OFFCN EDUCATION TECHNOLOGY CO., LTD.
2023 Semi-Annual Report
Stock Code: 002607
Stock Abbr.: OFFCN EDU
August, 2023
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.
The Company plans not to distribute cash dividends, bonus shares, nor to increase share capital by
converting capital reserve.
The Company’s 2023 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 and Analysis......8
Chapter 4 Corporate Governance......25
Chapter 5 Environmental and Social Responsibilities...... 26
Chapter 6 Significant Events......27
Chapter 7 Share Changes and Shareholders......39
Chapter 8 Preferred Shares......45
Chapter 9 Corporate Bonds......46
Chapter 10 Financial Statements......47
DocumentsAvailable for Reference
I. The full text of 2023 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, and 72,696,561 Yaxia Auto shares to Offcn Partnership and Li Yongxin respectively.
This restructuring
All shareholders of Offcn entrust Yaxia Auto to directly deliver the exchange-out
assets to Yaxia Industrial or its designated third party as the consideration for the
transfer of 80,000,000 shares to Offcn Partnership, and Li Yongxin offers RMB1
billion in cash as the consideration for the transfer of 72,696,561 shares.
Aerospace Industry Beijing Aerospace Industry Investment Fund (Limited Partnership)
Kerui Technology Innovation Beijing Kerui Technology Innovation Investment Center (Limited Partnership)
Beijing Offcn Fut