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PR Newswire·

iHuman Inc. Announces Acquisition of Businesses and Assets Related to All Knowledge and Perfect Lingo

IH
  • iHuman Inc. announced asset transfer agreements to acquire All Knowledge and Perfect Lingo for a total consideration of RMB94.0 million, subject to price adjustments & contingent earn-outs.
  • All Knowledge is an AI-powered humanities app featuring systematic tools like timelines & relationship graphs, including specialized products such as Elite Youth Tianti & AI Tianti.
  • Perfect Lingo is an AI-driven English learning app focused on vocabulary expansion, pronunciation, & video-based learning through real-life scenarios.
  • The specific purchase prices are RMB67.0 million for All Knowledge & RMB27.0 million for Perfect Lingo, which may be reduced to RMB51.0 million & RMB21.0 million respectively if material adverse events occur.
  • Sellers may receive contingent earn-out payments up to RMB29.0 million for All Knowledge & RMB12.0 million for Perfect Lingo based on financial performance over the next three years.
  • Mr. Teng Li from the acquired companies will join iHuman as Co-Chief Executive Officer upon closing of the transactions.
  • Ms. Congyu Lin, formerly Senior Vice President at Perfect World, was appointed as the new Chief Strategy Officer to support business development.
  • The acquisitions are classified as related party transactions due to common control & were approved by the board of directors & audit committee.
  • An independent third-party valuation was conducted by a "Big Four" accounting firm to determine the acquisition considerations.
  • iHuman stated the Acquisitions will expand its product portfolio, deepen AI capabilities, & create synergies across its existing ecosystem.