 31, 2025, the company's revenue increased by 20.6% to HK$343.16 million, but profit for the year decreased by 15.5% to HK$39.81 million due to significant increases in cost of sales and services, administrative expenses, and finance costs Key Data from Consolidated Statement of Profit or Loss and Other Comprehensive Income | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 343,162 | 284,595 | +20.6% | | Cost of sales and services | (156,343) | (124,016) | +26.1% | | Administrative expenses | (104,285) | (85,624) | +21.8% | | Finance costs | (7,246) | (2,393) | +202.8% | | Profit before tax | 48,031 | 58,073 | -17.3% | | Profit and total comprehensive income for the year | 39,805 | 47,111 | -15.5% | | Profit attributable to owners of the company | 37,078 | 45,598 | -18.7% | | Basic earnings per share (HK cents) | 8.45 | 11.18 | -24.4% | | Diluted earnings per share (HK cents) | 8.22 | 10.80 | -23.9% | [Consolidated Statement of Financial Position](index=4&type=section&id=3.2%20Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the company's total net assets increased to HK$431.09 million, primarily driven by a significant rise in net current assets, while non-current assets slightly decreased and non-current liabilities substantially reduced Key Data from Consolidated Statement of Financial Position | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Non-current assets | 189,901 | 206,804 | -8.2% | | Current assets | 323,997 | 227,604 | +42.4% | | Current liabilities | 72,761 | 73,403 | -0.9% | | Net current assets | 251,236 | 154,201 | +62.9% | | Non-current liabilities | 10,046 | 28,625 | -64.9% | | Net assets | 431,091 | 332,380 | +29.7% | | Equity attributable to owners of the company | 427,518 | 331,339 | +29.0% | [Notes to the Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) This section provides detailed explanations and breakdowns of the figures presented in the consolidated financial statements, including accounting policies, segment information, and specific financial line items [General Information](index=6&type=section&id=4.1%20General%20Information) Heritage Education Group Limited, incorporated in the Cayman Islands in 2014 and listed on GEM, primarily engages in investment holding, with subsidiary activities detailed in the consolidated financial statements - The company was incorporated in the Cayman Islands on June 5, 2014, and listed on the GEM of The Stock Exchange of Hong Kong Limited on October 10, 2014[9](index=9&type=chunk) - The company's principal activity is investment holding, with details of its subsidiaries' principal activities provided in the consolidated financial statements[10](index=10&type=chunk) - The consolidated financial statements are presented in Hong Kong Dollars, with all values rounded to the nearest thousand Hong Kong Dollars[10](index=10&type=chunk) [Application of New and Revised Hong Kong Financial Reporting Standards](index=6&type=section&id=4.2%20Application%20of%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards) The Group adopted several HKFRS amendments this year with no material impact on financial position or performance, while other standards, like HKFRS 18, are yet to be effective and are expected to influence future financial statement presentation and disclosure [Amendments Mandatorily Effective This Year](index=6&type=section&id=4.2.1%20Amendments%20Mandatorily%20Effective%20This%20Year) The Group first applied several HKFRS amendments this year, including those to HKFRS 7, HKAS 1, and HKAS 16, which had no material impact on financial position or performance, though HKAS 1 clarified liability classification - Amendments to HKFRS 7, HKAS 1, and HKAS 16 were first applied this year[11](index=11&type=chunk) - Amendments to HKAS 1 affect the classification of liabilities as current or non-current and have been applied retrospectively[12](index=12&type=chunk) - The Group has reassessed liability classifications and determined no reclassification is required[13](index=13&type=chunk) [Amendments Issued But Not Yet Effective](index=7&type=section&id=4.2.2%20Amendments%20Issued%20But%20Not%20Yet%20Effective) The Group has not early adopted several issued but not yet effective HKFRS amendments, with HKFRS 18 "Presentation and Disclosure in Financial Statements" effective in 2027, expected to impact future profit or loss statement presentation and disclosure - The Group has not early adopted several issued but not yet effective HKFRSs amendments[14](index=14&type=chunk) - HKFRS 18 "Presentation and Disclosure in Financial Statements" will be effective for annual periods beginning on or after January 1, 2027, and is expected to impact the presentation and disclosure of the statement of profit or loss in future financial statements[16](index=16&type=chunk)[17](index=17&type=chunk) - Management expects that the application of all new standards and amendments will not have a material impact on the Group's future results and financial position[15](index=15&type=chunk) [Segment Information](index=8&type=section&id=4.3%20Segment%20Information) The Group is organized into six operating segments by business type, with executive directors regularly reviewing segment revenue and operating results, and financial and investment education and private supplementary education being key revenue