HANGZHOU, China, July 6, 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,
announced that the Company had entered into a strategic cooperation
agreement (the "Agreement") with Hangzhou Hikvision Digital
Technology Co., Ltd ("Hikvision"), one of the world's leading
Internet of things ("IoT") solution and big data service providers
with video as its core competency, on July
1, 2021. Both parties will further develop the Company's
"Smart Campus System", combining of the Company's school-operating
experience and Hikvision's video technology expertise.
Under the Agreement, the Company recognized Hikvision as
Hailiang Education Smart Campus Global Alliance's strategic
partner. Both parties agreed to establish a "Smart Campus Joint
Laboratory" (also known as the "Hailiang-Hikvision Joint
Laboratory") to work on software products innovation in the
education field and promote the integration of both parties'
business ecosystems. In addition, both parties also agreed to
conduct cooperative research studies to apply for relevant
provincial/national research projects jointly and explore the
application of video technology in education and teaching fields,
such as methods and techniques for students' aptitude evaluation,
as well as the use of video technology to empower students' mental
health education, etc.
Dr. Junwei Chen, Chairman and
Chief Executive Officer of Hailiang Education, commented: "Based on
our solid cooperation history with Hikvision, the Company has
entered into a comprehensive
strategic cooperation agreement with Hikvision. We believe the
Agreement will significantly strengthen the "Hailiang Education
Smart Campus Global Alliance" and accelerate the research and
development of innovative technology and solutions for education
and teaching. Furthermore, we
expect to build a powerful, complementary and sustainable strategic
partnership to capitalize on the two brands' mutual empowerment,
accelerate the development of Hailiang Education's "Smart Campus
System," and boost more research achievements on theoretical
research and technical application in the field of educational
technology."
About Hangzhou Hikvision Digital Technology Co., Ltd.
Hangzhou Hikvision Digital Technology Co., Ltd., established in
2001, is one of the world's leading Internet of things ("IoT")
solutions and big data service providers with video as its core
competency. Its businesses focus on intelligent IoT, big data
services and smart business to build an open and cooperative
economic ecosystem and to provide services to diverse users from
the public sector, institutions and small and medium-sized
enterprises. In addition, Hikvision is committed to building smart
cities and digital enterprises with fusion of cloud and edge
computing, things information fusion and digital intelligence
fusion.
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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hailiang-education-enters-into-a-strategic-cooperation-agreement-with-hikvision-to-promote-the-construction-of-the-hailiang-education-smart-campus-global-alliance-301326233.html
SOURCE Hailiang Education Group Inc.