China General Education seeks price cut in target acquisition as profit goal looks out of reach

• China General Education Group’s acquisition target is unlikely to meet a RMB 26 million net profit condition for FY2026 (Sep. 1, 2025–Aug. 31, 2026).
• Shortfall could prevent full settlement of the second-tranche payment, which is tied to the profit target and auditor confirmation.
• Buyer and vendors agreed in principle that the purchase price should be reduced, reflecting weaker performance and valuation assumptions.
• Negotiations are under way on the size of the cut and revised payment terms; no binding supplemental agreement has been signed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China General Education Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260823-12295312), on August 23, 2026, and is solely responsible for the information contained therein.