contributors, while lending business revenue grew significantly [Overview of Business Segments](index=8&type=section&id=4.3.1%20Overview%20of%20Business%20Segments) The Group operates six segments: OEM, retail, money lending, financial and investment education, property investment, and private supplementary education, with executive directors reviewing performance and allocating resources based on segment results - The Group's operating segments include: Original Equipment Manufacturing, Retail, Money Lending, Financial and Investment Education, Property Investment, and Private Supplementary Education[22](index=22&type=chunk)[43](index=43&type=chunk) - Executive Directors regularly review the revenue and operating results of each business to assess segment performance and allocate resources[20](index=20&type=chunk) [Segment Results and Assets and Liabilities](index=9&type=section&id=4.3.2%20Segment%20Results%20and%20Assets%20and%20Liabilities) For the year ended March 31, 2025, financial and investment education and private supplementary education were the primary revenue contributors, generating HK$216 million and HK$122 million respectively, with significant growth in money lending revenue and increased segment profit for private supplementary education 2025 Fiscal Year Segment Revenue and Profit | Segment | 2025 Revenue (HK$ thousand) | 2024 Revenue (HK$ thousand) | 2025 Profit (HK$ thousand) | 2024 Profit (HK$ thousand) | | :--- | :--- | :--- | :--- | :--- | | Original Equipment Manufacturing Business | – | 290 | – | 30 | | Retail Business | – | – | – | – | | Money Lending Business | 5,423 | 2,931 | 3,411 | 1,279 | | Financial and Investment Education Business | 215,688 | 184,043 | 57,441 | 56,661 | | Private Supplementary Education Business | 122,051 | 97,331 | 16,792 | 12,624 | | Property Investment Business | – | – | – | – | | Unallocated | – | – | (29,387) | (19,606) | | **Total** | **343,162** | **284,595** | **48,257** | **50,988** | 2025 Fiscal Year Segment Assets and Liabilities | Segment | 2025 Assets (HK$ thousand) | 2024 Assets (HK$ thousand) | 2025 Liabilities (HK$ thousand) | 2024 Liabilities (HK$ thousand) | | :--- | :--- | :--- | :--- | :--- | | Original Equipment Manufacturing Business | 3,715 | 5,576 | (14) | (37) | | Retail Business | – | – | – | – | | Money Lending Business | 112,883 | 57,628 | (359) | (223) | | Financial and Investment Education Business | 77,199 | 86,607 | (10,985) | (47,445) | | Private Supplementary Education Business | 55,950 | 61,866 | (32,855) | (21,545) | | Property Investment Business | – | 27,650 | – | – | | Unallocated | 87,319 | 3,424 | (15,402) | (8,369) | | **Total** | **337,066** | **242,751** | **(59,615)** | **(77,619)** | [Geographical Information and Major Customers](index=11&type=section&id=4.3.3%20Geographical%20Information%20and%20Major%20Customers) The Group primarily operates in Hong Kong, with approximately HK$0.288 million revenue from China in FY2025 and the remainder from Hong Kong, all non-current assets are located in Hong Kong, and no single customer contributed 10% or more of the Group's revenue - The Group primarily operates its businesses in Hong Kong[25](index=25&type=chunk) - In FY2025, approximately **HK$288,000** in revenue was derived from China, with the remainder from Hong Kong[25](index=25&type=chunk) - All non-current assets are located in Hong Kong[25](index=25&type=chunk) - No single customer contributed 10% or more of the Group's revenue during the year[26](index=26&type=chunk) [Revenue from Contracts with Customers](index=11&type=section&id=4.4%20Revenue%20from%20Contracts%20with%20Customers) For the year ended March 31, 2025, total revenue from contracts with customers was HK$343 million, primarily from financial and investment education courses (HK$216 million) and private supplementary education courses (HK$122 million), with loan interest income at HK$5.42 million 2025 Fiscal Year Breakdown of Revenue from Contracts with Customers | Revenue Source | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Financial and Investment Education Courses | 215,688 | 184,043 | | Private Supplementary Education Courses | 122,051 | 97,331 | | Original Equipment Manufacturing Apparel Products | – | 290 | | **Total Revenue from Contracts with Customers** | **337,739** | **281,664** | | Interest income from loans receivable | 5,423 | 2,931 | | **Total Revenue** | **343,162** | **284,595** | - Approximately **HK$318 million** of revenue was transferred at a point in time, with the remainder transferred over a period of time[28](index=28&type=chunk) [Other Income](index=12&type=section&id=4.5%20Other%20Income) For the year ended March 31, 2025, total other income decreased to HK$1.66 million from HK$2.74 million last year, mainly comprising bank interest income and sundry income, with no rental income from course centers 2025 Fiscal Year Other Income Details | Income Source | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Rental income from course centers | – | 1,152 | | Bank interest income | 750 | 585 | | Net gain on disposal of property, plant and equipment | 214 | – | | Gain on early termination of lease contracts | 46 | – | | Sundry income | 648 | 1,005 | | **Total** | **1,658** | **2,742** | [Other Gains and Losses, Net](index=13&type=section&id=4.6%20Other%20Gains%20and%20Losses%2C%20Net) For