DASHAN EDU (09986) intends to acquire a total of 52% equity stake in Spark Media International.

DASHAN EDU (09986) announced that on August 28, 2025, the company (as the buyer) entered into a sale and purchase agreement with the seller to acquire 52% of the shares in Spark Media International Limited for a total consideration of HK$104 million. The consideration will be paid by issuing and distributing consideration shares to the seller (and/or their nominees) at the issue price upon completion. The group intends to expand its diversified consulting services provided to entities, including brand operations and management, and other consulting services. Therefore, the group is committed to enhancing its brand operations and management capabilities, such as improving brand value and influence through brand empowerment, as well as promoting and marketing brands and products. In the first half of 2025, the group has expanded its brand portfolio in operations and management, covering two new beauty and health product brands. Meanwhile, the group actively explores opportunities to acquire companies engaged in brand operations and management or related businesses. The target group mainly operates through its subsidiaries in China. Considering the target group's expertise in brand empowerment, promotion, and operations in the beauty and health sector in China, as well as its rich operational experience and business resources, the Board believes that the acquisition will expand and enhance the group's capabilities in brand operations and management. The acquisition will leverage the respective strengths of the group and the target group, achieve complementary advantages and business synergies, expand the group's influence in brand operations and management, and contribute to the growth and success of the group's business.