About SCVE GROUP Company

China South China Vocational Education Group Co., Ltd. (the “Company”), together with its subsidiaries (collectively referred to as the “Group”), is a comprehensive skilled talent development service provider integrating academic education, vocational training, technician training, competition training, skill evaluation, employment services, and entrepreneurship incubation. It insists on “serving the society as the purpose of serving society, guided by employment and entrepreneurship, focusing on ability development, and cultivating highly qualified skilled talents with good professional qualities to adapt to social needs and future development trends”, with the goal of “shaping an outstanding society” Talents” as the mission, persevere” The school model of “integration of industry and education, school-enterprise cooperation, integration of engineering, integration of knowledge and action”. As of the date of this report, the Group operated two schools in the Greater Bay Area of China, namely Guangdong Lingnan Vocational and Technical College (“Lingnan Polytechnic College”) and Guangdong Lingnan Modern Technician College (“Lingnan Modern Technician College”). In the 2022/2023 school year, the Group mainly provided vocational education to 26,743 full-time students enrolled in our school. Of these, 76.5% attended TMT industry and health industry-related majors. The Group mainly provides students with comprehensive and diverse academic vocational education courses. During the track record period (see definition below), the Group operated the Lingnan Institute of Technology and the Lingnan Institute of Modern Technicians. The Group refers to the provision of such educational services as its “main business”. Lingnan Vocational and Technical College: A private vocational education institution with two campuses, one located in Guangzhou City, Guangdong Province (“Guangzhou Campus”) and the other in Qingyuan City, Guangdong Province (“Qingyuan Campus”). On December 31, 2022, Lingnan Polytechnic College has 13 second-level colleges offering more than 47 majors covering a wide range of disciplines, including but not limited to electronic information engineering technology, e-commerce, computer network technology, cloud computing technology applications, webcasting and operation, online marketing and live e-commerce, industrial Internet, financial services and management, etc. Lingnan Institute of Modern Technicians: A private vocational education institution located in Guangzhou that provides students with vocational education and training in different industries. It mainly offers secondary vocational courses and advanced vocational courses. On December 31, 2022, the Lingnan Institute of Modern Technicians has 7 faculties offering more than 27 majors, including but not limited to mechatronics, drones, automobile inspection and maintenance, fire engineering, traditional Chinese medicine, rehabilitation, nursing, big data applications, advertising design, computer network applications, computer programming and digital media applications, etc. The Group also generates revenue from a number of supplementary education services, mainly including continuing education courses and other education services. Other education services mainly include exam preparation and training services relating to vocational skills assessment and professional qualifications and certificates provided by the Group to current students. These education services are referred to as the Group's “supplementary education services”.