HANGZHOU, China, Sept.
23, 2021 /PRNewswire/ -- Hailiang Education Group Inc.
(Nasdaq: HLG), ("Hailiang Education" or the "Company" or "We"), an
education and management services provider for primary, middle, and
high schools in China, today announced that on September 6, 2021, the Company entered into a
cooperation agreement with Shandong Longkou Education and Sports
Bureau, and on August 28, 2021, the
Company entered into a management agreement with Yunnan Pu'er
Jingdong Yi Autonomous County Education and Sports Bureau
respectively (collectively, the "Agreements").
Pursuant to the Agreements, Hailiang Education agrees, beginning
from September 6,
2021 and September 1,
2021, to provide education and management services to
the two public schools, Chongshi Department of Longkou No.1
Middle School ("Chongshi
Department") and No.1 Middle School of Jingdong Yi Autonomous
County ("Jingdong No.1 Middle School").
Chongshi Department is a high school department established by
the Longkou No.1 Middle School in 2013 to practice the "small
class" strategy and implement the "individualizing" teaching model.
Chongshi Department currently has approximately 400 students.
Longkou No.1 Middle School was founded in 1892 and is located in
Longkou City, Shandong Province,
China. It is one of the earliest
public secondary schools in the Jiaodong area, with over a century
of history. Since its establishment, Chongshi Department has seen
six classes of its graduates participate in the college entrance
examination, and ten of its students have been admitted to Tsinghua
University and Peking University.
Founded in 1924, Jingdong No.1 Middle School is located in
Jingdong Yi Autonomous County, Pu'er City, Yunnan Province, China. Education in the Jingdong area has a
history of nearly 580 years. Jingdong No.1 Middle School is a
public school that seeks to utilize the area's cultural legacy and
has a middle school department and a high school department with a
total of approximately 2,900 students. Among the previous
principals of Jingdong No.1 Middle School, eight have graduated
from Peking University, and two have graduated from the National
Southwest Associated University.
With a history dating back almost 100 years, both schools take
pride in the beauty of their campuses, each of which encompasses a
vast site with fully-equipped facilities.
Dr. Junwei Chen, Chairman and
Chief Executive Officer of Hailiang Education, commented, "the
cooperation with these two schools indicates the first time for
Hailiang Education to provide education and management services to
public high schools. Meanwhile, it is also a unique milestone for
Hailiang Education to furnish services in
the county areas and promote the Education Revitalization Project.
The provision of education and management services to these schools
in county areas demonstrates that the brand awareness and the
quality of education and management services provided by Hailiang
Education have been further recognized across the Chinese
market. Pursant to the Agreements, Hailiang Education will
provide comprehensive education and management services for
Chongshi Department and Jingdong No.1 Middle School, and share with
each of them the advantages and resources accumulated in our past
26-years' school-operating process, such as teacher resources,
facilities, and courses. Hailiang Education will also provide
management services, deploying our educational talents to lead the
teacher team, and will integrate the Company's characteristic
courses with each institution. In addition, in combination with our
team of golden Olympiad competition training coaches, exceptional
teachers, and our high standards in preparation for college
entrance examinations, Hailiang Education will strive to implement
program elements from the Hailiang Top-notch Talent Training
Academy, upgrade the teaching quality, and enhance the development
of the teaching quality in county areas. "
About Hailiang Education Group Inc.
Hailiang Education (Nasdaq: HLG) is one of the largest primary,
middle, and high school educational service providers
in China. The Company primarily focuses on providing
distinguished, specialized, and internationalized education.
Hailiang Education is dedicated to providing students with
high-quality primary, middle, and high school, and international
educational services and highly valuing the quality of students'
life, study, and development. Hailiang Education adapts its
education services based upon its students' individual aptitudes.
Hailiang Education is devoted to improving its students' academic
capabilities, cultural accomplishments, and international
perspectives. For more information, please
visit http://ir.hailiangedu.com.
Forward-Looking Statements
This press release contains information about Hailiang
Education's view of its future expectations, plans, and prospects
that constitute forward-looking statements. These forward-looking
statements are made under the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical facts in this announcement are
forward-looking statements, including but not limited to the
following: general economic conditions in China, competition
in the education industry in China, the expected growth of the
Chinese private education market, Chinese governmental policies
relating to private educational services and providers of such
services, health epidemics and other outbreaks in China, the
Company's business plans, the Company's future business
development, results of operations, and financial condition,
expected changes in the Company's revenue and certain cost or
expense items, its ability to raise additional funding, its ability
to maintain and grow its business, variability of operating
results, its ability to maintain and enhance its brand, its
development and introduction of new products and services, the
number of students entrusted by schools, the successful integration
of acquired companies, technologies and assets into its portfolio
of software and services, marketing and other business development
initiatives, dependence on key personnel, the ability to attract,
hire, and retain personnel who possess the technical skills and
experience necessary to meet the requirements of its clients, and
its ability to protect its intellectual property, the outcome of
ongoing, or any future, litigation or arbitration, including those
relating to copyright and other intellectual property rights, and
other risks detailed in the Company's filings with the U.S.
Securities and Exchange Commission (the "SEC"). Hailiang Education
may also make written or oral forward-looking statements in its
periodic reports to the SEC, in its annual report to shareholders,
in press releases and other written materials, and in oral
statements made by its officers, directors, or employees to third
parties. Statements that are not historical facts, including
statements about Hailiang Education's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties, whether known or unknown, and are
based on current expectations and projections about future events
and financial trends that the Company believes may affect its
financial condition, results of operations, business strategy, and
financial needs. Investors can identify these forward-looking
statements by words or phrases such as "may," "will," "will make,"
"will be," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "endeavor to," "is/are
likely to," or other similar expressions. Further information
regarding these and other risks is included in our annual report on
Form 20-F and other filings with the SEC. All information provided
in this press release is as of the date of this press release, and
Hailiang Education undertakes no obligation to update any
forward-looking statements, except as may be required under
applicable law.
For more information, please contact:
Mr. Litao Qiu
Board Secretary
Hailiang Education Group Inc.
Phone: +86-571-5812-1974
Email: ir@hailiangeducation.com
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SOURCE Hailiang Education