Chinese Education Market Continues to Boom

NEW YORK, November 20, 2017 /PRNewswire/ --

According to data provided iResearch, the revenue of China's online education reached 156.02 billion Yuan in 2016 with a growth of 27.3%. The research projects that with the growth of online education users, the revenue of the market will keep increasing and attain 269.26 billion Yuan in 2019. K12 education is the main segment contributing to the growth of online education. K12 education and vocational education are the main part of online education market. Data from iResearch shows that the number of online education users totaled 90.01 million in 2016, rising 21.5% from the previous year. It's expected to keep a growth higher than 20% and reach 160 million in 2019. Hailiang Education Group Inc (NASDAQ: HLG), Four Seasons Education (Cayman) Inc. (NYSE: FEDU), Bright Scholar Education Holding Ltd. (NYSE: BEDU), New Oriental Education and Technology Group Inc. (NYSE: EDU), RYB Education, Inc. (NYSE: RYB)

A research by Deloitte points out the strengths of China's education market. "Early childhood education is driven by the implementation of two-child policy which brings sufficient demand and the government's policies to encourage preschool education; the growth of K12 extra-curricular training is attributed to the demand increase resulted from the pick-up of the school age population. Meanwhile, desire for further education and international education also drives the demand for K12 examination oriented education and language education; personal training grows because of better economic capability and higher willingness to improve competitiveness," Deloitte reports.

Hailiang Education Group Inc (NASDAQ: HLG) announced breaking news last week that the Company will hold the 2017 Annual Meeting of Primary and High School Committee sponsored by the Chinese Association for Non-Government Education on November 16, 2017 at 199 West Third Ring Road, Hailiang Education Park, Zhuji City, Zhejiang Province, China. The 2017 Investor and Analyst Day will be held at Hailiang Building, No.1508 Binsheng Road, Binjiang District, Hangzhou, Zhejiang, China on November 17 from 9:30 am to 3:50 pm, Beijing Time.

The 2017 Annual Summit of Primary and High School Committee (the "Summit") is sponsored by Chinese Association for Non-Government Education and organized by Hailiang Education, aiming at supporting and standardizing the development of private/non-government education. The Summit is expecting more than 500 attendees who represent more than 200 outstanding educational institutions and schools in China. The 2017 Investor and Analyst Day will include presentations and a visit to Hailiang Education Park and Hailiang Art Middle School, to give investors and analysts the opportunity to meet Hailiang Education's management team and gain a deeper understanding of the Company's values, operations and campuses. Presentations will be led by Mr. Ming Wang, Chairman and Chief Executive Officer; Mr. Jianguo Yu, Chief Financial Officer; and Mr. Cuiwei Ye, Principal General and Director of the Board.

About Hailiang Education Group Inc. - Hailiang Education (Nasdaq: HLG) is one of the largest primary and high school educational services providers in China. The Company focuses closely on the school-running target of providing best quality, unique and internationalized education, dedicates to provide students with high quality of primary, high school and international educational services as well as values the quality of students' life, study and development. Meanwhile, Hailiang Education educates students according to their aptitudes, devoting to improve students' study ability, cultural accomplishments and international perspectives. Multilingual teaching are available in Hailiang Education, including Chinese, English, Spanish, Japanese, Korean, French, etc. Also, Hailiang Education launches various diversified high quality courses, such as Mathematical Olympiad courses, A-level courses, Australia Victorian Certificate of Education (VCE) courses, IELTS courses, TOEFL courses as well as SAT courses. The Company has established extensive cooperative relations with more than 200 international educational institutions and universities. Hailiang Education commits to make great efforts to offer students more opportunities of wining places at well-known domestic or international universities to pursue further education."

Four Seasons Education (Cayman) Inc. (NYSE: FEDU) is a leading after-school math education service provider for elementary school students in Shanghai. Building on its vision to unlock intellectual potential through math education, the company started its business initially focusing on math education for elementary school students in Shanghai. The company have since expanded its operations and now operate 33 learning centers in five cities in China. On November 8, 2017, the company announced the pricing of its initial public offering of 10,100,000 American depositary shares ("ADSs") at a price to the public of US$10.00 per ADS for a total offering size of US$101 million.

Bright Scholar Education Holding Ltd. (NYSE: BEDU) is the largest operator of international and bilingual K-12 schools in China. The Company is dedicated to providing quality international education to Chinese students and equipping them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education overseas. It also complements its international offerings with Chinesegovernment-mandated curriculum for students who wish to maintain the option of pursuing higher education in China. As of May 31, 2017, Bright Scholar operated52 schools covering the breadth of K-12 academic needs of its students across seven provinces in China. In the first nine months of the 2017 school year ended May 31, 2017, Bright Scholar had an average of 29,613 students enrolled at its schools.

New Oriental Education and Technology Group Inc. (NYSE: EDU) is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of language training and test preparation, primary and secondary school education, online education, content development and distribution, overseas study consulting services, pre-school education and study tour. On October 24, 2017, the company announced its unaudited financial results for the first fiscal quarter ended August 31, 2017, Total net revenues increased by 23.8% year-over-year to US$661.2 million for the first fiscal quarter of 2018.

RYB Education, Inc. (NYSE: RYB) is a pioneer in the early childhood education market in China. Since opening its first play-and-learn center in 1998, the company has grown and flourished with the mission to provide individualized age-appropriate education to stimulate and nurture children so they can realize their full potential. During its nearly two decades of operating history, RYB has built "RYB" into a well-recognized education brand and helped bring about many new educational practices in China's early childhood education industry. As of June 30, 2017, RYB operated a network of over 1000 directly owned and franchised kindergartens and play-and-learn centers in approximately 300 cities and towns throughout 30 provinces and municipalities in China. The company's substantial growth has been powered by its industry-leading curriculum, development capabilities, and teacher training system.

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