The board of directors of the China Gingko Education Group Company Limited announced that, on 5 July 2022, the company entered into a non-legally binding cooperation agreement with Beijing General Education Consulting Co., Limited in relation to a proposed cooperation on jointly setting up a teaching and examination platform in relation to the Certificate Examination for Teachers of Chinese to Speakers of Other Languages. Pursuant to the Cooperation Agreement, the Company and Beijing Tongcai will jointly work on, but not limited to, the following initiatives: Establishing a "Tongcai & Gingko CTCSOL base" to facilitate the provision of CTCSOL-relevant trainings and examinations, and contributing to post-establishment work such as promotion, student recruitment and business development; and Conducting global online trainings for teachers of Chinese, each of which consists of 52 sessions of "International Chinese Education" and 8 sessions of the "Pre-CTCSOL Interview Assessment Accelerated Course". The Group is a higher education service provider in Sichuan Province, China.

The Group has been proactively exploring the possibilities of expanding its presence in the online education space through cooperation with education institutions and enterprises. As an experienced enterprise in providing online Chinese education, Beijing Tongcai can offer meaningful insights to the Group. Accordingly, the Directors consider that the Proposed Cooperation as set out under the Cooperation Agreement is in the interests of the Company and its shareholders as a whole.

The Cooperation Agreement is non-legally binding and only contains the initial intention and principal terms of the Proposed Cooperation, and serves only as the basis for further specific cooperation between the Company and Beijing Tongcai. As at the date of this announcement, the Company and Beijing Tongcai have not yet entered into any legally binding agreements in relation to any specific cooperation plans. If any transaction contemplated under the Cooperation Agreement constitutes a notifiable transaction for the Company under the Listing Rules, further announcement(s) will be made by the Company as and when appropriate in compliance with the Listing Rules.

Shareholders and potential investors of the Company should note that the transactions contemplated under the Cooperation Agreement may or may not proceed. Shareholders and potential investors are advised to be exercise caution when dealing in the shares and other securities of the Company.