A disclosure from the Hong Kong Stock Exchange reveals that on August 3, Virscend Education Company Limited (the "Company") repurchased 2,000,000 of its own shares at a price of HKD 0.195 per share, for a total value of HKD 390,000. This transaction was conducted for the purpose of holding the shares as treasury stock.

Following this repurchase, the total number of shares in which executive chairman and director Yan Yude is deemed to hold an interest stands at approximately 1.442 billion, representing a 46.68% stake in the company. The transaction also involves other related parties, including Wang Xiaoying.

Under the Securities and Futures Ordinance (SFO), because Yan Yude controls more than one-third of the voting power at the company's general meetings, he is considered to have an interest in the treasury shares repurchased by Virscend Education. Consequently, there has been an increase in the number of shares in which the director's spouse is also deemed to be interested, due to the company's repurchase of shares for holding as treasury stock.