CONTENTSUpgrade school operational conditions and educational environmentRemarkable Achievements of Comprehensive EducationInterim Condensed Consolidated Statement of Profit or LossInterim Condensed Consolidated Statement of Comprehensive IncomeInterim Condensed Consolidated Statement of Financial PositionInterim Condensed Consolidated Statement of Changes in EquityInterim Condensed Consolidated Statement of Cash FlowsNotes to Interim Condensed Consolidated Financial Information 2024/2025 INTERIM REPORT2024/2025 INTERIM REPORT234Corporate Profile5School Network6Chairman’s Statement10Management Discussion and Analysis22Corporate Governance/Other InformationFinancial Report40Independent Review Report41424345475068Definitions75Corporate Information CHINA NEW HIGHER EDUCATION GROUP LIMITEDUPGRADE SCHOOL OPERATIONAL CONDITIONS ANDEDUCATIONAL ENVIRONMENT 2024/2025 INTERIM REPORTRemarkable achievements ofcomprehensive education CORPORATE PROFILECHINA NEW HIGHER EDUCATION GROUP LIMITED4Building the most student-oriented university with acentury-long visionVision202522845 China New Higher Education Group (the “Group”) is a leading higher education groupfocusing on higher education for more than 20 years which first put forward and keptpromoting the school operation model of application oriented universities. As at 28February 2025, the Group’s schools covered various regions of China, cumulativelycultivating over 450,000 high-quality applied and technical talents for the society. Asa leader of high-quality employment, the schools of the Group have been awarded the“Top 50 National Employment (50Employment and Entrepreneurship of College Graduates in China (employment rate of each school is among the highest in each province and region, withcontinuous improvement in high-quality employment rates.Enabling every student toachieve career success andlife fulfillment50100 )”, “Top 100 Typical Cases of100)” by the Ministry of Education, and theMission 雲南工商學院(雲南學校)Yunnan Technology and Business University(Yunnan School)哈爾濱華德學院(東北學校)Harbin Huade University(Northeast School)洛陽科技職業學院(洛陽學校)Luoyang Science and TechnologyVocational College (Luoyang School)蘭州信息科技學院(甘肅學校)Lanzhou College ofInformation Science and Technology(Gansu School)鄭州城市職業學院(鄭州學校)Zhengzhou City Vocational College(Zhengzhou School) 2024/2025 INTERIM REPORT貴州工商職業學院(貴州學校)Guizhou Technology and Business Institute(Guizhou School)湖北恩施學院(華中學校)Hubei Enshi College(Central China School)College,廣西英華國際職業學院、廣西欽州英華國際職業技術學校及廣西英華國際職業學院附屬中學(統稱廣西學校)Guangxi Yinghua International OccupationGuangxi Qinzhou Yinghua InternationalOccupation and Technology Schooland Guangxi Yinghua InternationalOccupation Middle School(collectively, Guangxi Schools) CHAIRMAN’S STATEMENTCHINA NEW HIGHER EDUCATION GROUP LIMITED620252288 Dear shareholders,On behalf of the Board, I am pleased to present this interim report of the Group for thesix months ended 28 February 2025. I would like to express my heartfelt thanks to allShareholders for your continued trust and support.China New Higher Education Group adheres to long-term development and has beendeeply involved in higher education for 26 years. We conscientiously implement thefundamental task of strengthening morality through education, with “enabling everystudent to achieve career success and life fulfillment” as its mission, and “building themost student-oriented university with a century-long vision” as its vision.In the past six months, the eight schools under the Group have focused on their annualgoals and key milestones, making precise efforts and targeted breakthroughs. Theyhave continuously created a more beautiful campus environment and provided a betterservice experience for the 140,000 enrolled students. Over ten thousand faculty andstaff have performed full duties and pursued excellence, actively ensuring that studentsachieve better learning outcomes and realize higher employment quality. High-qualityenhancements have been made in various scheduled tasks, with outstanding results inimproving educational levels, high-quality employment, education and teaching reform,construction of the teaching workforce, and student subject competitions, laying a solidfoundation for successfully achieving annual goals and future high-quality development. 2614 38202520253,880803,00050020241231202498.03%A90%41 2024/2025 INTERIM REPORTNext, I will deliver a brief report on the following five aspects.First, focusing on long-term development, the improvement of education levels hasachieved significant breakthroughs. Benefiting from the stable support of nationalpolicies, the Group and its schools have seized opportunities and worked together, andthree schools have achieved major breakthroughs in the improvement of educationlevels. Both Yunnan School and Northeast School have successfully obtained provincial-level approval for the establishment of new master’s degree-granting units. GuizhouSchool is progressing smoothly in its application to become an