QuantaSing Group Limited Announces Further Investments into Letsvan

SEC Filing 6-K (0001213900-25-069564)

QuantaSing Group Limited (NASDAQ: QSG) announced on July 31, 2025, that it will acquire all remaining equity interests in Shenzhen Yiqi Culture Co., Ltd. (Letsvan) through a combination of cash and stock. This transaction follows a series of investments made from December 2024 to March 31, 2025, which allowed QuantaSing to consolidate Letsvan's financial results. Upon completion, Letsvan will become a wholly-owned subsidiary of QuantaSing. As part of the transaction, QuantaSing will issue 18,219,330 Class A ordinary shares to Mr. Huiyu Zhan, the founder and CEO of Letsvan, in three installments, subject to vesting schedules and lock-up requirements. Mr. Zhan will also be appointed to QuantaSing's board of directors effective August 1, 2025. The company believes this transaction will enhance its competitive advantages in the pop toy segment and strengthen its strategic positioning in the consumer sectors.