DASHAN EDU (09986) completes the acquisition of 52% equity stake in Spark Media International.

DASHAN EDU (09986) announced the acquisition of 52% of the equity of Spark Media International. All the preconditions under the purchase agreement (as amended and supplemented) have been met, and the transaction was completed on December 1, 2025, in accordance with the terms of the purchase agreement. As a result, the company holds 52.0% of the target company's equity, Seller A holds 18.8%, and Seller B holds 29.2%. Furthermore, under the purchase agreement, the company issued and distributed 60 million new shares to Seller A at a price of HK$1.04 per share as consideration A, and issued and distributed 40 million new shares to Seller B at a price of HK$1.04 per share as consideration B.