HANGZHOU, China, June 22, 2021 /PRNewswire/ -- Hailiang Education
Group Inc. (Nasdaq: HLG), ("Hailiang Education" or the "Company"),
an education and management services provider for primary, middle,
and high schools in China, today
announced that the Company has entered into a strategic cooperation
framework agreement (the "Agreement") with Ruijie Networks Co.,
Ltd. ("Ruijie Networks"), one of the leading information and
communications technology ("ICT") infrastructure and solution
providers in China, on
June 19, 2021. The Company expects to
effectively promote its education digitalization and accelerate its
development of the "Smart Campus Operation System" through
synergizing its business advantages and Ruijie Networks' technical
advantages.
Pursuant to the Agreement, both parties agreed to establish a
"Teaching Innovation Experimental Base" to conduct comprehensive
exchanges and collaboration in research, achievement sharing,
application, and other aspects of cutting-edge technology related
to the education informatization. Besides, both parties agreed to
explore relevant solutions of education informatization and apply
forefront and innovative products to Hailiang Education. Meanwhile,
Ruijie Networks agreed to be an important partner of the "Hailiang
Education Smart Campus Global Alliance" for realizing the
integration of leading information and digital technology with
modern education philosophy and teaching methods, and to empower
the construction of "Smart Campus" with technology and jointly
promote the cultivation of talents and the improvement of education
quality.
Dr. Junwei Chen, Chairman and
Chief Executive Officer of Hailiang Education, commented: "Based on
our extensive experience in China's education industry, Hailiang Education
and Ruijie Networks anticipate to further our cooperation in a
deeper and broader level by sharing resources in our advantageous
areas, boost the R&D and the
designing of innovative technologies and solutions in line with
scenario-oriented applications in education and teaching, as well
as accelerate the construction and application of education
informatization with higher standards. The Company expects to
invigorate China's private
education market with digitalization and intellectualization."
About Ruijie Networks Co., Ltd.
Ruijie Networks Co., Ltd. is one of the leading information and
communications technology ("ICT") infrastructure and solutions
providers in China. Its main
businesses are R&D, designing
and sales of network equipment, network security products and cloud
desktop solutions. Since its establishment, Ruijie Networks has
committed to fully integrating technology and scenario-oriented
applications, and achieving product solution designing and
innovating through working closely with customers in order to
assist customers from various industries to realize digital
transformation and innovation of business value with businesses
covering more than 50 countries and regions.
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. Hailiang Education is committed to making great
effort to provide its students with greater opportunities to enroll
in well-known domestic and international universities to further
their education. 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
Ms. Tina Xiao
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Hailiang Education Group Inc.