Dashan Education Delays 2025 Results Amid Forensic Probe, Keeps Trading Halted

TipRanksMar 28 01:14

DASHAN EDU: INSIDE INFORMATIONDELAY IN PUBLICATION OF 2025 ANNUAL RESULTSAND DELAY IN DESPATCH OF THE 2025 ANNUAL REPORT

HKEXMar 27 22:24 · Announcements

New Oriental's performance exceeded expectations, with Hong Kong-listed education stocks moving higher against the market trend. China Chunlai surged by more than 60%.

Citi issued a research report noting that New Oriental's management has confirmed better-than-expected performance in the second quarter, with margin expansion of 300 basis points (excluding Oriental Selection), and expressed high confidence in exceeding the full-year targets. The report highlighted accelerated growth in the K12 segment during the third quarter, with high school business guidance indicating an 18% increase and K9 business guidance showing a 23% rise (in USD terms). Citi maintained a 'Buy' rating for New Oriental, with a target price of HKD 59.

Futu IntegratedJan 30 10:58

Dashaan Education (09986.HK) plans to appoint Kaijin Consulting as its internal control advisor. Trading remains suspended.

Gelonghui, January 14th丨Dasha Education (09986.HK) announced that the Special Investigation Committee, after considering the background, experience, and expertise of multiple candidates, has recommended to the board of directors the appointment of Kaijin Consulting Advisors Co., Ltd. ("Kaijin Consulting") as the internal control consultant ("Internal Control Consultant"). The consultant will review the company's internal controls and procedures, with a focus on non-compliance issues, and provide corresponding recommendations for improvement to enhance the group’s internal control system (if necessary), as well as report its findings to the Special Investigation Committee. Kaijin Consulting has extensive experience in providing internal control review services to companies listed on the Stock Exchange.

Gelonghui FinanceJan 14 22:13

Dashan Education (09986): Appointment of Independent Forensic Investigator and Internal Control Consultant

Dashan Education (09986) issued an announcement regarding the matters contained in the press release published by the Securities and Futures Commission (SFC) on December 3, 2025. These include, but are not limited to: (1) significant discrepancies between the bank statements provided by the company to the SFC and those independently obtained by the SFC; (2) allegations of serious overstatement of the company's bank balances in its financial statements as of June 30, 2023, and December 31, 2023 (non-compliance). The Special Investigation Committee believes that, at this preliminary stage and prior to the commencement of any investigation, it is premature to form or express any opinions or conclusions regarding the aforementioned matters.

Zhitong FinanceJan 14 22:08

Dasha Education (09986.HK) established a special investigation committee.

Gelonghui December 30th丨Dashan Education (09986.HK) announced that the board of directors hereby informs the company's shareholders and potential investors that a special investigation committee composed solely of non-executive directors (namely, Tan Jiaxi (non-executive director), Xie Xiangbing (independent non-executive director), Wang Yanxiao (independent non-executive director), and You Huanyu (independent non-executive director)) has been established to investigate (among other things) the matters set out in the press release issued by the Securities and Futures Commission (SFC) on December 3, 2025. This includes, but is not limited to, (1) significant discrepancies between the bank statements provided by the company to the SFC and those independently obtained by the SFC.

Gelonghui FinanceDec 30, 2025 19:09