Offcn Education Technology Co., Ltd.2021 Semi-Annual Report Summary Stock Code:002607 Stock Abbr.:OFFCN EDU Announcement No.:2021-057 Offcn Education Technology Co., Ltd. 2021 Semi-Annual Report Summary I. Important Notes This summary is extracted from the full semi-annual report. In order to fully understand the Company's operating results, financial status and future development plan, investors should read the full semi-annual report carefully disclosed on the media designated by the China Securities Regulatory Commission (CSRC). All directors of the Company personally attended the board meeting to review this semi-annual report. Notes of non-standard audit opinion □ Applicable √ Not applicable The plan for the common stock profit distribution or the plan for converting reserved funds into share capital during the reporting period was reviewed by the board meeting □ Applicable √ Not applicable There is no plan of cash bonus, dividend distribution and capitalizing of common reserves carried out by the Company The plan for the distribution of preferred stock profits during the reporting period is adopted by the board of directors through resolution. □ Applicable √ Not applicable II. Basic Situation of the Company 1. Company Profile Stock Abbreviation OFFCN EDU Stock Code 002607 Stock Exchange for Stock Listing Shenzhen Stock Exchange Contact Person and Contact Information Secretary of the Board Representative of Securities Affairs Name Gui Hongzhi Gu Pan Block B, Hanhua Century Mansion, No.23 Block B, Hanhua Century Mansion, No.23 Address Xueqing Road, Haidian District, Beijing, Xueqing Road, Haidian District, Beijing, China China Tel 010-83433677 010-83433677 E-mail ir@offcn.com ir@offcn.com 2. Key Accounting Information and Financial Indicators Does the Company need to adjust its financial information retrospectively or restate its previous year accounting information? □ Yes √ No 1 Offcn Education Technology Co., Ltd.2021 Semi-Annual Report Summary Increase/Decrease Over During the Reporting Same Period of the Same Period of the Period Previous Year Previous Year Revenue (RMB) 4,855,998,263.50 2,807,980,480.60 72.94% Net profit attributable to shareholders of the -97,162,509.03 -233,026,645.16 58.30% parent company (RMB) Net profit after deducting non-recurring profit or loss attributable to shareholders of the -169,905,023.78 -367,542,382.83 53.77% parent company (RMB) Net cash flow from operating activities (RMB) -939,091,457.95 4,063,675,504.19 -123.11% Basic earnings per share (RMB/share) -0.02 -0.04 50.00% Diluted earnings per share (RMB/share) -0.02 -0.04 50.00% Weighted average return on net assets -2.30% -9.00% 6.70% Increase/Decrease over At the end of this At the end of the the end of the previous reporting period previous year year Total assets (RMB) 14,170,766,300.30 14,418,850,027.27 -1.72% Total equity attributable to shareholders of the 4,177,965,284.17 4,275,127,793.20 -2.27% parent company (RMB) 3. Number of Shares and Shareholders Unit: share(s) Total number of preferred Total number of common shareholders with restored shareholders at the end of 87,198 0 voting rights at end of the reporting period reporting period (if any) Particulars about shares held by the top 10 shareholders Pledged or frozen Name of Nature of Shareholding Number of shares held with Shares held Status of shareholder shareholder percentage (%) sales restrictions Amount shares Domestic Lu Zhongfang 41.36% 2,550,549,260 2,550,549,260 Pledged 450,000,000 natural person Domestic Li Yongxin 18.35% 1,131,415,121 1,085,063,560 Pledged 423,501,561 natural Person Wang Domestic 15.51% 956,447,318 727,935,989 Pledged 250,089,966 Zhendong natural person Beijing Domestic 4.24% 261,280,477 0 Aerospace non-state- 2 Offcn Education Technology Co., Ltd.2021 Semi-Annual Report Summary Industry owned legal Investment person Fund(Limited Partnership) Beijing Kirui Domestic Venture non-state- Investment 1.44% 89,117,723 89,117,723 owned legal Center(Limite person d Partnership) Beijing Offcn Future Domestic Information non-state- 1.30% 80,000,000 0 Consulting owned legal Center(Limite person d Partnership) Domestic Zhou Xiayun 1.28% 78,848,640 0 Pledged 48,500,000 natural person Domestic Zhou Hui 1.17% 72,277,920 0 Pledged 12,410,000 natural person Beijing Guangyin Domestic Venture non-state- Investment 1.04% 64,355,896 0 owned legal Center