Scienjoy Holding Corporation announced it has entered a sale and purchase agreement to acquire a 29.9% stake in Leader Education Limited for HK$102.69 million (approximately US$13.1 million). The transaction involves the purchase of 239,234,000 ordinary shares from controlling shareholder Shuren Education Limited through Scienjoy's wholly-owned subsidiary, Scienjoy Innovation Labs Inc. Closing is subject to due diligence satisfaction and other customary conditions, with an expected timeline of five business days after conditions are met. The deal is classified as a related party transaction because Scienjoy director Jun Lu also serves as an executive director at Leader Education. Management intends to integrate its AI capabilities with Leader Education's resources to develop intelligent educational solutions. Scienjoy Holding Corporation operates in the technology and entertainment industry, providing mobile live streaming platforms in China.