Chinese Regulatory Environment Changes: The company operates in China and is subject to extensive and evolving regulations, particularly in the education sector. Future policy changes, such as those impacting for-profit education, online learning, or data privacy, could significantly affect its operations, financial performance, and business model.

Intense Market Competition: The online education technology market in China is highly competitive. The company faces competition from established players, new entrants, and traditional educational institutions, which could lead to pricing pressure, increased marketing expenses, and difficulty in attracting and retaining users.

ADR Delisting and Regulatory Scrutiny: As an ADR, Jianzhi Education is subject to U.S. regulatory oversight, including the Holding Foreign Companies Accountable Act (HFCAA). Non-compliance with audit inspection requirements or other U.S. listing standards could lead to its securities being delisted from U.S. exchanges, significantly impacting liquidity and investor confidence.