person (Limited Partnership) Hong Kong Securities Overseas legal 1.04% 63,981,550 0 Clearing person Co.,Ltd. The controlling shareholders and the actual controllers of the Company Lu Zhongfang and Li Explanation on the related Yongxin are mother and son. Lu Zhongfang, Li Yongxin and Beijing Offcn Future Information relationship and concerted Consulting Center (Limited Partnership) are acting in concert. Zhou Xiayun and Zhou Hui are actions among the above- father and son. The Company does not know whether the other shareholders are related parties or mentioned shareholders whether they are acting-in-concert parties. Explanation on the top 10 shareholders’ participation in N/A margin financing (if any) 4.Changes of controlling shareholders or actual controller Controlling shareholder changed in the period □ Applicable √ Not applicable 3 Offcn Education Technology Co., Ltd.2021 Semi-Annual Report Summary Controlling shareholders had no change in reporting period. Actual controller changed in the period □ Applicable √ Not applicable Actual controller had no change in reporting period 5.The total number of preferred shareholders and the top 10 preferred shareholders' shareholdings of the Company □ Applicable √ Not applicable During the reporting period, the Company did not have preferred stockholders holding shares. 6.Corporate Bonds □ Applicable √ Not applicable III. Significant Events The progress of the Company’s non-public matters: The Company held the Company’s board of directors, board of supervisors, and the third extraordinary general meeting of shareholders in 2020 on November 23, 2020 and December 9, 2020, reviewed and approved the Proposal on the Company’s Compliance with the Conditions for Non-public Issuance of A Shares, Proposal on the Company’s Plan of Non-Public Issuance of A Shares, and Proposal on the Company's Proposal of Non-Public Issuance of A Shares and other proposals related to this non-public issuance. On December 30, 2020, the Company announced the Announcement on the Acceptance of Applications for Non-public Issuance of Shares by the China Securities Regulatory Commission (Announcement No.: 2020-052). On January 8, 2021, the Company announced the Notice on Receiving the First Feedback from the China Securities Regulatory Commission's Administrative Licensing Project Review (Announcement Number: 2021-002). On January 27, 2021, the Company announced the Report on the Reply to the First Feedback Notice from the China Securities Regulatory Commission Administrative Licensing Project Review and other documents. On the same day, the Company also announced the adjustments to the non-public issuance plan including the Revised Proposal for Non-public Issuance of A Shares reviewed and approved at the 17th meeting of the Fifth Board of Directors and the 14th Meeting of the Fifth Supervisory Committee. On May 18, 2021, the Company announced the Announcement on the Revised Reply to the First Feedback Notice from the China Securities Regulatory Commission Administrative Licensing Project Review, the Notice on Receiving the Second Feedback from the China Securities Regulatory Commission's Administrative Licensing Project Review and other documents. On May 29, 2021, the Company announced the Report on the Reply to the Second Feedback Notice from the China Securities Regulatory Commission Administrative Licensing Project Review and other documents. On the same day, the Company also announced the adjustments to the non-public issuance plan including the Second Revised Proposal for Non-public Issuance of A Shares reviewed and approved at the 19th meeting of the Fifth Board of Directors and the 16th Meeting of the Fifth Supervisory Committee. On June 5, 2021, the Company issued the Announcement on the Revised Reply to the Second Feedback Notice from the China 4 Offcn Education Technology Co., Ltd.2021 Semi-Annual Report Summary Securities Regulatory Commission Administrative Licensing Project Review and other documents. On June 16, 2021, the Company’s non-public matters were reviewed and approved by the Issuance Review Committee of the China Securities Regulatory Commission. Regarding the follow-up progress of the Company's non-public issuance of shares, the Company will perform its information disclosure obligations in a timely manner in accordance with the requirements of relevant laws and regulations. 5