Michael Kim

Steven Silver

Alice Cai

- QuantaSing Group Limited announced a **business restructuring** and a planned **rebranding** to **Here Group Limited**, with a ticker symbol change to **HERE**, subject to shareholder approval.  **[1932770_0001213900-25-094126_ea025932301ex99-1_quanta.htm:0]** **[1932770_0001213900-25-094126_ea025932301ex99-1_quanta.htm:1]** **[1932770_0001213900-25-094126_ea025932301ex99-1_quanta.htm:2]** 
- The restructuring, announced on **September 30, 2025**, involves a strategic shift to a **product-driven growth** model, focusing on its **pop toy business**, and ceasing its individual online learning services and other consumer businesses.  **[1932770_0001213900-25-094126_ea025932301ex99-2_quanta.htm:0]** **[1932770_0001213900-25-094126_ea025932301ex99-1_quanta.htm:1]** **[1932770_0001213900-25-094126_ea025932301ex99-1_quanta.htm:3]** 
- As part of this restructuring, the company entered into agreements on **September 30, 2025**, to transfer equity interests in its online learning services and other consumer businesses to a third-party buyer for an aggregate consideration of **RMB162 million and US$2.5 million**.  **[1932770_0001213900-25-094126_ea025932301ex99-1_quanta.htm:1]** 
- An **Extraordinary General Meeting (EGM)** is scheduled for **November 6, 2025, at 3:00 P.M. (local time)**, with a record date of **October 2, 2025**, for shareholders to vote on the proposed name change and the adoption of the Third Amended and Restated Memorandum and Articles of Association.  **[1932770_0001213900-25-094126_ea025932301ex99-3_quanta.htm:0]** **[1932770_0001213900-25-094126_ea025932301ex99-2_quanta.htm:0]** **[1932770_0001213900-25-094126_ea025932301ex99-5_quanta.htm:1]** **[1932770_0001213900-25-094126_ea025932301ex99-1_quanta.htm:2]**  The Board recommends voting FOR these proposals.  **[1932770_0001213900-25-094126_ea025932301ex99-2_quanta.htm:0]** **[1932770_0001213900-25-094126_ea025932301ex99-5_quanta.htm:3]**

QuantaSing Group Announces Business Restructuring and Proposed Name Change to Here Group Limited

- QuantaSing Group reported **total revenue of RMB 617.8 million** and a **net income of RMB 108 million** for the fourth quarter of fiscal year 2025, which ended on June 30, 2025.  **[1932770_2146101_1]** **[1932770_2146101_5]** 
- The company announced a strategic **business restructuring to divest all non-property business** to focus exclusively on its high-growth property business, with negotiations for buyers underway.  **[1932770_2146101_1]** 
- The property business contributed **RMB 65.8 million** to revenue in Q4 2025, accounting for **10.6%** of total revenue, and is expected to drive future growth.  **[1932770_2146101_1]** **[1932770_2146101_5]** 
- For fiscal year 2026, the company forecasts property business revenues to be in the range of **RMB 100 million to RMB 110 million** for Q1 and **RMB 750 million to RMB 800 million** for the full year.  **[1932770_2146101_6]** 
- As of June 30, 2025, QuantaSing held **RMB 1,040.9 million** in cash and cash equivalents, restricted cash, and short-term investments.  **[1932770_2146101_6]**

QuantaSing Group Reports Q4 2025 Results and Announces Strategic Restructuring

- QuantaSing Group reported **total revenues of RMB 617.8 million** for Q4 FY 2025, representing a **38.2% year-over-year decrease**, and **adjusted net income of RMB 111.2 million**, down **42.6% year-over-year**.  **[1932770_2146061:6]** 
- The company is strategically evolving its portfolio with a focus on pop toys, having completed the acquisition of a controlling stake in Letsvan in **March 2025** and its full financial integration in **April 2025**.  **[1932770_2146061:6]**  Letsvan subsequently rebranded to Qímèng Dǎo in **August 2025**.  **[1932770_2146061:8]** 
- The Pop Toy Business generated **RMB 65.8 million** in revenue in Q4 FY 2025  **[1932770_2146061:6]**  and is projected to achieve **RMB 100-110 million in Q1 FY 2026** and **RMB 750-800 million for the full FY 2026**.  **[1932770_2146061:12]** 
- Market expansion efforts for the Pop Toy Business include achieving **RMB 18M+ online GMV in August 2025**, a **9x increase from April's level**, and plans to open **3-5 flagship stores** in first-tier cities by **December 2025**.  **[1932770_2146061:10]** **[1932770_2146061:11]**

QuantaSing Group Announces Q4 FY 2025 Results and Pop Toy Business Growth

- QuantaSing Group Limited reported **Q4 FY 2025 revenues of RMB617.8 million (US$86.2 million)**, a 38.2% decrease from Q4 FY 2024, and **full fiscal year 2025 revenues of RMB2,725.6 million (US$380.5 million)**, down from RMB3,795.3 million in FY 2024.  **[1932770_0001213900-25-088341_ea025741801ex99-1_quanta.htm:0]** 
- **Net income for Q4 FY 2025 was RMB108.0 million (US$15.1 million)**, and **FY 2025 net income was RMB356.6 million (US$49.8 million)**.  **[1932770_0001213900-25-088341_ea025741801ex99-1_quanta.htm:0]** 
- The company's strategic shift from traffic-driven to product-driven growth led to a decline in online learning services, partially offset by the newly acquired pop toy business, which contributed **RMB65.8 million (US$9.2 million)** in revenue in Q4 FY 2025.  **[1932770_0001213900-25-088341_ea025741801ex99-1_quanta.htm:0]** **[1932770_0001213900-25-088341_ea025741801ex99-1_quanta.htm:1]** **[1932770_0001213900-25-088341_ea025741801ex99-1_quanta.htm:3]** 
- For Q1 FY 2026, QuantaSing expects pop toy business revenues to be in the range of **RMB100.0 million to RMB110.0 million**, and for FY 2026, between **RMB750.0 million and RMB800.0 million**.  **[1932770_0001213900-25-088341_ea025741801ex99-1_quanta.htm:5]** 
- Under its 2024 and 2025 Share Repurchase Programs, the company repurchased **US$3.6 million** and **US$2.2 million** worth of ADSs, respectively, as of June 30, 2025.  **[1932770_0001213900-25-088341_ea025741801ex99-1_quanta.htm:5]**

QuantaSing Group (QSG)