According to China Public Education's announcement, the 22.443,900 company shares held by the controlling shareholder and concerted actor Lu Zhongfang will be publicly auctioned by the Qinghai Mutual Aid Turkish Autonomous County People's Court on the Taobao Judicial Auction Platform from November 16 to November 17, 2026. The reason for the auction was a debt transfer dispute. This auction is still in the announcement stage. There is a risk that it will end up being sold, and there is uncertainty about whether it will eventually succeed. As of the disclosure date of the announcement, 100% of the shares held by the controlling shareholder and its co-actors had been judicially frozen and marked. The total number of pledged shares accounted for 59.06% of their shares. There is a risk of subsequent judicial disposition or affecting the stability of the company's control rights. The auction did not have a significant adverse impact on corporate governance and daily operations for the time being.

According to China Public Education's announcement, the 22.443,900 company shares held by the controlling shareholder and concerted actor Lu Zhongfang will be publicly auctioned by the Qinghai Mutual Aid Turkish Autonomous County People's Court on the Taobao Judicial Auction Platform from November 16 to November 17, 2026. The reason for the auction was a debt transfer dispute. This auction is still in the announcement stage. There is a risk that it will end up being sold, and there is uncertainty about whether it will eventually succeed. As of the disclosure date of the announcement, 100% of the shares held by the controlling shareholder and its co-actors had been judicially frozen and marked. The total number of pledged shares accounted for 59.06% of their shares. There is a risk of subsequent judicial disposition or affecting the stability of the company's control rights. The auction did not have a significant adverse impact on corporate governance and daily operations for the time being.