第一条 为保证学大（厦门）教育科技集团股份有限公司（以下简称"公司"） 与关联人之间所发生的交易符合公平、公正、公开的原则，规范公司的关联交易， 保证公司各项业务通过合理、必要的关联交易得以顺利的开展，保障公司和全体 股东的合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》《深 圳证券交易所股票上市规则》（以下简称"《股票上市规则》"）《深圳证券交易所 上市公司自律监管指引第 1 号-主板上市公司规范运作》《深圳证券交易所上市公 司自律监管指引第 7 号——交易与关联交易》及《学大（厦门）教育科技集团股 份有限公司章程》（以下简称"公司章程"）的有关规定，结合公司实际情况，制 订本制度。 第二章 关联交易 第二条 公司的关联交易是指公司及其控股子公司与关联人之间发生的转移 资源或义务的事项，包括但不限于下列事项： （一）购买或出售资产； 关联交易管理制度 学大（厦门）教育科技集团股份有限公司 关联交易管理制度 （本制度经公司 2024 年 4 月 25 日召开的第十届董事会第十四次会议审议通过， 并经公司 2024 年 5 月 21 日召开的 2023 年年度股东大会审议通过） 第一章 总则 - ...

一、召开会议的基本情况 1．股东大会届次：2023年年度股东大会。 2．股东大会的召集人：公司董事会，本公司2024年4月25日召开的第十届董 证券代码：000526 证券简称：学大教育 公告编号：2024-043 学大（厦门）教育科技集团股份有限公司 关于取消 2023 年年度股东大会部分提案暨 2023 年年度股东大会补充通知的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 学大（厦门）教育科技集团股份有限公司（以下简称"公司"）于2024年4 月25日召开第十届董事会第十四次会议，审议通过了《关于召开2023年年度股东 大会的议案》，定于2024年5月21日下午14:30在北京市朝阳区樱辉科技中心4层 会议室召开2023年年度股东大会，详见公司在《证券时报》《中国证券报》及巨 潮资讯网（http://www.cninfo.com.cn）披露的《第十届董事会第十四次会议决 议公告》（公告编号：2024-016）、《关于召开2023年年度股东大会的通知》（公 告编号：2024-031）。 公司于2024年5月16日召开第十届董事会第十五次会议，审议通过 ...

第十届董事会第十五次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 学大（厦门）教育科技集团股份有限公司（以下简称"公司"）第十届董事 会第十五次会议通知已于 2024 年 5 月 15 日以电子邮件方式送达全体董事，本次 会议于 2024 年 5 月 16 日上午 10:00 以现场结合通讯方式召开。本次会议应参加 表决董事 6 人，实际参加表决董事 6 人，会议由董事长金鑫先生主持。公司监事 和高级管理人员列席了本次会议。本次会议的召开符合《中华人民共和国公司法》 等有关法律、法规、规范性文件和《公司章程》的有关规定。 二、董事会会议审议情况 证券代码：000526 证券简称：学大教育 公告编号：2024-042 学大（厦门）教育科技集团股份有限公司 具体内容详见公司同日刊载于《中国证券报》《证券时报》和巨潮资讯网 （www.cninfo.com.cn）《关于取消 2023 年年度股东大会部分提案暨 2023 年年 度股东大会补充通知的公告》。 三、备查文件 《公司第十届董事会第十五次会议决议》。 特此公告。 学大（厦 ...

