HK Stock Market Move | LEADER EDU (01449) has fallen over 5% during the trading session, as its controlling shareholder plans to sell approximately 29.9% of the company's shares.

LEADER EDU (01449) fell over 5% during the trading session after briefly rising more than 7% earlier. As of the time of writing, it has dropped by 5.39%, trading at HKD 1.435, with a transaction volume of HKD 7.893 million. In news, on September 3, LEADER EDU announced that its board of directors learned that on September 2, 2026, Shuren Education Ltd. (Shuren), as the controlling shareholder of the company, entered into a sale agreement with Scienjoy Innovation Labs Inc. (Scienjoy), with Ms. Dong Ling acting as guarantor. The agreement concerns the potential sale of 239 million shares of the company for approximately HKD 103 million. According to the sale agreement, Shuren has conditionally agreed to sell, and Scienjoy has conditionally agreed to purchase 239 million shares, which represents about 29.9% of the company's issued share capital as of the date of the agreement. Scienjoy is a limited company registered in the British Virgin Islands and is wholly owned by Scienjoy Holding Corporation, which is a publicly listed company on NASDAQ under the stock code "SJ." According to its publicly disclosed information, Scienjoy Holding Corporation has been advancing the integration of artificial intelligence, mixed reality, and other technologies with its digital content and lifestyle platform business. The board has learned that Scienjoy's acquisition of the sale shares is a strategic investment.