Neutech Group Limited — M&A Activity 2021

Jun 1, 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.

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 9616)

VOLUNTARY ANNOUNCEMENT IN RELATION TO THE COMPLETION OF THE ACQUISITION OF 19.18% EQUITY INTEREST IN THE TARGET COMPANY

This announcement is made by Neusoft Education Technology Co. Limited (the “ Company ”) on a voluntary basis. References are made to (i) the announcement of the Company dated 19 November 2020 in relation to the potential acquisition of certain equity interest in the Target Company; (ii) the announcement of the Company dated 25 February 2021 in relation to the discloseable and connected transaction in relation to the acquisition of 13.25% equity interest in the Target Company and (iii) the announcement of the Company dated 10 May 2021 in relation to the discloseable transaction in relation to the acquisition of 5.93% equity interest in the Target Company (collectively the “ Announcements ”). Unless otherwise defined herein, capitalised terms in this announcement shall have the same meanings as those defined in the Announcements.

The Board is pleased to announce that the completion conditions set out in the Announcements have been fulfilled. The Company has completed the relevant industrial and commercial registration, and has therefore completed the acquisition of the 8.40%, 4.85% and 5.93% equity interests in the Target Company owned by PICC Life, PICC Health and Northeastern University Group, respectively. The Target Company has become an indirectly wholly-owned subsidiary of the Company.

By order of the Board NEUSOFT EDUCATION TECHNOLOGY CO. LIMITED Dr. LIU Jiren Chairperson and non-executive Director

Hong Kong, 1 June 2021

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