Company: JZ
Filing Date: 2025-10-20
Form Type: 424B4
Source: 0001213900-25-100115
Chunk: 36

Company: Jianzhi Education Technology Group Co Ltd
Filing Date: 2025-10-20
Form: 424B4
Chunk 36
---
 |     |     |   9,036,476 |   |

<div align='center'>22

DILUTION</div>

If you purchase the ADSs in this offering, your interest will be diluted for each ADS you purchase to the extent of the difference between the public offering price per ADS and our net tangible book value per ADS after this offering. Dilution results from the fact that the public offering price per ADS is substantially in excess of the book value per ordinary share based on our presently outstanding ordinary shares.

Our net tangible book value as of December 31, 2024 was approximately RMB 22.1 million (or US$3.0 million), or RMB7.85 (US$1.08) per ADS. Net tangible book value represents the amount of total consolidated tangible assets, minus the amount of total consolidated liabilities, mezzanine equity and non-controlling interests. Dilution is determined by subtracting pro forma as adjusted net tangible book value per ordinary share after giving effect to the additional proceeds we expect to receive from this offering, from an assumed offering price of US$0.85 per ADS, and after deducting the non-accountable expense allowance and estimated offering expenses payable by us.

Without taking into account any other changes in such net tangible book value after December 31, 2024, other than to give effect to the sale of 5,800,000 ADSs in this offering at an assumed offering price of US$0.85 per ADS, after deducting the non-accountable expense allowance and estimated offering expenses payable by, our pro forma as adjusted net tangible book value as of December 31, 2024 would have been US$8.0 million, or US$0.02 per ordinary share and US$0.92 per ADS. This represents an immediate increase in net tangible book value of US$0.00 per ordinary share and US$0.16 per ADS to the existing shareholders and an immediate dilution in net tangible book value of US$0.00 per ordinary share and US$0.07 per ADS to investors purchasing ADSs in this offering. The following table illustrates such dilution:

| Assumed                                                                                            
 offering price per ADS                                                                             |     | US$ |     | 0.85 |
| Net                                                                                                
 tangible book value ordinary share as of December 31, 2024                                         |     | US$ |     | 1.08 |
| Pro                                                                                                
 forma as adjusted net tangible book value per share after giving