HANGZHOU, China, July 15, 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 the Company has
entered into a cooperation agreement (the "Agreement") with Yantai
Nanshan Donghai Foreign Language School ("Donghai School") and Longkou Donghai
Kindergarten ("Donghai Kindergarten") on July 11, 2021. Pursuant to the Agreement,
Hailiang Education agrees to provide education and management
services to the two private schools.
Located in Donghai Development Zone, Longkou City, Yantai City,
Shandong Province, China, Donghai Kindergarten and Donghai School are modern schools invested and
built by Nanshan Group in 2002. Nanshan Group is a global
conglomerate enterprise and one of China's Top 500 companies. Donghai
Kindergarten and Donghai School
offer kindergarten, primary, middle, and high school education
services respectively. With a site area of over 230,000 square
meters and a floor area of about 100,000 square meters, the two
private schools have beautiful campuses equipped with first-class
facilities. At present, there are almost 4,000 students enrolled in
the two private schools.
Dr. Junwei Chen, Chairman and
Chief Executive Officer of Hailiang Education, commented,
"Following the cooperation with Feicheng Hailiang Foreign Language
School, the cooperation with these two private schools will further
expand our school network in Shandong
Province and other provinces in China. This cooperation indicates Hailiang
Education's ability to provide education and management services to
a third-party private school in Shandong
Province for the first time. It also demonstrates that
Hailiang Education's brand awareness and school-operating
experience and ability accumulated in the past 26 years have been
recognized more widely by the education industry. Hailiang
Education will empower these two private schools to use our
comprehensive educational services and products, including the
''Smart Campus System'' and the diverse modes of teacher training,
curriculum development, talent introduction and logistics
management. We will expand Hailiang Education's brand influence in
Shandong Province and rest part of
China. We will continue promoting
cooperation with other public and private K-12 schools. We will
leverage our asset-light operation management model to export
high-quality school operation experience, capability and
educational resources, expand our school network and provide
high-quality K-12 education services to more students."
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.