ATA Creativity Global Announces Closing of Registered Direct Offering of its ADSs

Core Viewpoint - ATA Creativity Global ("ACG") has successfully closed a registered direct offering of American Depositary Shares (ADSs), raising approximately US$8.85 million in gross proceeds [1] Group 1: Offering Details - The company sold 11,067,547 ADSs, each representing two common shares, at a purchase price of US$0.80 per ADS, which is equivalent to US$0.40 per common share [1] - The offering was conducted under a subscription agreement dated November 17, 2025, involving three investors [1] - The gross proceeds received by the company from this issuance were approximately US$8.85 million before deducting offering expenses [1]