Neutech Group Limited — Capital/Financing Update 2021

Sep 27, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [255 x 79] intentionally omitted <==

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 9616)

VOLUNTARY ANNOUNCEMENT OPERATIONAL UPDATE ON THE GROUP’S BUSINESS

This announcement is made by Neusoft Education Technology Co. Limited (the “ Company ”, together with its subsidiaries and consolidated affiliated entities, the “ Group ”) on a voluntary basis to inform the shareholders and potential investors of the Company of the latest operational update on the Group’s business.

The Group operates three types of business: (i) full-time formal higher education services; (ii) continuing education services; and (iii) education resources and apprenticeship programme. The board of directors of the Company (the “ Board ”) is pleased to announce that, as of 26 September 2021, the three universities of the Group, namely Dalian Neusoft University of Information ( 大連東軟信息學院 ) (“ Dalian University ”), Chengdu Neusoft University ( 成 都東軟學院 ) (“ Chengdu University ”) and Neusoft Institute, Guangdong ( 廣東東軟學院 ) (“ Guangdong University ”, together with Dalian University and Chengdu University, the “ Three Universities ”) have all reopened and have completed new student registration work for the 2021/2022 school year.

As of 26 September 2021, the number of new student registration in the Three Universities under the group for the 2021/2022 school year reached 14,979, representing an increase of approximately 17.4% compared with 12,761 for the 2020/2021 school year (as of 18 October 2020). The latest number of student enrolment in the Three Universities under the Group for

– 1 –

the 2021/2022 school year after new student registration (as of 26 September 2021) and for the 2020/2021 school year (as of 18 October 2020) are set out as follows:

Student EnrolmentDalian UniversityChengdu UniversityGuangdong UniversityTotal	2021/2022School Year(as of26 September 2021)16,89716,24512,51545,657	2020/2021School Year(as of18 October 2020)15,56513,13610,72239,423	Percentageof Change8.6%23.7%16.7%15.8%

The Board considers that the increase in the number of new student registration and student enrolment is mainly benefitting from the strong market demands for quality education and the increasing market influence of the Three Universities under the Group. In the future, the Group will attract and recruit more high-quality students by insisting on high quality of school operation, expanding our campus to increase its capacity and also establishing more new majors and courses based on market demands.

The Board hereby reminds the shareholders and potential investors of the Company that the above announcement is made based on unaudited operational data of the Group and the information to the extent available to the Group and such data or information has not been audited or reviewed by the Company’s auditor or the Company’s audit committee. Differences may arise between such figures and the disclosure in subsequent results announcements, financial reports and/or other relevant corporate materials.

The Company’s shareholders and potential investors are cautioned not to unduly rely on such figures and advised to exercise caution when dealing in the shares of the Company.

By order of the Board

NEUSOFT EDUCATION TECHNOLOGY CO. LIMITED Dr. LIU Jiren

Chairperson and non-executive director

Hong Kong, 27 September 2021

As of the date of this announcement, the Board comprises Dr. LIU Jiren as Chairperson and non-executive Director; Dr. WEN Tao as executive Director; Mr. RONG Xinjie, Dr. YANG Li, Dr. ZHANG Yinghui and Mr. SUN Yinhuan as non-executive Directors (aside from our Chairperson); and Dr. LIU Shulian, Dr. QU Daokui and Dr. WANG Weiping as independent non-executive Directors.

– 2 –