the year ended March 31, 2025, other gains and losses, net, resulted in a loss of HK$1.83 million, a significant deterioration from last year's gain of HK$3.25 million, primarily impacted by goodwill impairment of HK$16.42 million, partially offset by net gain on acquisition of subsidiaries and fair value change of convertible bonds 2025 Fiscal Year Other Gains and Losses, Net Details | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Impairment loss under expected credit losses | 59 | (1,640) | | Net gain on acquisition of subsidiaries | 9,809 | 6,778 | | Net fair value change of other financial assets at fair value through profit or loss | (753) | (237) | | Fair value gain on convertible bonds at fair value through profit or loss | 5,480 | – | | Impairment of goodwill | (16,420) | – | | **Total** | **(1,825)** | **3,248** | [Finance Costs](index=13&type=section&id=4.7%20Finance%20Costs) For the year ended March 31, 2025, finance costs significantly increased by 202.8% to HK$7.25 million, primarily due to interest incurred on convertible bonds 2025 Fiscal Year Finance Costs Details | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Interest on bank borrowings | 117 | 148 | | Interest on bills payable | 73 | 20 | | Interest on lease liabilities | 851 | 954 | | Interest on convertible bonds | 6,205 | – | | Estimated interest on other payables | – | 1,271 | | **Total** | **7,246** | **2,393** | [Income Tax Expense](index=14&type=section&id=4.8%20Income%20Tax%20Expense) For the year ended March 31, 2025, income tax expense decreased to HK$8.23 million from HK$10.96 million last year, with Hong Kong profits tax calculated under a two-tiered system, and no PRC corporate income tax provision as no taxable profit was generated in China 2025 Fiscal Year Income Tax Expense | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong Profits Tax (expense for the year) | 8,413 | 10,740 | | Hong Kong Profits Tax (under-provision in prior years) | (48) | 361 | | Deferred tax (origination and reversal of temporary differences) | (139) | (139) | | **Total** | **8,226** | **10,962** | - Hong Kong Profits Tax is calculated under a two-tiered profits tax regime, with the first **HK$2 million** of assessable profits taxed at **8.25%** and the remaining assessable profits at **16.5%**[35](index=35&type=chunk) - No provision for PRC Corporate Income Tax was made for the year as the Group did not generate any estimated assessable profits in China[36](index=36&type=chunk) [Dividends](index=14&type=section&id=4.9%20Dividends) The Board does not recommend paying a final dividend for the years ended March 31, 2024 and 2025, and no dividends have been proposed since the end of the reporting period - The Board does not recommend paying a final dividend for the years ended March 31, 2024 and 2025[37](index=37&type=chunk) - No dividends have been proposed since the end of the reporting period[37](index=37&type=chunk) [Earnings Per Share](index=15&type=section&id=4.10%20Earnings%20Per%20Share) For the year ended March 31, 2025, basic earnings per share were 8.45 HK cents and diluted earnings per share were 8.22 HK cents, both lower than the previous year, with diluted earnings calculations considering fair value changes of derivative financial instruments and convertible bond interest 2025 Fiscal Year Earnings Per Share Calculation | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | **Profit Data (HK$ thousand)** | | | | Profit for the year attributable to owners of the company used for basic EPS calculation | 37,078 | 45,598 | | Impact of dilutive potential ordinary shares (fair value change of derivative financial instruments) | (5,480) | – | | Impact of dilutive potential ordinary shares (interest on convertible bonds) | 6,205 | – | | Profit for the year attributable to owners of the company used for diluted EPS calculation | 37,803 | 45,598 | | **Number of Shares (thousand shares)** | | | | Weighted average number of ordinary shares in issue used for basic EPS calculation | 439,032 | 407,769 | | Impact of dilutive potential ordinary shares (share options) | 12,412 | 14,309 | | Impact of dilutive potential ordinary shares (convertible bonds) | 8,219 | – | | Weighted average number of ordinary shares used for diluted EPS calculation | 459,663 | 422,078 | | **Earnings Per Share (HK cents)** | | | | Basic | 8.45 | 11.18 | | Diluted | 8.22 | 10.80 | - The share option scheme in February 2025 had an anti-dilutive effect and was not included in the diluted earnings per share calculation[38](index=38&type=chunk) [Trade and Other Receivables](index=16&type=section&id=4.11%20Trade%20and%20Other%20Receivables) As of March 31, 2025, total trade and other receivables decreased to HK$94.07 million from HK$108 million last year, with trade receivables (net of impairment losses) increasing to HK$12.47 million, while broker and other deposits significantly reduced 2025 Fiscal Year Trade and Other Receivables Details | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade receivables (net of impairment) | 12,465 | 4,607 | | Other receivables | 18,722 | 24,696 | | Brokerage deposits | 3,125 | 14,298 | | Temporary receipts | 15,907 | 13,038 | | Prepayments | 26,525 | 15,196 | | Other deposits | 10,619 | 28,760 | | Education center renovation deposits | 1,980 | 2,480 | | Lease deposits | 4,727 | 5,469 | | **Total** | **94,070** | **108,544** | - The Group grants credit periods of **30 to 360 days** to customers (compared to 30 to 60 days in 2024)[40](index=40&type=chunk) - As of March 31, 2025, trade receivables within 30 days amounted to **HK$12.47 million**[41](index=41&type=chunk) [Other Payables and Accruals](index=17&type=section&id=4.12%20Other%20Payables%20and%20Accruals) As of March 31, 2025, total other payables and accruals significantly decreased to HK$23.75 million from HK$42.19 million last year, primarily due to a reduction in payables for the acquisition of subsidiaries, notably for Cui Yong Global Limited 2025 Fiscal Year Other Payables and Accruals Details | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Accrued staff salaries | 11,725 | 6,876 | | Other accrued expenses and payables | 3,104 | 6,396 | | Accrued interest on convertible bonds | 725 | – | | Payables for acquisition of KC Training Company Limited | 1,179 | – | | Payables for acquisition of Cui Yong Global Limited | 3,314 | 20,677 | | Payables for acquisition of Best Take Global Limited | 3,964 | 6,147 | | Payables for acquisition of Hong Kong International Professional Institute Limited | 914 | 914 | | **Total** | **23,746** | **42,189** | - The current portion amounted to **HK$19.48 million**, and the non-current portion was **HK$4.26 million**[42](index=42&type=chunk) [Management Discussion and Analysis](index=18&type=section&id=Management%20Discussion%20and%20Analysis) This section provides management's perspective on the Group's operational performance, financial condition, and future outlook, covering business segment reviews, prospects, and a detailed financial review [Business Review](index=18&type=section&id=5.1%20Business%20Review) Management reviewed the performance of the Group's six business segments, highlighting strong growth in financial and investment education and private supplementary education, significant increase in money lending interest income, challenges in OEM and retail, and active pursuit of property investment opportunities [Original Equipment Manufacturing Business](index=18&type=section&id=5.1.1%20Original%20Equipment%20Manufacturing%20Business) Despite a sluggish apparel consumer market, the company has no current intention to divest or scale down its OEM business and will continue to monitor market conditions while diversifying services to expand its customer base - The apparel consumer market has been sluggish in recent years[44](index=44&type=chunk) - The company currently has no intention to sell, terminate, or scale down its Original Equipment Manufacturing business[44](index=44&type=chunk) - The Group will continue to expand its customer base by diversifying its service offerings[44](index=44&type=chunk) [Retail Business](index=18&type=section&id=5.1.2%20Retail%20Business) The retail business was negatively impacted by China's economic slowdown and the shift to online shopping, prompting the Group to prudently restructure its sales network to adapt to consumer preferences and reduce operating costs - China's economic slowdown and the shift towards online shopping have negatively impacted the retail business[45](index=45&type=chunk) - The Group has restructured its sales network to adapt to online shopping preferences and reduce operating costs[45](index=45&type=chunk) [Money Lending Business](index=19&type=section&id=5.1.3%20Money%20Lending%20Business) For the year ended March 31, 2025, money lending interest income surged by 85.0% to HK$5.4 million, consistent with loan growth, and the Group anticipates improved Hong Kong business conditions will further stimulate demand while maintaining prudent risk management - Money lending business interest income was approximately **HK$5.4 million**, representing an **85.0%** year-on-year increase[46](index=46&type=chunk) - The increase in interest income is consistent with the growth in loans receivable during the period[46](index=46&type=chunk) - The Group will continue to prudently assess its risk management strategies to ensure a balance between risk and return[46](index=46&type=chunk) [Financial and Investment Education Business](index=19&type=section&id=5.1.4%20Financial%20and%20Investment%20Education%20Business) For the year ended March 31, 2025, financial and investment education business revenue grew by 17.2% to HK$216 million, reflecting increasing market demand, with a rebound in Hong Kong stocks expected to further boost demand, and the Group will continue to invest in expanding and enhancing this business - Financial and investment education business revenue was approximately **HK$216 million**, representing a year-on-year increase of approximately **17.2%**[47](index=47&type=chunk) - The strong performance highlights the growing customer demand for such educational products[47](index=47&type=chunk) - The Group will continue to invest in expanding and enhancing this business to strengthen customer relationships and diversify revenue streams[47](index=47&type=chunk) [Property Investment Business](index=19&type=section&id=5.1.5%20Property%20Investment%20Business) The Group actively seeks asset appreciation and stable cash flow returns in Hong Kong and Asia Pacific property markets, continuously assessing regional real estate