ACG Announces Results of Extraordinary General Meeting of Shareholders

ATA Creativity Global (Nasdaq:AACG) held its 2026 Extraordinary General Meeting of Shareholders on June 5, 2026.

Rhea-AI Summary

ATA Creativity Global (Nasdaq:AACG) held its 2026 Extraordinary General Meeting of Shareholders on June 5, 2026. All proposals were approved, including disposition of ATA Testing Authority (Holdings) Limited and related entities, a private placement with an unaffiliated investor, re-election of two directors, and ratification of an amended 2008 Employee Share Incentive Plan.

Positive

• Shareholders approved disposition of ATA Testing Authority group and related interests
• Shareholders approved a private placement transaction with an unaffiliated investor
• Haoyu Wang and Zhiping Feng re-elected as class C directors
• Third amended and restated 2008 Employee Share Incentive Plan ratified

Negative

• None.

Argus Jun 8 session

-3.21% close to close Open Argus

Details

News Market Reaction – AACG

On Jun 8, the first trading day after this news, AACG closed 3.21% below the previous close.

Data tracked by StockTitan Argus for the Jun 8 session.

Key Figures

Stake sold: 69.0417% equity interest Private placement shares: 45,306,792 common shares Placement price: US$0.46667 per share +5 more

Stake sold

69.0417% equity interest

Equity interest in Beijing Huanqiuyimeng to be disposed per EGM approval

Private placement shares

45,306,792 common shares

Shares to be issued in approved private placement

Placement price

US$0.46667 per share

Subscription price under May 6, 2026 subscription agreement

Placement proceeds

US$21,145,961

Gross proceeds from private placement approved at EGM

Voting power

34.49%

Post-placement voting power for new investor per 6-K description

Sale consideration

RMB1

Nominal cash consideration for disposal of ATA BVI and 69.0417% stake

2025 net revenues

RMB268.1 million

Net revenues for year ended Dec 31, 2025 from Form 20-F

2023 net revenues

RMB221.6 million

Prior-year comparison from Form 20-F summary

Historical Context

4 past events · Latest: Apr 01

4 events

1. Apr 01

   Annual report filing

   24h Move

   +3.4%

   Form 20-F annual report filing and availability for shareholders.

2. Mar 25

   Earnings results

   24h Move

   +0.0%

   Q4 and FY 2025 results with flat revenue, net loss and goodwill impairment.

3. Mar 16

   Earnings date notice

   24h Move

   +1.0%

   Announcement of timing and webcast details for Q4 and FY 2025 results.

4. Jan 28

   Registered offering

   24h Move

   -0.9%

   Closing of registered direct offering of ADSs for working capital.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

private placement, subscription agreement, variable interest entity, employee share incentive plan

4 terms

private placement financial

"Consummation of a private placement transaction between the Company and a certain unaffiliated investor"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

subscription agreement financial

"as contemplated by a certain subscription agreement dated May 6, 2026"

A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.

variable interest entity regulatory

"ATA Testing Authority (Holdings) Limited, together with all of its subsidiaries and variable interest entity"

A variable interest entity (VIE) is a company structure where one party controls another company’s operations and economic outcomes through contracts or special arrangements instead of owning a majority of its voting shares. For investors, VIEs matter because the controlling party’s financial results, debts and risks can appear in the controller’s reports even though ownership looks separate, so understanding VIEs helps assess true exposure, governance limits and transparency—like spotting a puppet controlled by strings rather than direct ownership.

employee share incentive plan financial

"Ratification of the adoption of the Company's third amended and restated 2008 Employee Share Incentive Plan."

An employee share incentive plan is a program that gives workers a stake in the company by granting shares or the right to buy shares at a set price, usually spread over time so employees must stay to earn them. For investors it signals how the company aligns staff incentives with shareholder value and affects ownership and earnings: such plans can motivate performance and retention but also dilute existing shares and increase reported compensation costs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, CHINA / ACCESS Newswire / June 5, 2026 / ATA Creativity Global ("ACG" or the "Company", Nasdaq:AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced that its 2026 Extraordinary General Meeting of Shareholders ("EGM") was held on Friday, June 5, 2026.

All of the proposals submitted to shareholders at the EGM were approved.Specifically, shareholders approved:

1. Disposition of the ATA Testing Authority (Holdings) Limited, together with all of its subsidiaries and variable interest entity, and the 69.0417% equity interest in Beijing Huanqiuyimeng Education Consultation Corp., together with all of its subsidiaries;

2. Consummation of a private placement transaction between the Company and a certain unaffiliated investor, as contemplated by a certain subscription agreement dated May 6, 2026;

3. Re-election of each of Haoyu Wang and Zhiping Feng to serve as class C directors of the Company; and

4. Ratification of the adoption of the Company's third amended and restated 2008 Employee Share Incentive Plan.

About ATA Creativity Global

ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning services, overseas study counselling and other educational services through its training center network. For more information, please visit ACG's website at www.atai.net.cn.

For more information on our company, please contact the following individuals:

At the Company	Investor Relations
ATA Creativity Global	The Equity Group Inc.
Ruobai Sima, CFO	Lena Cati, Senior Vice President
+86 10 6518 1133 x 5518	212-836-9611
simaruobai@acgedu.cn	Lena.cati@theequitygroup.com
	Alice Zhang, Associate 212-836-9610 Alice.zhang@theequitygroup.com

SOURCE: ATA Creativity Global

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ATA Creativity Global (AACG) announce from its 2026 Extraordinary General Meeting?

ATA Creativity Global announced that all proposals at its 2026 Extraordinary General Meeting on June 5, 2026 were approved. According to ATA Creativity Global, approvals covered an asset disposition, a private placement, director re-elections, and an amended employee share incentive plan.

Which asset dispositions did AACG shareholders approve at the June 5, 2026 EGM?

AACG shareholders approved disposing of ATA Testing Authority (Holdings) Limited, its subsidiaries and variable interest entity. According to ATA Creativity Global, they also approved disposing of a 69.0417% equity interest in Beijing Huanqiuyimeng Education Consultation Corp. and its subsidiaries.

What private placement did AACG shareholders approve on June 5, 2026?

Shareholders approved consummation of a private placement transaction between AACG and an unaffiliated investor. According to ATA Creativity Global, this private placement is contemplated by a subscription agreement dated May 6, 2026, forming part of the EGM proposals.

Which directors were re-elected by AACG shareholders at the 2026 EGM?

AACG shareholders re-elected Haoyu Wang and Zhiping Feng as class C directors at the 2026 EGM. According to ATA Creativity Global, their re-election was one of the proposals presented and approved at the June 5, 2026 shareholder meeting.

What change to the employee share incentive plan did AACG approve in June 2026?

AACG shareholders ratified the adoption of the company’s third amended and restated 2008 Employee Share Incentive Plan. According to ATA Creativity Global, this ratification was among the proposals approved at the June 5, 2026 Extraordinary General Meeting of Shareholders.