About CHINA EDU GROUP Company

We are a leading large-scale private higher education group in China, operating several of the top and long-standing private higher education institutions. We focus on delivering quality education through innovation. Our founders, Mr. Yu and Mr. Xie, are well recognized in the private education community in China. Mr. Yu was the only representative to the 9th National People's Congress from China's private education community in the late 1990s, and promoted the promulgation of the “Private Education Promotion Law of the People's Republic of China”, which laid the foundation for the rapid development of the private education industry in China. Our founders were also each appointed as vice presidents of the China Private Education Association. They all have extensive experience in the field of private education and have deep insight into the development of private colleges and universities. During the track record period, we operated two private schools, namely Jiangxi University of Science and Technology and Guangdong Baiyun University. We took control of Baiyun Technician College (a technical school founded by Mr. Xie) on August 14, 2017. As of the last workable date, the total number of students enrolled in our school reached 75,255. According to the Frost & Sullivan report, in terms of the number of students in 2016, the Group is recognized as one of the leading players in the private higher education market in China. Each of our three schools is recognized for their competitiveness as industry leaders. We have a large student body and offer a wide range of courses. Our three schools had 75,255 students in the 2016/2017 school year, including 51,874 general undergraduate and general specialist students, 9,849 continuing education students, and 13,532 vocational education students. Our university offers 80 general undergraduate courses and 32 general specialist courses, covering nine undergraduate subjects and 11 specialized subjects, respectively, divided by the Ministry of Education. All of these courses have been approved by the Ministry of Education. According to statistics published by the Ministry of Education, in 2016, these nine subjects and 11 subjects covered 97.7% of undergraduate students and 91.9% of junior college students respectively in China. All of our schools are strategically located in the Pan-Yangtze River Delta Economic Zone or the Pan-Pearl River Delta Economic Zone. According to the Frost & Sullivan report, the number of undergraduate students in these two regions accounted for 33% of the total number of undergraduate students in China in 2016. According to the Frost & Sullivan report, these two regions cover only eight provinces, cities, and autonomous regions. They are economically active regions in China, accounting for about 43% of China's GDP in 2016 and providing rich employment opportunities for students. According to Frost & Sullivan's report, in 2016, about 46% of all college graduates with undergraduate degrees in China were employed in those two regions. We believe that our school's location advantage allows our graduates to directly benefit from abundant undergraduate employment opportunities. We emphasize the education of practical skills and knowledge and the cultivation of innovative and entrepreneurial spirit to effectively increase the employment rate of graduates. Thanks to our strong relationships with over 400 companies and our excellent innovation and entrepreneurship education, the high employment rate of our graduates has distinguished us from private universities and colleges in China. In 2014, 2015 and 2016, the initial employment rates of Jiangxi University of Science and Technology were 88.3%, 88.4% and 88.1% respectively. The initial employment rates of Guangdong Baiyun University were 96.2%, 96.6% and 96.1%, respectively, while the initial employment rates of Baiyun Technician College were about 99.3%, 99.4% and 99.4%, respectively. In contrast, according to the Frost & Sullivan report, the overall initial employment rates for Chinese higher education graduates in the same year were about 77.5%, 77.7%, and 77.9%, respectively.