dynamics, with management believing falling interest rates and supportive government policies will create additional investment opportunities - The Group actively seeks opportunities for asset appreciation and stable cash flow returns in the property markets of Hong Kong and the Asia Pacific region[48](index=48&type=chunk) - Management believes that falling interest rates and supportive government policies will bring additional potential investment opportunities to the Hong Kong property market[48](index=48&type=chunk) [Private Supplementary Education Business](index=20&type=section&id=5.1.6%20Private%20Supplementary%20Education%20Business) For the year ended March 31, 2025, private supplementary education business revenue increased by 25.4% to HK$122 million, with segment profit growing by 33.0% to HK$16.8 million, reflecting strong growth trajectory with multiple education centers established and registered in Hong Kong - Private supplementary education business revenue was approximately **HK$122 million**, representing a year-on-year increase of approximately **25.4%**[50](index=50&type=chunk) - Segment profit was approximately **HK$16.8 million**, representing a year-on-year increase of approximately **33.0%**[50](index=50&type=chunk) - The Group has established multiple education centers in Hong Kong and obtained school registration certificates[49](index=49&type=chunk) - The Group will continue to invest in and expand this business to capitalize on favorable market trends[50](index=50&type=chunk) - The Group's revenue primarily originates from six major business segments: Original Equipment Manufacturing, Apparel Retail, Money Lending, Financial and Investment Education, Property Investment, and Private Supplementary Education[43](index=43&type=chunk) [Prospects](index=20&type=section&id=5.2%20Prospects) The Group is highly optimistic about the prospects for financial and investment education and private supplementary education, planning continued investment and expansion into the China market, while prudently expanding money lending, diversifying OEM customer base, and closely monitoring retail consumer behavior with targeted promotions - Financial and Investment Education Business: Strategic resource allocation to expand market share and actively grow the customer base[52](index=52&type=chunk) - Private Supplementary Education Business: The Board is highly optimistic, firmly believing it will be a key driver for enhancing financial performance[53](index=53&type=chunk) - Private Supplementary Education Business intends to seize strategic cooperation opportunities to expand across China, benefiting from the Greater Bay Area Development Plan and increased recognition of HKDSE[53](index=53&type=chunk)[54](index=54&type=chunk) - Money Lending Business: Will expand with a prudent approach and balanced risk management[51](index=51&type=chunk) - Original Equipment Manufacturing Business: Committed to expanding its customer base, securing new orders and clients[51](index=51&type=chunk) - Retail Business: Closely monitoring consumer behavior and implementing targeted promotional activities[51](index=51&type=chunk) - The Group actively explores asset appreciation opportunities in the Hong Kong and Asia Pacific property markets and identifies high-potential investment opportunities to diversify revenue streams[52](index=52&type=chunk) [Financial Review](index=22&type=section&id=5.3%20Financial%20Review) The Group's 2025 fiscal year revenue increased by 20.6% to HK$343 million, driven by financial and investment education and private supplementary education, but significant increases in cost of sales and services, selling and administrative expenses, and finance costs led to a decrease in profit for the year [Revenue](index=22&type=section&id=5.3.1%20Revenue) Group revenue increased by 20.6% from HK$285 million in FY2024 to HK$343 million in FY2025, primarily driven by strong performance in financial and investment education (17.2% growth to HK$216 million) and private supplementary education (25.4% growth to HK$122 million) 2025 Fiscal Year Segment Revenue Contribution | Segment | 2025 Revenue (HK$ thousand) | Share (%) | 2024 Revenue (HK$ thousand) | Share (%) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Financial and Investment Education Business | 215,688 | 62.8 | 184,043 | 64.7 | +17.2% | | Private Supplementary Education Business | 122,051 | 35.6 | 97,331 | 34.2 | +25.4% | | Money Lending Business | 5,423 | 1.6 | 2,931 | 1.0 | +85.0% | | Original Equipment Manufacturing Business | – | 0.0 | 290 | 0.1 | -100.0% | | Retail Business | – | 0.0 | – | 0.0 | 0.0% | | Property Investment Business | – | 0.0 | – | 0.0 | 0.0% | | **Total Revenue** | **343,162** | **100.0** | **284,595** | **100.0** | **+20.6%** | [Cost of Sales and Services](index=23&type=section&id=5.3.2%20Cost%20of%20Sales%20and%20Services) Cost of sales and services increased by 26.1% to HK$156 million, slightly exceeding revenue growth, primarily due to increased indirect costs for online platforms and employee expenses, reflecting ongoing investment in quality education delivery and operational scalability - Cost of sales and services increased by **26.1%** to approximately **HK$156 million**[59](index=59&type=chunk) - The cost growth rate slightly exceeded the revenue growth