Scienjoy buys 29.9% stake in Leader Education

• Scienjoy agreed to acquire a 29.9% stake in Leader Education for about HK$102.69 million.
• The investment will be made through Scienjoy Innovation Labs, a wholly owned subsidiary.
• Scienjoy stated the deal aims to combine AI technology capabilities with education resources.

Scienjoy Holding (NASDAQ:SJ) agreed on September 2, 2026 to acquire 239,234,000 ordinary shares of Leader Education, representing a 29.9% stake, for approximately HK$102.69 million, or about US$13.1 million.

The transaction will be completed through Scienjoy Innovation Labs, a wholly owned subsidiary of Scienjoy, and remains subject to due diligence, required approvals, and other closing conditions.

Completion depends on due diligence results, the 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.

Scienjoy expects closing five business days after all conditions are satisfied or waived.

Scienjoy Holding operates technology platforms focused on digital content, entertainment, and artificial intelligence-related solutions.

The transaction is classified as a related party transaction because Scienjoy independent director Jun Lu also serves as an executive director of Leader Education, while the company stated it plans to explore AI-powered education solutions through the investment.