Schedule 13D Filing for ATA Creativity Global

Apollo Wise Investment Ltd, a British Virgin Islands entity, has acquired 8,559,434 common shares of ATA Creativity Global, representing 9.9% of the outstanding shares. This acquisition, with a reported value of $7,446,707.58, was part of a registered direct offering where Apollo Wise Investment Ltd subscribed to these shares at $0.8 per ADS (equivalent to $0.4 per common share). The source of funds for this investment was USD 3,423,774 from banks. The investment purpose is for medium to long-term holding, subject to market conditions. Jie Cheng is identified as the sole beneficiary owner of Apollo Wise Investment Ltd and also listed as a director.