About LEADER EDU Company

The company is a large private formal higher education service provider in Heilongjiang Province, China. It operates a school, the Heilongjiang Institute of Technology and Business (the “School”) in Harbin City, Heilongjiang Province. As of 2016/2017, 2017/2018, 2018/2019, and 2019/2020, the total number of students enrolled in the school was 7,550, 7,800, 8,256, and 8,818, respectively, with a compound annual growth rate of about 5.3%. For the 2019/2020 school year, as of February 29, 2020, the total number of students enrolled in the school was 8,807, and the teaching team was 450. The Heilongjiang Institute of Technology and Business is a private formal university level educational institution with degree-granting qualifications established in 2002 in Harbin, Heilongjiang Province, China. It mainly provides undergraduate courses. During the track record period, we enrolled students from more than 20 provinces, municipalities and autonomous regions in China. The school offered 26 majors covering various fields, including engineering, commerce, railways, economics, literature, and art. On the last practical date, it offers courses in 22 majors and multiple disciplines. We believe that the following competitive advantages have contributed to the company's success and will continue to make us stand out from our competitors: (i) large-scale integrated applied science private general higher education service institutions in Heilongjiang Province, which are renowned and have strong growth potential; (ii) have strong professional and curriculum development capabilities, which enable us to design specialized market-oriented disciplines to support the economic development of China and the region and meet the huge local demand for professional and technical talents; (iii) maintain a broad and effective school-enterprise cooperative business model to enhance students' competitiveness; (iv) according to the market Demand-developed professional-oriented courses and the quality education we provide have enabled our students to obtain a high initial employment rate; (v) develop and cultivate partnerships with international institutions; and (vi) have an experienced, reputable, and visionary management team with a proven track record, and a team of highly qualified teachers. We intend to continue to expand our business and school network. To achieve our goals, we plan to implement the following business strategies: (i) expand our business operations to achieve economies of scale; (ii) seek strategic acquisitions of suitable schools in China to further expand market penetration; (iii) further promote our professional-oriented and applied science education by strengthening school-enterprise cooperation and improving practical training courses; (iv) optimize our pricing strategies and diversify our revenue streams to improve profitability; (v) continue to expand applied science and skills-oriented majors to seize the development opportunities brought about by the “Belt and Road” initiative; and ( vi) Attracting, motivating and retaining professionals to improve the quality of our teachers. School Overview/School Profile Heilongjiang Business School (formerly Chengdong College of Northeast Agricultural University) is a private independent college established with the approval of the Heilongjiang Provincial People's Government in May 2002 and officially registered with the Ministry of Education in February 2004. In 2011, all the education and teaching resources of the Limin Campus of the former Heilongjiang University of Science and Technology were integrated into Chengdong University, greatly improving the school's comprehensive operating strength and core competitiveness. In 2015, with the approval of the Ministry of Education (Teacher Letter [2015] No. 81), the school changed its name to Heilongjiang Business School, with the identification code 4123013300. The school's higher authority is the Heilongjiang Provincial Department of Education. The level of operation of the school is full-time undergraduate education, and unified enrollment is implemented throughout the country within the national plan. The school is divided into two parts: the Songbei Campus and the Hanan Campus. The Songbei Campus is located at No. 33, Qunying Street, Xueyuan Road, Limin Development Zone, Harbin (formerly No. 1 Shidai Street), and the Hanan Campus is located at No. 9 Chongwen Road, Hanan 16th Avenue, Harbin.