Group 1 - The company has noted that some non-profit private schools have been approved by relevant government departments to apply for registration as for-profit private schools, indicating a shift in the market landscape [1] - The company plans to timely register its three schools as for-profit private schools and will discuss with regulatory authorities to clarify the detailed local rules and regulations regarding this transition [1] - Due to the uncertainty surrounding the detailed local rules and regulations, the company is unable to fully assess or quantify the potential impact of transforming its three schools into for-profit private schools [1] Group 2 - The company acquired the land it occupies through public bidding conducted by the Chinese government, and the board believes that there will be no additional costs incurred for the land currently occupied by the group [1] - As of the announcement date, the total building area occupied by the group is 2,099,381.14 square meters [1] - The board believes that the intention to transition to for-profit private schools aligns with the overall interests of the company and its shareholders [1]