Guangzhou Wahlap Technology Corporation Vocational College plans to invest about 37.7074 million yuan to acquire properties near the Yunfu campus.

CHI SCI&EDU IND (01756) announced that on August 21, 2026 (after trading hours), the buyer Guangzhou Wahlap Technology Corporation Vocational College (a related entity included in the companys consolidated accounts) has entered into a property transfer agreement with the seller Guangdong Huali Yuan Technology Co., Ltd. The buyer intends to acquire the properties from the seller for approximately RMB 37,707,400. These properties are intended to be used as student dormitories for the buyer. The properties consist of two six-story buildings located at No. 55, Yunxiang Avenue, Du Yang Town, Yun'an District, Yunfu City, Guangdong Province, China, which are designated for use as student dormitories, with a total construction area of 10,500.54 square meters (including Building 1 with a gross floor area of 5,250.27 square meters and Building 2 with a gross floor area of 5,250.27 square meters). These properties are adjacent to the buyers Yunfu campus and are planned for use as student dormitories. Building 2 is currently subject to a lease agreement between the seller and the group, which runs from March 1, 2025, to February 29, 2028, with a monthly rent of RMB 126,006.48. The board of directors believes that the acquisition will enable the group to expand and enhance student accommodation around its existing campuses. Providing suitable student housing is an important supporting service for the group's educational operations, helping to improve student convenience, campus management, and the overall student experience. Given the geographical location of the properties, the directors believe that they are well-suited to integrate with the group's existing school operations and will create operational synergies with the group's current educational services. The board also anticipates that as the group continues to develop its educational business, the demand for student accommodation will remain stable and may potentially grow. The acquisition will allow the group to secure long-term facilities for student accommodation, reducing reliance on external housing arrangements and providing greater flexibility in managing student accommodation resources. Furthermore, given that the boarding fees collected by the group are expected to increase in the future, the directors believe that the acquisition will expand the groups revenue base and make a positive contribution to the long-term development of the group's business.