Shijiao International Holdings Limited (the “Company”) published its 2024 Interim Report, which shows that the Company continues to invest in universities, improve academic conditions, and further increase the capacity of educators to improve teacher quality. During the reporting period, the Company invested funds and resources to build new campuses, expand facilities, purchase teaching facilities and beautify the campus environment. In addition, the company actively promoted international education cooperation, accelerated the development of internationalized talent. During the reporting period, the company invested more than $1 billion in training and hardware construction, more than 50 new laboratories, and more than 20 new professions. New enrolments exceeded 10,000 for the first time in the 2023—2024 school year, setting a new all-time high. However, after the reporting period, the...Show More

Shijiao International Holdings Limited (the “Company”) published its 2024 Interim Report, which shows that the Company continues to invest in universities, improve academic conditions, and further increase the capacity of educators to improve teacher quality. During the reporting period, the Company invested funds and resources to build new campuses, expand facilities, purchase teaching facilities and beautify the campus environment. In addition, the company actively promoted international education cooperation, accelerated the development of internationalized talent. During the reporting period, the company invested more than $1 billion in training and hardware construction, more than 50 new laboratories, and more than 20 new professions. New enrolments exceeded 10,000 for the first time in the 2023—2024 school year, setting a new all-time high. However, after the reporting period, the company received a liquidation petition filed by a bank with the Court of First Instance of the High Court of the Hong Kong Special Administrative Region on 27 March 2024, indicating that the company was facing financial pressure. For the six months ended February 29, 2024, the Company recorded net current liabilities of approximately RMB6,548,036 thousand, but a profit of RMB239,710 thousand for the period, and plans to improve liquidity and cash flow to maintain operations.