SDM Education Group Holdings Limited announced that it has entered into a non-binding letter of intent with SING YUN INTERNATIONAL GROUP.CO for a private placement of convertible bonds for gross proceeds of approximately HKD 19,500,000 on March 8, 2023. The company will also enter into Strategic Cooperation Agreement with the investor. The Investor will have the right to nominate a director, Zhaoyun, to the Board, subject to the completion of the transaction.