OFFCN EDUCATION TECHNOLOGY CO., LTD.
2022 Semi-Annual Report
Stock Code: 002607
StockAbbr.: OFFCN EDU
August, 2022
Chapter 1 Important Notes, Contents and Definitions
The Company’s Board of Directors, Supervisory Committee, directors, supervisors, and senior management
hereby guarantee that the contents of the semi-annual report are true, accurate, and complete, and that there are no
misrepresentations, misleading statements, or material omissions, and shall assume individual and joint legal
liabilities.
Wang Zhendong, the Company’s legal representative, Shi Lei, head in charge of accounting and Luo Xue,
head of the accounting department (Accounting supervisor), declare that they warrant the truthfulness, accuracy
and completeness of the financial report in the semi-annual report.
All directors attended the board meeting for reviewing this report.
The forward-looking statements on future plans and development strategies involved in this report do not
constitute a substantial commitment to investors. The possible risks and countermeasures have been detailed in
Section X Possible risks and responses of Chapter 3 Management Discussion and Analysis of this report.
Investors are advised to pay attention to the potential investment risks.
On December 25, 2021, the Company was filed and investigated by China Securities Regulatory
Commission (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 relevant parties received the
official Decision of Administrative Penalty. The Anhui Securities Regulatory Bureau of the CSRC decided to give
a warning to and impose a fine on the Company and the relevant parties, and order the Company and the relevant
parties to rectify the situation. Specific information is stated in the announcement (No. 2022-032) disclosed on
CNINFO (www.cninfo.com.cn) and other designated media.
The Company plans not to distribute cash dividends, bonus shares, nor to increase share capital by converting
capital reserve.
The Company’s 2022 Semi-Annual Report is prepared and published in Chinese version, and the English
version is for reference only. Should there be any inconsistency between the Chinese version and English version,
the Chinese version shall prevail.
Contents
Chapter 1 Important Notes, Contents and Definitions......1
Chapter 2 Corporate Profile & Key Financial Indicators......5
Chapter 3 Management Discussion andAnalysis......9
Chapter 4 Corporate Governance...... 27
Chapter 5 Environmental and Social Responsibilities......29
Chapter 6 Significant Events......30
Chapter 7 Share Changes and Shareholders...... 56
Chapter 8 Preferred Shares......62
Chapter 9 Corporate Bonds......63
Chapter 10 Financial Statements......64
DocumentsAvailable for Reference
I. The full text of 2022 Semi-Annual Report signed by Wang Zhendong, the Company’s legal representative.
II. The financial statement signed and sealed by the legal representative of the Company, the person in charge of
accounting work and the person in charge of accounting department (accounting supervisor).
III. The original copies of all the documents of the Company which have been disclosed in newspapers designated
by the China Securities Regulatory Commission during the reporting period.
IV. Other relevant documents.
The place where the above-mentioned documents are maintained: the office of the Company’s Secretary of the
Board of Directors.
Definitions
Term(s) Definition
The listed Company, The Company,
Offcn Education Technology Co., Ltd.
Offcn Edu
CSRC China Securities Regulatory Commission
Company Law Company Law of the People’s Republic of China
Securities Law Securities Law of the People’s Republic of China
Articles of Corporation Articles of Corporation of Offcn Education Technology Co., Ltd.
Yuan, 10 thousand yuan, 100
RMB yuan, RMB 10 thousand yuan, RMB 100 million yuan
million yuan
Based on the assessment, Yaxia Auto takes all assets and liabilities other than
retained assets as the exchange-out assets to swap the equivalent portion of 100%
equity of Offcn which held by Li Yongxin and other 10 counterparties, and the
swapping deficiency is settled by issuance of Yaxia Auto shares according to the
This major assets restructuring,
proportion of shareholding. At the same time, Yaxia Industrial transfers 80,000,000
This transaction,