Scienjoy Holding Corporation to Acquire 29.9% Stake in Chinese Higher Education Service Provider Leader Education Limited

Scienjoy plans a HK$102.69 million related-party stake in Leader Education to link its AI capabilities with Chinese private higher education assets.

Rhea-AI Summary

Scienjoy Holding (SJ) agreed on September 2, 2026 to acquire 239,234,000 ordinary shares of Leader Education Limited, representing a 29.9% stake, for approximately HK$102.69 million (about US$13.1 million) via its wholly owned subsidiary Scienjoy Innovation Labs.

Completion of the transaction is conditional on due diligence results, absence of material warranty breaches, receipt of required waivers and consents, continued listing of Leader Education shares on the Hong Kong Stock Exchange Main Board, and no trading suspension exceeding ten consecutive business days. Closing is expected five business days after all conditions are satisfied or waived, or on another date agreed in writing.

The deal is deemed a related party transaction because Scienjoy independent director Jun Lu also serves as an executive director of Leader Education. Scienjoy’s CEO describes the investment as a strategic move to combine its AI and technology capabilities with Leader Education’s higher education resources to develop intelligent education solutions and build an ecosystem at the intersection of AI, education, and digital content.

Positive

• HK$102.69 million strategic equity investment in Leader Education, acquiring 29.9% stake
• Potential to combine Scienjoy’s AI and technology with Leader Education’s higher education resources
• Entry into China’s private higher education sector via Leader Education’s four-campus education group

Negative

• Transaction classified as a related party deal due to overlapping directorship, raising governance sensitivity
• Closing remains conditional on multiple factors including due diligence, consents, and continuous listing status

Argus Sep 3 session 27 alerts

-8.81% close to close 50.5x rel. volume Open Argus

Details

Market move: SJ -8.81% in the Sep 3 session. 29.9% stake acquisition

+7.0% Peak Tracked

-24.3% Trough Tracked

$52.23M Mkt Cap at Peak Alert

On Sep 3, the first trading day after this news, SJ closed 8.81% below the previous close. Argus tracked a peak move of +7.0% during that session. Argus tracked a trough of -24.3% from its starting point during tracking. Our momentum scanner recorded 27 alerts for this stock that day. Relative volume reached 50.5x the daily average during tracking.

Data tracked by StockTitan Argus for the Sep 3 session.

Key Figures

Shares acquired: 239,234,000 shares Purchase price: HK$102.69 million Purchase price: US$13.1 million +5 more

Shares acquired

239,234,000 shares

Leader Education transaction

Purchase price

HK$102.69 million

Transaction consideration

Purchase price

US$13.1 million

Approximate transaction consideration

Ownership stake

29.9%

Leader Education issued and outstanding share capital

Expected closing period

Five business days

After the final closing condition is satisfied or waived

Vocational schools

Two

Established by Leader Education since 2021

Campuses

Four

Leader Education group across three locations

Locations

Three

Leader Education group footprint

Historical Context

2 past events · Latest: May 21

2 events

1. May 21

   Q1 earnings

   24h Move

   +5.1%

   Return to profitability and higher cash offset lower revenue and gross margin.

2. Apr 23

   FY2025 earnings

   24h Move

   -0.9%

   Revenue declined and substantial non-cash impairments contributed to a reported net loss.

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

Key Terms

sale and purchase agreement, due diligence, related party transaction

3 terms

sale and purchase agreement financial

"entered a sale and purchase agreement (the "SPA" and the transaction"

A sale and purchase agreement is a binding written contract that sets out the exact terms under which one party sells and another buys assets or a business, much like the detailed receipt and instructions you get when buying a house. It matters to investors because it defines the price, what is included, payment timing, and any promises or protections — all of which determine future cash flows, risk, and the value of the companies involved.

due diligence financial

"Scienjoy being satisfied with the results of its due diligence of Leader Education"

Due diligence is the careful investigation and analysis someone conducts before making a decision, such as investing money or entering into an agreement. It’s like researching thoroughly before buying a used car to ensure it’s in good condition; this helps prevent surprises and makes informed choices. For investors, due diligence reduces risk by verifying details and understanding what they’re getting into.

View in glossary

related party transaction regulatory

"This Transaction can be deemed to be a related party transaction"

A related party transaction is any deal or transfer of value between a company and people or entities with close ties to it — such as executives, major owners, family members, or affiliated businesses. Investors watch these transactions because they can favor insiders over outside shareholders, skirt fair market pricing, or hide risks; like selling your car to a relative at a friendly price, they require clear disclosure and scrutiny to judge impact on value.

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

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BEIJING, Sept. 2, 2026 /PRNewswire/ -- Scienjoy Holding Corporation ("Scienjoy", the "Company", or "we") (NASDAQ: SJ), a provider of mobile live streaming platforms in China, today announced it has entered a sale and purchase agreement (the "SPA" and the transaction as contemplated therein, the "Transaction"), through its wholly-owned subsidiary Scienjoy Innovation Labs Inc. ("Scienjoy Innovation"), to acquire 239,234,000 ordinary shares (the "Shares") of Leader Education Limited ("Leader Education") (HKSE: 1449.HK), an investment holding company that provides private higher education services in China, from Shuren Education Limited ("Shuren") the Leader Education's controlling shareholder, for HK$102.69 million (approximately US$13.1 million). The Shares represent 29.9% of the issued and outstanding share capital of Leader Education.