Financial Data and Key Metrics Changes - The company's revenue from K12 extracurricular academic training remains focused, with approximately 70% of business coming from high school stage training in 2023, maintaining a growth rate of around 66% [1][2] - The company has successfully maintained its core capabilities in traditional business despite policy changes, with non-one-on-one business contributing about 20% of revenue from traditional campuses [2] Business Line Data and Key Metrics Changes - The full-time training base business has shown a revenue contribution of over 10% in both 2023 and the first quarter, with 32 full-time training bases established nationwide [5] - The vocational education segment is divided into two main parts: academic and non-academic, with a focus on middle vocational education, aiming to shift the employment-oriented output to a higher education goal [6][7] Market Data and Key Metrics Changes - The competitive landscape indicates that while policies have relaxed, the supply side changes will take time, and demand will not immediately shift to new educational resources, benefiting leading companies more than smaller institutions [3][4] Company Strategy and Development Direction - The company aims to stabilize regulatory confidence and ensure long-term growth, focusing on steady rather than rapid expansion during this transitional period [4][27] - The strategy includes exploring new educational policies and opportunities in vocational education, particularly in middle vocational education, to adapt to changing market demands [6][7] Management's Comments on Operating Environment and Future Outlook - Management believes that the current operating environment is clearer, with a focus on maintaining regulatory confidence and gradually entering a period of actual growth capability [27][12] - The management anticipates that the upcoming policy changes will not lead to significant supply-demand mismatches in the short term, with a more favorable environment for leading companies [25][12] Other Important Information - The company has established its own basic education institutions, contributing approximately 5% of revenue in 2023, alongside other smaller segments like a cultural reading brand and educational integration for youth with learning disabilities [9] - The management has indicated that the upcoming policy changes will likely be finalized around July, which is expected to be a crucial period for the education training industry [15][12] Q&A Session Summary Question: What is the outlook for policies? - Management feels that while there is a sense of relaxation, it is essential not to overstate the situation, as there are no clear regulations indicating a significant shift in policy [9][12] Question: Will there be further contractionary policies? - Management believes that while there will be emphasis on existing policies, the boundaries are clear, and significant changes are not expected [12] Question: What is the current status of one-on-one tutoring? - The company maintains that its core competency lies in one-on-one tutoring, which still constitutes about 70% of its business, with plans to gradually incorporate more group classes [17] Question: How does the company view its repayment ability? - The company has successfully repaid a significant portion of its debt, with nearly 30 billion repaid from an original principal of 23.6 billion [29] Question: What is the average salary of teachers? - Teacher compensation accounts for approximately 35% of total revenue, with overall personnel costs making up over 50% of total expenses [31] Question: What is the pricing strategy for different educational services? - The pricing varies significantly by region, with one-on-one tutoring averaging around 320, while full-time education costs range from 30,000 to 50,000 [41]

证券代码：000526 证券简称：学大教育 公告编号：2024-040 学大（厦门）教育科技集团股份有限公司 关于使用闲置募集资金进行现金管理到期赎回的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 学大（厦门）教育科技集团股份有限公司（以下简称"公司"）第十届董事 会第五次会议、2022年年度股东大会审议通过了《关于使用闲置募集资金进行现 金管理的议案》，同意公司使用额度不超过3亿元（含本数）的闲置募集资金进行 现金管理，用于投资安全性高、流动性好、发行主体为有保本承诺的金融机构的 结构性存款、定期存款、大额存单等现金管理类产品，有效期自股东大会审议通 过之日起12个月内。在上述额度及有效期内，资金可循环滚动使用，并授权公司 管理层行使投资决策权并签署相关法律文件，具体事项由公司财务部组织实施。 具体内容请详见公司刊载于指定信息披露媒体的《关于使用闲置募集资金进行现 金管理的公告》（公告编号：2023-011）。 一、关于使用闲置募集资金进行现金管理到期赎回的情况 公司全资子公司北京学大信息技术集团有限公司（以下简称"学大信息"） 使用暂时闲置募集资金 ...

一、基本情况概述 证券代码：000526 证券简称：学大教育 公告编号：2024-039 学大（厦门）教育科技集团股份有限公司 关于借款事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 公司将持续关注借款事项的相关进展并及时履行信息披露义务。公司指定信 息披露媒体为《中国证券报》《证券时报》及巨潮资讯网 （http://www.cninfo.com.cn/），公司所有信息均以在上述指定媒体刊登信息为准。 特此公告。 学大（厦门）教育科技集团股份有限公司 董 事 会 2024 年 5 月 6 日 经学大（厦门）教育科技集团股份有限公司（以下简称"公司"）第十届董 事会第七次会议、2022年年度股东大会审议通过，同意公司与西藏紫光卓远科技 有限公司（曾用名：西藏紫光卓远股权投资有限公司，以下简称"紫光卓远"） 签署《展期协议书三》，紫光卓远同意就人民币10.14亿元相关债权继续向公司 展期，展期期限自2023年9月30日起至2025年12月31日止，展期借款利率为4.35%/ 年。 公司已向紫光卓远偿还上述《展期协议书三》项下的借款本金人民币5.5亿 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 68.12 CNY per share, reflecting an expected performance that exceeds the market by more than 15% over the next 12 months [32][40]. Core Insights - The company has shown significant growth in personalized education and is actively expanding into vocational education, with nearly 240 personalized learning centers across over 100 cities and more than 30 full-time training bases nationwide. The education training business is expected to benefit from the recovery of offline demand and an optimized competitive landscape, projecting a revenue of 2.15 billion CNY for 2023, a year-on-year increase of 24.1% [2][39]. - The company's profitability has improved significantly, with a gross margin of 36.4% in 2023, up 9.2 percentage points year-on-year. The overall gross margin for 2023 and Q1 2024 improved by 8.5 and 2.0 percentage points, respectively, benefiting from enhanced efficiency in network and teacher capacity [2][39]. - The report forecasts substantial growth in net profit, projecting 2.77 billion CNY for 2024, with a year-on-year growth rate of 80.3%. The earnings per share (EPS) is expected to reach 2.27 CNY in 2024, with a price-to-earnings (P/E) ratio of 28.04 [10][40]. Financial Summary - The company reported a revenue of 2.21 billion CNY for 2023, a 23.1% increase year-on-year, and a net profit of 154 million CNY, reflecting a staggering growth of 1,035.2% [39]. - For Q1 2024, the company achieved a revenue of 710 million CNY, a 36.0% increase year-on-year, with a net profit of 50.2 million CNY, up 886.4% [39]. - The projected revenues for 2024, 2025, and 2026 are 2.83 billion CNY, 3.49 billion CNY, and 4.22 billion CNY, respectively, indicating a consistent growth trajectory [10][39].

