BEIJING, July 31, 2025 — QuantaSing Group Limited (NASDAQ: QSG), also referred to as “QuantaSing” or the “Company,” a prominent provider of lifestyle solutions aimed at enabling adults to live longer and better lives, announced today its intention to take additional measures to acquire the remaining equity interests in Shenzhen Yiqi Culture Co., Ltd. (深圳市熠起文化有限公司) (“Letsvan”) from other investors. This acquisition will involve a combination of cash and stock consideration (referred to as the “Transactions”).

Through a series of prior investments made between December 2024 and March 31, 2025, the Company had previously invested in Letsvan. Letsvan is a PRC-based entity primarily involved in the incubation and discovery of intellectual property (IP), IP operations, copyright commercialization, and the promotion and sale of pop toys and other cultural products for artists globally. By March 31, 2025, QuantaSing had already gained control of Letsvan and was able to incorporate its financial results into the Company’s consolidated financial statements. Following the completion of these Transactions, Letsvan will become a wholly-owned subsidiary of QuantaSing.

To facilitate these Transactions, the Company will issue a total of 18,219,330 Class A ordinary shares to Mr. Huiyu Zhan (Zack) (“Mr. Zhan”). Mr. Zhan, the founder, chief executive officer, and a director of Letsvan, will receive these shares as payment for his remaining stake in Letsvan via a private placement. The share issuance will occur in three separate installments and will be subject to specific conditions and limitations, including pre-determined vesting schedules and lock-up requirements. Furthermore, to support Letsvan’s growth and integration into QuantaSing’s consumer sector strategies, the Company also plans to appoint Mr. Zhan to its board of directors, effective August 1, 2025. Mr. Zhan is an experienced entrepreneur with extensive knowledge in the consumer sector. Before establishing Letsvan in 2020, he consistently pursued entrepreneurial ventures in the cultural gifts and pop toys industries. His prior roles also include positions at Walmart (Shenzhen), Hong Kong Weiya Group, and CITIC Health, where he accumulated substantial sales and management experience.

QuantaSing believes that these Transactions will lead to a deeper integration of resources between both companies, seamlessly aligning their business prospects to foster stronger synergy. This move is expected to enhance QuantaSing’s competitive advantages in the pop toy segment, solidify its strategic position within the consumer sectors, and improve the Company’s overall platform capabilities.

Forward-Looking Statements

This press release contains forward-looking statements as defined by Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements herein that are not statements of historical or current fact, including but not limited to those concerning QuantaSing’s financial outlook, beliefs, and expectations, are forward-looking. Such statements are often identifiable by terms like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance,” and similar expressions. The Company may also include written or verbal forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), its annual report to shareholders, press releases, other written materials, and in oral communications made by its officers, directors, or employees to third parties. Forward-looking statements inherently involve risks and uncertainties. Numerous factors could cause actual results to differ materially from those expressed in any forward-looking statement. These factors include, but are not limited to: the Company’s growth strategies; its future business development, operational results, and financial condition; its capacity to attract and retain new users and learners, and to increase their spending and revenue generation; its ability to maintain and enhance brand recognition and reputation; its expectations regarding the demand for and market acceptance of its services and products; the anticipated growth, trends, and competition within the markets in which the Company operates; changes in its revenues and specific cost or expense items; PRC governmental policies and regulations pertaining to the Company’s business and industry; general economic and political conditions in China and globally; and any assumptions underpinning or related to the foregoing. For additional information regarding these and other risks, uncertainties, or factors, please refer to the Company’s filings with the SEC, including, without limitation, the final prospectus related to the IPO filed with the SEC on January 24, 2023. Readers are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of the date of this press release. All forward-looking statements are entirely qualified by this cautionary statement, and the Company disclaims any obligation to revise or update any forward-looking statements to reflect events or circumstances occurring after the date hereof.

About QuantaSing Group Limited

QuantaSing is a premier lifestyle solution provider offering engaging, affordable, and accessible online and offline services, alongside consumer products in specific areas that cater to the wellness aspirations of senior users. QuantaSing has expanded into the pop toys sector and consistently diversifies its portfolio strategically by seizing opportunities in promising consumer sectors while maintaining financial discipline. For more details, please visit: https://ir.quantasing.com.

Contact Information
Leah Guo
QuantaSing Group Limited
Email: ir@quantasing.com
Tel: +86 (10) 6493-7857

Robin Yang, Partner
ICR, LLC
Email: QuantaSing.IR@icrinc.com
Phone: +1 (212) 537-0429