Jianzhi Education Technology Group (JZ) Closes $25M IPO

Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced the closing of its initial public offering of 5,000,000 American Depositary Shares (the “ADS”) at a public offering price of US$5.00 per ADS for the total gross proceeds of approximately US$25,000,000, assuming the underwriter does not exercise its over-allotment option to purchase additional ADSs. Each ADS represents two ordinary shares of the Company. The offering closed on Aug 30, 2022, U.S. Eastern time, and the ADSs began trading on Aug 26, 2022, U.S. Eastern time, on the Nasdaq Stock Market under the ticker symbol “JZ”.

The Company has granted the underwriter the right to purchase up to an aggregate of 750,000 additional ADSs within 30 days from the date of the final prospectus at the initial public offering price.

Univest Securities, LLC is acting as bookrunner of this offering. Kirkland & Ellis International LLP, is acting as counsel to the Company, and Sidley Austin LLP, is acting as counsel to Univest Securities, LLC.

A registration statement on Form F-1 (File No.: 333-257865) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission ("SEC") and was declared effective by the SEC on Aug 25, 2022, U.S. Eastern time. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, when available, from Univest Securities, LLC, 75 Rockefeller Plaza, Suite 1838, New York, NY 10019, by telephone at +1 212-343-8888, or by email at [email protected]. In addition, a copy of the final prospectus can also be obtained via the SEC's website at www.sec.gov.

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