The closing of the Transaction is subject to mutually agreed conditions, which includes: (i) Scienjoy being satisfied with the results of its due diligence of Leader Education and its subsidiaries; (ii) the absence of any material breach of warranties in the SPA by Shuren; (iii) all necessary waivers, consents, and/or notifications having been obtained; (iv) the continued listing of Leader Education's ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited on or before the closing date; and (v) no suspension in trading of Leader Education's ordinary shares had occurred for more than ten consecutive business days.

The parties are expected to close the Transaction five business days after the last of the conditions precedent to closing is either satisfied or waived in accordance with the SPA, or on such other date as the parties may agree in writing. This Transaction can be deemed to be a related party transaction since the Company's independent director, Jun Lu, is also an executive director of Leader Education.

Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy, commented: "The Transaction represents a strategic equity investment where we expect to integrate our AI and technology capabilities with Leader Education's educational resources, allowing us to leverage our respective strengths. Scienjoy has been developing intelligent solutions for education, including capabilities that support schools in the unified development and management of course content, administrative systems, teaching and research outcomes. By bringing AI technology and educational resources together, we see significant potential to create new applications and experiences that can better understand the needs of schools, support teachers, and empower students.

"We believe AI and education represent a powerful combination with significant room for innovation and long-term development. We also believe the integration of AI with education can extend well beyond existing applications, creating new possibilities across teaching, learning, content development, and student experiences. Through this strategic investment in Transaction, we look forward to exploring these opportunities with Leader Education and building a broader ecosystem at the intersection of AI, education, and digital content."

About Leader Education Limited

Leader Education Limited is a private formal higher education service provider based in Heilongjiang Province, China, and ranks among the top private education institutions in the province. It operates its consolidated affiliated entity, Heilongjiang College of Business and Technology, a private regular undergraduate institution specializing in engineering and business management programs. Since 2021, Leader Education has invested in the establishment of two vocational schools in the Yangtze River Delta and Beijing-Tianjin-Hebei regions, respectively, forming an education group with four campuses across three locations.

About Scienjoy Holding Corporation

Scienjoy is a provider of mobile live streaming platforms in China and focuses on interactive show live streaming from broadcasters to users. Driven by the vision of shaping a metaverse lifestyle, Scienjoy leverages AI-powered technology to create immersive experiences that resonate with global audiences, fostering meaningful connections and redefining entertainment. For more information, please visit http://ir.scienjoy.com/.

Safe Harbor Statement

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission ("SEC") from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release. 

For investor and media inquiries, please contact:

Investor Relations Contacts
Denny Tang
Chief Financial Officer
Scienjoy Holding Corporation
+86-10-64428188
ir@scienjoy.com

Ascent Investor Relations LLC
Tina Xiao
+1-646-932-7242
investors@ascent-ir.com

View original content:https://www.prnewswire.com/news-releases/scienjoy-holding-corporation-to-acquire-29-9-stake-in-chinese-higher-education-service-provider-leader-education-limited-302867976.html

SOURCE Scienjoy Holding Corporation

FAQ

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

What acquisition did Scienjoy (SJ) announce involving Leader Education Limited?

Scienjoy announced it has entered a sale and purchase agreement to acquire 239,234,000 ordinary shares of Leader Education Limited, representing 29.9% of its issued and outstanding share capital, through its wholly owned subsidiary Scienjoy Innovation Labs.

How much is Scienjoy paying for its 29.9% stake in Leader Education (SJ)?

Scienjoy agreed to pay HK$102.69 million, approximately US$13.1 million, to purchase 239,234,000 ordinary shares in Leader Education from its controlling shareholder Shuren Education Limited under the sale and purchase agreement.

What conditions must be met before Scienjoy’s transaction with Leader Education closes?

Closing is subject to Scienjoy’s satisfactory due diligence, no material breach of warranties by Shuren, obtaining necessary waivers and consents, continued listing of Leader Education shares on the Hong Kong Main Board, and no trading suspension lasting more than ten consecutive business days.

When is the Scienjoy and Leader Education transaction expected to close?

The parties expect to close the transaction five business days after all conditions precedent are satisfied or waived in line with the SPA, or on another date mutually agreed in writing by Scienjoy and Shuren Education.

Why is Scienjoy’s investment in Leader Education considered a related party transaction?

The deal can be deemed a related party transaction because Scienjoy’s independent director Jun Lu also serves as an executive director of Leader Education, creating an overlap in board representation between the two companies.

What strategic rationale does Scienjoy give for investing in Leader Education?

Scienjoy’s CEO describes the deal as a strategic equity investment aimed at integrating the company’s AI and technology capabilities with Leader Education’s educational resources, to create new applications and experiences in teaching, learning, content development, and student services.

What type of education business does Leader Education operate that Scienjoy is investing in?

Leader Education is a private higher education service provider in Heilongjiang Province. It operates Heilongjiang College of Business and Technology and has invested in two vocational schools, forming an education group with four campuses across the Yangtze River Delta and Beijing-Tianjin-Hebei regions.