According to the Tianqi Model announcement, the company responded to the Shenzhen Stock Exchange review inquiry letter regarding the issuance of shares and payment of cash to purchase assets and raise supporting funds. This transaction is a merger of enterprises not under the same control. It is estimated based on test preparation. After the transaction is completed, it is expected to generate 334 million yuan in goodwill, of which 331 million yuan in goodwill was added to this transaction. If goodwill is reduced by 50%, net profit due to preparation for the exam in 2025 will drop to 115 million yuan, a year-on-year decrease of 58.90%. The company has fully indicated the risk of impairment of goodwill. Lixin Certified Public Accountants has verified that the basis for calculating goodwill is reasonable and complies with the requirements of corporate accounting standards.

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