• Wisdom Education lost contractual control over Guangdong Guangzheng and its subsidiaries from September 1, 2021, under China's private education regulations.
• The rules prohibit contractual control of private schools providing compulsory education, barring their related-party transactions.
• The affected entities ceased to be consolidated into the group's financial statements from September 1, 2021.
• Related undertakings on Chinese citizenship and controlling voting rights also ceased; legal advisers see no impact on existing mainland operations' legality.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wisdom Education International Holdings Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261030-12389984), on October 30, 2026, and is solely responsible for the information contained therein.