rate, primarily driven by increased indirect costs for online platforms and employee expenses[59](index=59&type=chunk) [Expenses](index=23&type=section&id=5.3.3%20Expenses) Selling and administrative expenses increased by HK$25.3 million to HK$131 million, mainly due to share option expenses, higher staff costs in private supplementary education, and increased marketing and administrative expenses related to financial and investment education - Selling and administrative expenses increased by **HK$25.3 million** to approximately **HK$131 million**[60](index=60&type=chunk) - The increase was primarily due to share option expenses, higher staff costs in the private supplementary education business, and increased marketing and administrative expenses related to the financial and investment education business[60](index=60&type=chunk) [Other Gains and Losses, Net](index=23&type=section&id=5.3.4%20Other%20Gains%20and%20Losses%2C%20Net) Other gains and losses, net, resulted in a loss of HK$1.83 million, primarily comprising a net gain on acquisition of subsidiaries (HK$9.8 million), fair value gain on convertible bonds (HK$5.5 million), and goodwill impairment (HK$16.4 million), all considered non-recurring items - Other gains and losses, net, resulted in a loss of approximately **HK$1.83 million**[61](index=61&type=chunk) - This primarily includes a net gain on acquisition of subsidiaries (approximately **HK$9.8 million**), fair value gain on convertible bonds (approximately **HK$5.5 million**), and goodwill impairment (approximately **HK$16.4 million**)[61](index=61&type=chunk) - These items are considered non-recurring[61](index=61&type=chunk) [Finance Costs](index=23&type=section&id=5.3.5%20Finance%20Costs) Finance costs significantly increased by 202.8% to HK$7.2 million, primarily due to interest incurred on convertible bonds, which is considered a non-recurring item - Finance costs significantly increased by **202.8%** to approximately **HK$7.2 million**[62](index=62&type=chunk) - The increase was primarily due to interest on convertible bonds, which is considered a non-recurring item[62](index=62&type=chunk) [Profit for the Year](index=23&type=section&id=5.3.6%20Profit%20for%20the%20Year) The Group's profit for the year in FY2025 was HK$39.8 million, a decrease from HK$47.1 million in FY2024 - Profit for the year in FY2025 was approximately **HK$39.8 million**[63](index=63&type=chunk) - Profit for the year in FY2024 was approximately **HK$47.1 million**[63](index=63&type=chunk) [Liquidity, Financial and Capital Resources](index=24&type=section&id=Liquidity%2C%20Financial%20and%20Capital%20Resources) This section details the Group's capital structure, cash position, gearing ratio, exchange rate risk management, significant investments, and contingent liabilities, providing an overview of its financial health and resource management [Capital Structure](index=24&type=section&id=6.1%20Capital%20Structure) As of March 31, 2025, share capital increased to HK$0.228 million, and total equity attributable to owners of the company significantly grew to HK$427.5 million compared to the previous year Capital Structure | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Share Capital | 228 | 210 | +8.6% | | Equity attributable to owners of the company | 427,518 | 331,339 | +29.0% | [Cash Position](index=24&type=section&id=6.2%20Cash%20Position) As of March 31, 2025, the carrying amount of the Group's unpledged bank balances and cash significantly increased by 89.3% to HK$129.2 million - The carrying amount of unpledged bank balances and cash was approximately **HK$129.2 million**, representing an increase of approximately **89.3%** year-on-year[65](index=65&type=chunk) [Gearing Ratio](index=24&type=section&id=6.3%20Gearing%20Ratio) As of March 31, 2025, the Group's total borrowings, including convertible bonds, increased to HK$19.1 million, leading to a rise in the gearing ratio to 4.4% - Total borrowings (including convertible bonds) were approximately **HK$19.1 million**, a significant increase from HK$4.7 million last year[66](index=66&type=chunk) - The gearing ratio was approximately **4.4%**, an increase from 1.4% last year[66](index=66&type=chunk) [Exchange Rate Risk](index=24&type=section&id=6.4%20Exchange%20Rate%20Risk) The Group's business operations and assets and liabilities are primarily denominated in Hong Kong Dollars, and currently, no agreements or instruments have been entered into or purchased to hedge exchange rate risk - The Group's business operations and assets and liabilities are primarily denominated in Hong Kong Dollars[67](index=67&type=chunk) - Currently, no agreements have been entered into or instruments purchased to hedge exchange rate risk[67](index=67&type=chunk) [Significant Investments, Material Acquisitions or Disposals and Capital Asset Plans](index=24&type=section&id=6.5%20Significant%20Investments%2C%20Material%20Acquisitions%20or%20Disposals%20and%20Capital%20Asset%20Plans) For the year ended March 31, 2025, the Group held no significant investments, nor did it undertake any material acquisitions or disposals of subsidiaries and associates, and has no future plans for significant investments or capital assets, other than those disclosed in this announcement - No significant investments were held during the year[68](index=68&type=chunk) - No