Investment Rating - The report upgrades the investment rating of the company to "Buy" [12] Core Views - The company achieved a significant improvement in profitability, with a net profit of 154 million yuan in 2023, representing a year-on-year increase of 1035.2% [2][14] - The education training service revenue reached 2.15 billion yuan in 2023, up 24.1% year-on-year, driven by strong demand and a shortage of quality supply in the K12 education sector [2][6] - The company is expected to benefit from the ongoing high demand in the education sector, with contract liabilities increasing to 1 billion yuan by the end of Q1 2024, reflecting a 23.5% increase [2][10] Financial Performance Summary - In 2023, the company reported total revenue of 2.213 billion yuan, a 23.1% increase from the previous year, and a net profit of 154 million yuan, which aligns with prior forecasts [2][14] - The gross margin for the education training business reached a record high of 36.4%, up 9.2 percentage points year-on-year, indicating improved operational efficiency [6][27] - The company’s net profit margin improved to 7.0%, an increase of 6.2 percentage points compared to the previous year [2][16] Future Earnings Forecast - The forecast for net profit is adjusted upward to 276 million yuan for 2024 and 362 million yuan for 2025, reflecting increases of 50% and 61% respectively [17] - The report introduces a new forecast for 2026, estimating a net profit of 474 million yuan, with corresponding dynamic PE ratios of 29, 22, and 17 times for 2024, 2025, and 2026 respectively [17][5] Market Position and Strategy - The company is positioned as a leading player in the K12 education training sector, benefiting from a competitive landscape characterized by high demand and limited quality supply [17] - The appointment of the founder, Jin Xin, as chairman is expected to enhance the company's strategic focus and operational efficiency [2][29]

学大（厦门）教育科技集团股份有限公司 关于未弥补亏损超过实收股本总额三分之一的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 学大（厦门）教育科技集团股份有限公司（以下简称"公司"）第十届董事会 第十四次会议审议通过了《关于未弥补亏损超过实收股本总额三分之一的议案》， 本议案尚需提交公司股东大会审议。现将有关情况公告如下： 一、基本情况 经大华会计师事务所（特殊普通合伙）审计，截至 2023 年 12 月 31 日，公 司合并口径未分配利润约为-3.89 亿元，公司实收股本约为 1.22 亿元，未弥补 亏损已超过公司实收股本总额的三分之一。 《关于未弥补亏损超过实收股本总额三分之一的议案》已经公司第十届董事 会第十四会议审议通过，将提交公司 2023 年年度股东大会审议。 证券代码：000526 证券简称：学大教育 公告编号：2024-021 二、未弥补亏损超过实收股本总额三分之一的主要原因 公司2023年度归属于母公司所有者的净利润约为1.54亿元，与上年同期相比 增长1035.24%，但受历史年度未分配利润为负的影响，本年度未弥补亏损金额仍 超过实收 ...

一、日常关联交易基本情况 证券代码：000526 证券简称：学大教育 公告编号：2024-023 学大（厦门）教育科技集团股份有限公司 关于 2024 年度日常关联交易预计的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 （一）日常关联交易概述 1、学大（厦门）教育科技集团股份有限公司（以下简称"公司"）（含控股 子公司）预计 2024 年度公司（含控股子公司）与关联方将发生销售商品、提供 劳务、服务、提供租赁以及采购商品、接受劳务、服务、采购租赁等业务预计发 生金额合计不超过 2500 万元。2023 年，公司（含控股子公司）与关联方发生此 类关联交易的金额约为 500 万元。 2、公司于 2024 年 4 月 25 日召开第十届董事会第十四次会议，以 5 票同意、 0 票反对、0 票弃权的表决结果审议通过《关于 2024 年度日常关联交易预计的议 案》，公司关联董事廖春荣先生对该议案予以回避表决。本议案在提交董事会审 议前已经公司 2024 年第 1 次独立董事专门会议审议通过。 该日常关联交易预计金额在董事会决策权限范围内，无需提交股东大会审议。 ...