China New Higher Education Group Limited (New Higher Edu) has confirmed that the previously announced disposal of its entire equity interest in an unnamed target company constitutes a major transaction under Hong Kong Listing Rules.
The Group originally planned to distribute a circular containing full details of the disposal to shareholders on or before 22 June 2026. Additional preparation time is required, and the company has applied to the Hong Kong Stock Exchange for a waiver to extend the despatch deadline to on or before 6 July 2026.
Chairman Li Xiaoxuan signed the announcement dated 22 June 2026. The board currently comprises three executive directors—Li Xiaoxuan, Zhao Shuai and Chan Tung Hoi—alongside three independent non-executive directors: Kwong Wai Sun Wilson, Dr. Pang Tsz Kit Peter and Wong Ka Ki Ada.
No further financial figures or transaction terms were disclosed in the announcement.