Scienjoy to Buy 29.9% Stake in Leader Education for $13.1 Million
Beijing – September 07, 2026 -- Scienjoy Holding Corporation (NASDAQ: SJ) has agreed to acquire a 29.9% stake in Hong Kong-listed Leader Education Limited (HKSE: 1449.HK) for HK$102.69 million, or approximately US$13.1 million, marking the live-streaming platform operator's entry into China's private higher education sector.
Scienjoy Innovation Labs to purchase 239.2 million Leader Education shares from controlling shareholder
Under the sale and purchase agreement, Scienjoy's wholly-owned subsidiary Scienjoy Innovation Labs Inc. will buy 239,234,000 ordinary shares from Shuren Education Limited, Leader Education's controlling shareholder. The shares represent 29.9% of Leader Education's issued and outstanding share capital.