1 2 3 13 14 16 17 18 32 20262025131 20262025131 31117 FCPA Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 93302 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 1617 www.bexcellentgroup.com FCPA 1775 198937 2026131(i)(ii)(iii)202613143,000,00045.6%137,200,000202594,200,000202513155%202613144.1%202513151,800,0008,700,00016.9%202613160,500,000202613111752,052 20262025131 i 202613160,500,0008,700,00016.9%(i)HKDSE(ii)(iii)A-Level(IB) 2,000,0008001,500 ii 20261313,000,00034.0%2026131 iii 20262025131 HKDSE202613111,600,00089.4% 3002026131202513120,400,00011,500,00056.4%202613131,900,000 iv (i)Ascent Prep(ii)IELTS(iii)(iv)BTECBTEC(RQF)VIP 20262025131 20251313,400,000202613123,400,00019,900,000579.0%20251313,300,0001,000,00029.8%20261314,200,0002026131 DSE STEAMA-LevelsHKDSE HKDSEHKDSEB2B 202513194,200,00043,000,00045.6%2026131137,200,000 202513151,800,0008,700,00016.9%202613160,500,000HKDSE 20251318,700,0003,000,00034.0%202613111,700,000 202513120,400,00011,500,00056.4%202613131,900,0002026131 202513113,300,00019,800,000148.4%202613133,100,00020,900,000312.3%1,100,00016.9% 2026131 20251319,200,0004,000,00043.3%20261315,200,0002026131 58.2%202556.5% 202613129794(i)(ii)(iii)202513142,400,00016,900,00039.8%202613159,300,000 2026131200,0001.1%16,900,00017,100,000HKDSE 7.3%2.5%20257.8%6.6%600,0004.2% GoogleInstagramFacebook20251316,200,0002,100,00034.1%20261314,100,000 202513126,000,00011,300,00043.5%202613137,300,000 20261311,100,0002025131100,000202620251318.4%0.6% 202613111,800,00020251318,300,000 202613118,300,000 2025731131,300,0002026131146,900,000202573186,700,000202613197,100,000 202613165.0%33.5% 20261310.8920257310.83 202613178,400,000202573178,800,00027,400,000202573111,500,000 (i)(ii) 12,200,000 202613178,400,00027,400,00049,300,000214.5%2025731325.1% 20261312025 202581812,600,000 20261312026131 20261312025 131 20261312026731 1 22196132018713Cricket Square,Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2 2.1 D234 2.2 2025731: 21 3 (i)Ascent Prep(ii)IELTS(iii)(iv)VIPBTECBTEC(RQF)CourseZ 15 3 5 (a) 5%1,500 D226(2) 7 2,000,0008.25%2,000,00016.5%16.5% 202613125%202525% 3,000,0005%25% 9 20262025131 10 10.1 20261312025131 20261312025 10.2 20186211.0030%30%40% 10 10.2 11 20261314,806,00020251,490,0002025:137,000 12 202613125,783,00020252,548,000 13 (i)2026131 12,200,0003 202613112,200,000202573110,700,000 14 20261312025731 15 20261312025731 9 (i)20261312,904,00020257312,473,000(ii) 2 0 2 613 19 , 1 8 3 , 0 0 02 0 2 573 18 , 7 3 0 , 0 0 05,938,00020257313,130,00014,884,000202573112,434,000 17 17 18 20261312025731 19 (i) (ii)2,471,00020257311,924,000 20 21 22 (a) 22 (b) 23 20261312025 24 2026131 20261312025 2026131XV352 1.202613170.4%86%4%4%3%3% 2.201862120187132019123 3. 4.201862120187132019123201941 5.202613170.4%86%4%4%3%3%6. 2026131XV(i)XV78(ii)352(iii) 2026131XV23336 1.202613170.4%86%4%4%3%3% 2026131XV23336 2026131 20186212018713 20222024 20227312026131 102026131 12019123201941 30%30%40% 21757121% 2026131201912320194150.4930.7300.4900.700 2025812026131202092850,000,000 2026131 10 2026131 2026131C1 C32026131 3.21(i)(ii)(iii)D.3.3 2026131 2025818202595202595202581825,380,0000.50202595533,012,00012,600,0002025818202595 2026131 24 2026330