Offcn Education Technology Co., Ltd. 2022 Semi-Annual Report Summary Stock Code:002607 Stock Abbr.:OFFCN EDU Announcement No.:2022-057 Offcn Education Technology Co., Ltd. 2022 Semi-Annual Report Summary Section 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 attended the board meeting for reviewing this report. Notes of non-standard audit opinion □Applicable Not applicable The profit distribution plan for ordinary shares or the plan for converting reserved funds into share capital during the reporting period reviewed by the board meeting. □Applicable Not applicable The Company plans not to distribute cash dividends, bonus shares, nor to increase share capital by converting capital reserve. Profit distribution plan for preferred shares during the reporting period approved by the board meeting. □Applicable Not applicable Section II. General information 1. Overview of the Company Stock Abbreviation OFFCN EDU Stock Code 002607 Listed Stock Exchange Shenzhen Stock Exchange Stock Abbreviation before N/A change (if any) Contact information Board Secretary Securities Affairs Representative 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 1 Offcn Education Technology Co., Ltd. 2022 Semi-Annual Report Summary 2. Key financial data and indicators Does the Company need to adjust its financial data retrospectively or restate its accounting data of previous year? □ Yes No Increase/decrease in current Same period of the previous Current reporting period reporting period over same year period of the previous year Revenue (RMB) 2,226,704,962.11 4,855,998,263.50 -54.15% Net profit attributable to shareholders of the listed -890,931,710.33 -97,162,509.03 -816.95% Company (RMB) Net profit attributable to shareholders of the listed Company after deducting non- -903,639,304.26 -169,905,023.78 -431.85% recurring gains or losses (RMB) Net cash flow from operating 1,032,982,411.32 -939,091,457.95 210.00% activities (RMB) Basic earnings per share -0.14 -0.02 -600.00% (RMB/share) Diluted earnings per share -0.14 -0.02 -600.00% (RMB/share) Weighted average return on -61.73% -2.30% -59.43% net assets Increase/decrease at the end of End of current reporting End of the previous year this reporting period over end period of the previous year Total assets (RMB) 8,961,896,986.90 10,305,183,525.70 -13.04% Total net assets attributable to shareholders of the listed 997,887,043.87 1,888,818,754.20 -47.17% Company (RMB) 3. Number of shareholders and shareholdings Unit: Share(s) Total number of preferred Total number of shareholders with shareholders with ordinary shares at the end of the 174,047 voting rights 0 reporting period restored at the end of the reporting period (if any) Top 10 shareholders Shareholdi Pledged or frozen Nature of ng Number of shares Name of Number of shares held with sales Number of shareholder shareholder percentage Status of shares restrictions shares (%) Domestic 1,357,543,35 Lu Zhongfang 41.36% 2,550,549,260 2,550,549,260 Pledged natural person 9 Domestic Li Yongxin 18.35% 1,131,415,121 1,131,070,121 Pledged 599,036,641 natural person Wang Domestic 13.83% 852,885,418 639,664,063 Pledged 381,793,884 Zhendong natural person Beijing Domestic non- Aerospace state- owned 2.24% 137,937,489 0 Industry legal person 2 Offcn Education Technology Co., Ltd. 2022 Semi-Annual Report Summary Investment Fund(Limited Partnership) Beijing Offcn Future Domestic non- Information state-owned 1.30% 80,000,000 0 Consulting legal person Center(Limited Partnership) Domestic Zhou Xiayun 1.28% 78,848,640 0 Pledged 69,000,000 natural person Domestic Zhou Hui 1.16% 71,436,520 0 Pledged 37,000,000 natural person Beijing Kerui Venture Domestic non- Investment state-owned 0.89% 54,887,323 0 Center(Limited legal person Partnership) Domestic Zhou Li 0.78% 48,185,280 0 natural person Beijing Guangyin Venture Domestic non- Investment state-owned 0.64% 39,228,952 0 Center legal person (Limited Partnership) The Company’s controlling shareholder and actual controller Lu Zhongfang and Li Yongxin are in a parent-child relationship. Lu Zhongfang, Li Yongxin, and Beijing Offcn Future Description of the above- Information Consulting Center (Limited Partnership) constitute persons acting in concert. Zhou Xiayun and Zhou Hui have a father-son relationship, and Zhou Xiayun and Zhou Li have a mentioned shareholders’ father-daughter relationship. It is unknown whether there is an associated relationship among relationship or concerted action the above-mentioned other shareholders, and whether the above-mentioned shareholders belong to the parties acting in concert as stipulated in the Administrative Measures on Information Disclosure of Shareholding Changes in Listed Companies. Description of shareholders participating in financing and No securities lending (if any) 4. Changes of controlling shareholder or actual controller Changes of controlling shareholder in the reporting period □Applicable Not applicable Controlling shareholder of the Company did not change during the reporting period. Changes of actual controller during the reporting period □Applicable Not applicable The actual controller of the Company did not change during the reporting period. 5. Number of preferred shareholders of the Company and top 10 preferred shareholders During the reporting period, there was no preferred shareholder in the Company. 6. Bonds unexpired on the date of approval of the semi-annual report □Applicable Not applicable 3 Offcn Education Technology Co., Ltd. 2022 Semi-Annual Report Summary Section III. Significant events On December 15, 2021, the Company received the Notice of Filing (SR Filing No. 0232021010) from the CSRC on suspicion of failing to disclose related-party transaction information and violating the laws and regulations of information disclosure. On April 27, 2022, the Company and the relevant parties received the official Decision of Administrative Penalty from the Anhui Securities Regulatory Bureau, which determines Offcn Edu and its subsidiaries including Beijing Offcn Education Technology Co., Ltd. and Zhongcheng Real Estate Development Co.,Ltd. constitute a related-party relationship with Shaanxi Guancheng Industrial Co., Ltd., Beijing Chuangsheng Construction Decoration Engineering Co., Ltd., Shanghai Beiding Network Technology Co., Ltd., Ji'an Jingkai Lixiangxue Financial Information Service Co., Ltd. and Liaoning Hanhui Industrial Co., Ltd.. The total amount involved in related-party transactions was RMB 1232.395 million, including RMB 196.335 million in year 2019 and RMB 1036.06 million in year 2020, which accounted for 6.65% and 30.19% of the net assets of Offcn Edu in the latest periods respectively. The Company did not disclose the above-mentioned information in accordance with relevant laws and regulations and there existed major omissions of the Company’s information disclosure. Thus, a warning was given to and a fine was imposed on the Company and the relevant parties responsible for the situation, and corresponding rectification was required. Specific information is stated in the announcement (No. 2022-032) disclosed by the Company on CNINFO (www.cninfo.com.cn) and other designated media for information disclosure. 4