material acquisitions or disposals of subsidiaries and associates were undertaken during the year[68](index=68&type=chunk) - As of March 31, 2025, there were no future plans for significant investments or capital assets[68](index=68&type=chunk) [Contingent Liabilities and Capital Commitments](index=24&type=section&id=6.6%20Contingent%20Liabilities%20and%20Capital%20Commitments) As of March 31, 2025, the Group had no significant contingent liabilities or capital commitments - As of March 31, 2025, the Group had no significant contingent liabilities[69](index=69&type=chunk) - As of March 31, 2025, the Group had no significant capital commitments[70](index=70&type=chunk) [Employees and Remuneration Policies](index=25&type=section&id=Employees%20and%20Remuneration%20Policies) As of March 31, 2025, the Group had 144 employees, an increase from 116 last year, offering competitive remuneration and internal training to attract and retain talent, with the Remuneration Committee reviewing director and senior management compensation - As of March 31, 2025, the Group had **144 employees** (including directors), an increase from 116 last year[71](index=71&type=chunk) - The Group offers competitive remuneration packages (referencing market conditions, individual qualifications, and experience) and internal training programs[71](index=71&type=chunk) - Directors' and senior management's remuneration is reviewed by the Remuneration Committee and approved by the Board[71](index=71&type=chunk) [Legal Proceedings](index=25&type=section&id=Legal%20Proceedings) The Group recognized a provision of HK$1.735 million for a breach of contract lawsuit related to a former subsidiary's lease agreement, considering the amount a reliable estimate - The Group is involved in a breach of contract lawsuit where the plaintiff claims approximately **HK$1.735 million**[72](index=72&type=chunk) - The Group has recognized a provision of **HK$1.735 million**, as the directors believe an outflow of economic benefits is probable to settle the lawsuit[72](index=72&type=chunk) [Corporate Governance](index=25&type=section&id=Corporate%20Governance) This section details the Group's corporate governance framework, including the establishment and responsibilities of its Compliance Committee and Audit Committee, and adherence to securities transaction standards by directors [Compliance Committee](index=25&type=section&id=9.1%20Compliance%20Committee) The company established a Compliance Committee to oversee regulatory compliance with all applicable rules and regulations, comprising two independent non-executive directors and one executive director, with Mr. Chung Chin Kwan as chairman - The company established a Compliance Committee, effective from June 20, 2022[73](index=73&type=chunk) - The Compliance Committee is responsible for overseeing regulatory compliance with applicable laws[73](index=73&type=chunk) - The committee members include Mr. Chung Chin Kwan (Chairman), Mr. Chan Kim Fai (Independent Non-executive Director), and Mr. Yuen Yu Sum (Executive Director)[73](index=73&type=chunk) [Securities Transactions by Directors](index=28&type=section&id=9.2%20Securities%20Transactions%20by%20Directors) The Group adopted the required standard of dealings set out in the GEM Listing Rules as the code of conduct for directors' securities transactions, and each director confirmed full compliance for the year ended March 31, 2025, with no non-compliance issues - The Group has adopted the required standard of dealings as set out in Rules 5.48 to 5.67 of the GEM Listing Rules[81](index=81&type=chunk) - Each director confirmed full compliance with the required standard of dealings for the 2025 fiscal year, with no non-compliance issues[81](index=81&type=chunk) [Audit Committee](index=28&type=section&id=9.3%20Audit%20Committee) Established in 2014, the Audit Committee's primary responsibilities include recommending external auditors, reviewing financial statements, overseeing internal control procedures, and reviewing risk management systems, comprising three independent non-executive directors with Mr. Chan Kim Fai as chairman - The Audit Committee was established on September 25, 2014, with primary responsibilities including recommending external auditors, reviewing financial statements, and overseeing internal control and risk management systems[82](index=82&type=chunk) - The committee comprises three independent non-executive directors, with Mr. Chan Kim Fai as chairman[82](index=82&type=chunk) - The committee has reviewed and confirmed that the FY2025 financial statements comply with applicable accounting standards and the GEM Listing Rules[83](index=83&type=chunk) [Securities Investments Held by the Group](index=26&type=section&id=Securities%20Investments%20Held%20by%20the%20Group) For the year ended March 31, 2025, the Group held Hong Kong-listed equity securities, including HSBC Holdings, Simple New Life Group, and Far East Hotels and Entertainment, as well as investment funds, with Simple New Life Group being the largest investment but recording a fair value loss 2025 Fiscal Year Securities Investment Performance | Investment Name | Fair Value as at April 1, 2024 (HK$ thousand) | Net Additions/(Disposals) (HK$ thousand) | Net Fair Value Change (HK$ thousand) | Fair Value as at March 