Zhonggong Education: Major shareholder Wang Zhendong is forced to sell 0.86% of the company's shares.

In an announcement by Zhonggong Education, due to a dispute over a loan agreement between shareholder Wang Zhendong and other parties, the Intermediate People's Court of Taiyuan City, Shanxi Province, has requested that Huatai Securities forcibly sell 53.3 million shares of the company owned by Wang Zhendong, accounting for 0.86% of the total share capital of the company. After this disposal is completed, Wang Zhendong's shareholding ratio will decrease from 6.05% to 5.19%. Wang Zhendong has been judicially forced to sell a total of 142.5 million shares of the company, accounting for 2.31% of the total share capital of the company. This disposal will not have a significant impact on the company's governance structure, equity structure, and ongoing operations.