Simplified Report on Changes in Equity
Company Name: Beijing Kaiwen De Xin Education Technology Co., Ltd.
Stock Listing Location: Shenzhen Stock Exchange
Stock Abbreviation: Kaiwen Education
Stock Code: 002659.SZ
Name of Information Disclosure Obligor: Bada Chuholding Group Co., Ltd.
Registered Address: Room 201, 2nd Floor, Building 1, Courtyard 65, Xingshikou Road, Haidian District, Beijing
Mailing Address: Courtyard 8, Dezheng Road, Malianwa Street, Haidian District, Beijing
Nature of Equity Change: Reduction in shares held by the same ultimate controller (agreement transfer)
Date of Signing: July 13, 2026
Statement of Information Disclosure Obligor
I. The Information Disclosure Obligor has prepared this report in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Administrative Measures for the Takeover of Listed Companies," the "Rules for the Disclosure of Information by Companies Issuing Securities – Simplified Report on Changes in Equity, No. 15," and other relevant laws, regulations, and normative documents.
II. The Information Disclosure Obligor has obtained the necessary authorization and approval for signing this report, and its performance does not violate any provisions of its articles of association or internal rules, nor does it conflict with them.
III. In accordance with the provisions of the "Securities Law of the People's Republic of China" and the "Administrative Measures for the Takeover of Listed Companies," this report fully discloses the changes in the equity interests held by the Information Disclosure Obligor in Kaiwen Education. As of the date of signing this report, apart from the shareholding information disclosed herein and previously disclosed information, the Information Disclosure Obligor has not increased or decreased its equity interests in Kaiwen Education through any other means.
IV. This equity change is based on the information contained in this report. Other than the Information Disclosure Obligor, no other person has been entrusted or authorized to provide information not listed in this report or to make any explanation or clarification regarding this report.
V. The Information Disclosure Obligor hereby undertakes that this report contains no false records, misleading statements, or material omissions, and it assumes individual and joint legal liability for its truthfulness, accuracy, and completeness.
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Table of Contents
Statement of Information Disclosure Obligor ........................................................................................................... 1
Table of Contents ...................................................................................................................................................... 2
Section 1 Definitions ................................................................................................................................................. 3
Section 2 Introduction of the Information Disclosure Obligor ................................................................................... 4
Section 3 Purpose of Equity Change ........................................................................................................................ 7
Section 4 Method of Equity Change .......................................................................................................................... 8
Section 5 Situation of Buying and Selling Listed Company Shares in the Past 6 Months .......................................... 14
Section 6 Other Major Matters ................................................................................................................................. 15
Section 7 Documents for Reference .......................................................................................................................... 16
Section 8 Statement of Information Disclosure Obligor ........................................................................................... 17
Appendix ................................................................................................................................................................. 19
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Section 1 Definitions
In this report, unless the context otherwise requires, the following abbreviations have the meanings set forth below: