About VIRSCEND EDU Company

The Group is a leading provider of private education services for pre-school education to grade 12 and universities. We provide educational services to students of all age groups from kindergarten to university through schools. In the 2023-2024 school year, the total number of students enrolled in the Group's own schools was 30,339, including 8,455 students enrolled in high schools, 21,884 students enrolled in Chengdu Foreign Languages Institute (formerly known as Chengdu University of Sichuan Foreign Studies, the “University”) and 9,903 students enrolled in online schools, and we employed a total of about 1,481 teachers in China. Additionally, the Group established VirscendUniversity. VirScendUniversity is located in Irvine, California (“California”), USA. On March 6, 2024, VirscendUniversity obtained WSCUC accreditation. It is the most prestigious accreditation institution for higher education in the western region of the United States. VirScendUniversity currently offers a Master of Business Administration degree program with 43 graduates since 2018. We currently operate 9 high schools and 1 university in five cities in Sichuan Province, China. We provide formal education and comprehensive education courses through these schools. We are one of the few private education companies in southwest China providing high school and university education. The Group is committed to opening up Kangzhuang Avenue for aspiring students to advance to top domestic universities and well-known foreign institutions. In 2024, an international high school graduate received an acceptance letter from Cornell University with excellent results, and a graduate was admitted as a graduate student at Peking University with the first place in the Russian language and literature major. In 2023, one high school graduate received an admission notice from Williams College, the top liberal arts college in the US, and two high school graduates received an admission notice from Cambridge University in the UK. In 2023 and 2022, 168 students and 145 students received acceptance notices from the top 100 universities in the QS World University Rankings, respectively. The university currently offers 34 undergraduate programs and 28 specialist courses. In Wu Shulian's “Ranking of Independent Colleges and Private Universities in China” in 2023, the university ranked fourth among all 397 independent colleges and private universities in terms of Chinese literature majors. Among all 397 independent colleges and private universities, undergraduate employment quality and further education rate ranked 29th and 30th. We have been operating private schools in Sichuan Province for over 20 years, and believe we have established a good reputation, which helps us attract outstanding students and teachers and achieve success. We intend to maintain and strengthen our market position in the private education industry in China.