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WHO WE ARE

Shanghai Able Digital & Tech Co., Ltd.

We are a reputable digital teaching and learning solution provider for higher education institutions in China, committed to the provision, delivery and operation of digital educational content and digital teaching and learning environment services and products for higher education institutions. Our offerings cover all critical aspects from teaching, learning, practicing, testing and evaluating to administrating. We are committed to empowering higher education institutions, teachers and students by facilitating broad access to educational resources and enhancing the efficacy of educational outcomes. China's higher education teaching and learning digitalization market is highly fragmented. According to Frost & Sullivan, the top five companies accounted for an aggregate market share of 12.9% in terms of revenue in 2024. Higher education institutions in China include universities and higher vocational colleges. According to Frost & Sullivan, we ranked second in terms of revenue among all companies in China's higher education teaching and learning digitalization market with a market share of 4.0% and first in terms of revenue among all companies in China's higher education digital educational content production market with a market share of 7.3% in 2024. Our long-standing dedication to the education sector has endowed us with insights into the teaching and learning process, the needs of higher education institutions and teachers, a diverse array of academic subjects, as well as the application of technology. These insights, combined with our focus on technology and customer service – the “dual engines” driving our progress – have enabled us to deliver advanced services and products and garner customer recognition. During the Track Record Period, we had delivered more than 44,000 digital educational content products and our services and products spanned 12 disciplines and 92 subjects recognized by the Ministry of Education. We had 627 digital courses that won the gold awards in the first and second batch of national recognition of first-class undergraduate courses and the review of national online quality courses for vocational education by the Ministry of Education, being the most among the top five players by revenue in China's higher education teaching and learning digitalization market.

Our Dedicated Customer Service and Support Center Network

We take immense pride in our extensive nationwide customer service and support center network, which stands as a testament to our unwavering commitment to customer-centric values and the guarantee of customer satisfaction. This network is strategically widespread, ensuring that we are always within reach of our customers, ready to serve their needs with the utmost dedication and efficiency. As of June 30, 2025, we maintained 251 customer service and support centers in 95 cities, covering substantially all provinces, municipal cities and autonomous regions in China through which we provide services to all our customers. Among these, 205 customer service and support centers are located within school campuses. 69.3% of higher education institutions in China are located in those 95 cities.

AWARDS AND ACHIEVEMENTS

We have received various honors and awards in recognition of, among others, our innovation and services and products. The following table sets forth our major awards during the Track Record Period:

Year	Award/recognition
2024	CMMI V3.0 for Development, Maturity Level 3
2023	AAA Grade Quality Service Integrity Unit Certificate
2023	Member Unit Certificate of Shanghai Educational Equipment Industry Association
2023	Member Unit Certificate of China Educational Equipment Industry Association
2023	National First Prize for Teaching Achievements
2022	Shanghai High-Tech Enterprise Certificate

The following is a summary of our Group's key business development milestones

2008

Our Company was established in the PRC.

2013

We launched the brand “智慧樹”.

2019

The number of our customer service and support centers exceeded 100, further consolidating the advantages of our localized services.

2020

The number of digital courses launched on our credit course sharing platform exceeded 10,000. We produced 177 courses in the first batch of national recognition of first-class undergraduate courses by the Ministry of Education.

2021

We had recorded over 100 million course enrollments on our credit course sharing platform. The number of customers for our services and products exceeded 1,000.

2022

We launched our knowledge graph business. Our Company received the National First Prize for Teaching Achievements awarded by the Ministry of Education. We launched the “Teacher Talks” public welfare series for teacher development sharing. We produced 108 courses in the review of national online quality courses for vocational education over the year by the Ministry of Education.

2023

We produced 228 courses in the second batch of national recognition of first-class undergraduate courses by the Ministry of Education.

2024

We produced 114 courses in the review of national online quality courses for vocational education over the year by the Ministry of Education. The knowledge graphs we have delivered in total reached 5,000. We assisted several universities in successfully being selected for the Ministry of Education's list of typical application scenario cases for “AI + Higher Education”.

2025

The number of digital courses launched on our credit course sharing platform exceeded 20,000. The digital education and teaching platform that we developed was successfully selected for the Ministry of Education's “List of Advanced Cases for Reform in the Construction of the Teaching Workforce in the New Era”.