Core Viewpoint - JIADE LIMITED has entered into a non-binding strategic cooperation memorandum of understanding with Chinalink Education Group to explore cross-border investment opportunities in high-growth technology sectors, particularly focusing on Korean technology enterprises with scalable business models and international expansion potential [1][3]. Group 1: Strategic Cooperation - The MOU aims to build upon the existing cross-border cooperation framework with Chinalink, reflecting JIADE's efforts to expand its international presence and engage with technology-driven growth opportunities [2]. - The collaboration will focus on identifying and investing in Korean technology companies that may pursue international capital market opportunities, including those preparing for a potential U.S. initial public offering [3]. Group 2: Investment Focus - The strategic cooperation may lead to the formation of a capital pool of up to US$5 million to support equity investments in selected Korean technology companies [6]. - Areas of focus include AI-integrated industries such as intelligent robotics, AI-powered education platforms, and cross-border digital education infrastructure [6]. Group 3: Company Overview - JIADE LIMITED provides comprehensive education support services for adult education institutions in China, offering software-driven solutions centered around the Kebiao Technology Educational Administration Platform [4]. - The company has supported over 17 adult education institutions and approximately 80,000 students across China [4].

Group 1 - The core idea of adult education is to enhance the professional practice abilities and advanced technology skills of adults, facilitating their integration into social and economic development, especially through digital transformation in the context of rapid technological advancement and increasing work pressure [1] - The government and adult education institutions should collaborate to create an "AI+" collaborative education ecosystem, focusing on improving digital literacy among the population and integrating adult education into smart education platforms [2] - A data-driven digital adult learning community should be established, integrating physical, digital, and social spaces to gather various educational resources, ensuring that different student needs are met [3] Group 2 - Utilizing AI large models can innovate adult education teaching methods, helping students build a comprehensive knowledge system and engage in self-directed and collaborative learning [4] - A vertical model for adult education data should be created at provincial, municipal, and county levels, allowing for personalized educational plans based on aggregated student data [5] - The integration of digital technology with traditional adult education models can enhance service capabilities through a three-dimensional evaluation model that includes self-assessment, peer collaboration, and algorithmic evaluation [6]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 reached RMB 539 million, representing a 9.5% year-over-year increase, driven by strong demand and course offerings [6][14] - Net income surged to RMB 126.6 million, with a net margin of 23.5%, marking a 154% increase year-over-year and a 158.5% sequential jump [6][20] - The company achieved 17 consecutive quarters of profitability, demonstrating resilience in its strategy and operational execution [16] Business Line Data and Key Metrics Changes - Interest-based courses contributed 78% of total revenue this quarter, with new student enrollments exceeding 300,000 [15][17] - Non-degree programs, including professional certifications and interest-based courses, accounted for 77.6% of total revenue, with interest-based learning showing over 15% year-over-year growth [9][15] - The company has built a private user base of tens of millions, converting over 1 million into paying users, with high completion and repurchase rates [10][15] Market Data and Key Metrics Changes - The adult education market in China is expected to exceed RMB 1 trillion by 2027, with a five-year CAGR of 12.6%, and online education projected to grow at 17.3% [8] - The focus on the silver demographic (ages 15 to 75) has emerged as a high-potential audience, with significant engagement metrics reported [10][12] Company Strategy and Development Direction - The company is transitioning from a degree-centric approach to a three-pillar model focusing on degree programs, professional skills, and interest-based learning [8][9] - The strategic shift towards the silver economy and intelligent personalization powered by AI positions the company to lead in senior education [12][16] - Future plans include broadening the course portfolio, enhancing course structure, and improving the learning experience [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating uncertainty and emphasized the importance of generating high-quality earnings and scaling operational efficiency [16] - The outlook for 2025 anticipates net revenues between RMB 500 million to 520 million, reflecting a year-over-year increase of 1.8% to 5.8% [21] Other Important Information - Cash and cash equivalents as of June 30, 2025, were RMB 586.7 million, an increase from RMB 507.2 million at the end of 2024 [21] - Deferred revenue balance decreased to RMB 814.3 million from RMB 915.5 million as of December 31, 2024 [21] Q&A Session Summary - No questions were raised during the Q&A session, leading to the conclusion of the call [22][23]

TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on February 15, 2024 Registration No. 333-276283 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 JIADE LIMITED (Exact name of registrant as specified in its charter) 8200 Cayman Islands (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Not Applicable (I.R.S. ...