31, 2025 (HK$ thousand) | | :--- | :--- | :--- | :--- | :--- | | HSBC Holdings plc | 24 | – | 11 | 35 | | Simple New Life Group Limited | 1,966 | 9,367 | (249) | 11,084 | | Far East Hotels and Entertainment Limited | – | 1,792 | (517) | 1,275 | | Investment Fund (DiDi Global Inc.) | 1,346 | – | 2 | 1,348 | | **Total** | **3,336** | **11,159** | **(753)** | **13,742** | - The investment in Simple New Life Group Limited recorded an unrealized fair value loss of approximately **HK$249,000**[79](index=79&type=chunk) - The investment in Far East Hotels and Entertainment Limited recorded an unrealized fair value loss of approximately **HK$517,000**[79](index=79&type=chunk) - Unlisted equity investments (such as DiDi Global Inc.) are accounted for at cost less impairment, as their fair value cannot be reliably estimated[76](index=76&type=chunk) [Purchase, Sale or Redemption of Shares](index=27&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20Shares) For the year ended March 31, 2025, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's shares - During the year, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's shares[77](index=77&type=chunk) [Auditor's Scope of Work](index=29&type=section&id=Auditor's%20Scope%20of%20Work) The figures and notes for the Group's consolidated statement of financial position and consolidated statement of profit or loss and other comprehensive income for the year ended March 31, 2025, as presented in this announcement, have been agreed with the auditor, UHY (HK) CPA Limited, but their work does not constitute an assurance engagement, thus no opinion or assurance conclusion is expressed - The financial statement figures in this announcement have been agreed with the auditor, UHY (HK) CPA Limited[84](index=84&type=chunk) - The auditor's work does not constitute an assurance engagement, and therefore no opinion or assurance conclusion is expressed[84](index=84&type=chunk) [Board Approval and Publication](index=29&type=section&id=Board%20Approval%20and%20Publication) This announcement was issued by Mr. Yuen Yu Sum, Chairman and Executive Director, on behalf of the Board on June 27, 2025, and will be published on the Stock Exchange and company websites - This announcement was issued by Mr. Yuen Yu Sum, Chairman and Executive Director, on behalf of the Board on June 27, 2025[85](index=85&type=chunk)[86](index=86&type=chunk) - The announcement will be published on the Stock Exchange website and the company's website[87](index=87&type=chunk)

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 佈 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 會 就 因 本 公 佈 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。 LEGENDARY EDUCATION GROUP LIMITED 傳承教育集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8195） 董 事 會 會 議 延 期 舉 行 香 港，二 零 二 五 年 六 月 十 七 日 於 本 公 佈 日 期，董 事 會 成 員 包 括 兩 名 執 行 董 事 袁 裕 深 先 生（主 席）及 陳 立 展 先 生； 三 名 非 執 行 董 事 羅 永 聰 先 生、鄧 聲 興 博 士 及 麥 明 詩 女 士；以 及 三 名 獨 立 非 執 行 董 事 鍾 展 坤 先 生、陳 劍 輝 先 生 及 鍾 國 斌 先 生。 – 1 – 茲 提 述 傳 承 教 育 集 團 有 限 公 司 ...

Group 1 - The company, Transcend Education Group, is optimistic about the strong momentum in the cryptocurrency market driven by favorable policy changes and macroeconomic trends, leading to unprecedented growth in the virtual asset market and a surge in cryptocurrency prices [1] - The company plans to invest up to 30 million HKD in cryptocurrency to capitalize on the rising potential of the market and enhance shareholder returns, utilizing internal resources for this investment [1] - The investment will be conducted on regulated and licensed virtual asset trading platforms in the public market, adhering to the relevant regulations under the GEM Listing Rules [1] Group 2 - The company has established an Investment Committee effective from June 11, 2025, to strengthen investment decision-making and risk management processes, particularly regarding investments in cryptocurrency and virtual assets [2] - The Investment Committee will review suitable investments, investment strategies, and asset management, providing recommendations to the board [2] - The committee will evaluate and approve various investment opportunities presented by the management team [2]

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 佈 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公佈全部 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。 LEGENDARY EDUCATION GROUP LIMITED 傳 承 教 育 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8195） 自願性公佈 加密貨幣之潛在投資 及 成立投資委員會 本公佈乃由傳承教育集團有限公司（「本公司」，連同其附屬公司統稱為「本集團」） 自 願 刊 發 ， 以 向 本 公 司 股 東（「 股 東 」）及 潛 在 投 資 者 提 供 有 關 本 集 團 業 務 發 展 的 最新資料。 加密貨幣之潛在投資 於二零二四年，在有利的政策變化及宏觀經濟趨勢的推動下，虛擬資產市場出現 前 所 未 有 的 增 長 ， 加 密 貨 幣 價 格 飆 升 ， 並 錄 得 大 量 資 金 流 入 。 本 公 司 董 事 （「董事」）會（「董事會」）對加密貨幣市場的強勁勢頭持樂觀態度，此乃得益於支持 性監 ...

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 佈 之 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公佈全部 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。 LEGENDARY EDUCATION GROUP LIMITED 傳 承 教 育 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8195） 董事會會議日期 傳承教育集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此宣佈，董事會會議謹訂於二零二五年六月二十日（ 星期五 ）假座 香港觀塘駿業里8號世貿大樓5樓舉行，以商議下列事項： 主席兼執行董事 袁裕深 香港，二零二五年六月十日 – 1 – 1. 考慮及批准本集團截至二零二五年三月三十一日止年度之經審核綜合年度業 績（「年度業績」），並批准分別將於香港聯合交易所有限公司GEM（「GEM」）網 站及本公司網站發佈之年度業績公佈； 2. 考慮舉行本公司股東週年大會之日期、地點及通告； 3. 考慮派付末期股息（ 如有）； 4. ...