Hailiang Schooling Team Inc. Announces Appointment of New Chief Fiscal Officer

HANGZHOU, China, Feb. 2, 2021 /PRNewswire/ — Hailiang Education Group Inc. (Nasdaq: HLG) (“Hailiang Education and…

HANGZHOU, China, Feb. 2, 2021 /PRNewswire/ — Hailiang Education Group Inc. (Nasdaq: HLG) (“Hailiang Education and learning”, the “Corporation” or “we”), an education and learning and management services company of main, middle, and high faculties in China, declared that Ms. Weixin Xie (aka Deborah Lee) has been appointed as the Company’s Chief Economic Officer, succeeding Mr. Jianguo Yu, effective March 1, 2021. Mr. Jianguo Yu will remain available and get the job done in the Corporation, and help the new CFO in the course of the transition.

Deborah Lee has served as Chief Tax Officer of Hailiang Group (an affiliate of Hailiang Schooling) since 2019. Previously, Deborah was a husband or wife of PricewaterhouseCoopers LLP, Los Angeles Business specializing in delivering cross-border expense system consultation and tax preparing to the Chinese firms which includes mergers and acquisitions, joint ventures, intangible house, transfer pricing, and negotiations and defenses with tax authorities. Deborah is a C.P.A. and obtained her Bachelor of Regulations from Nationwide Taiwan College and Learn of Skilled Accounting from the College of Texas at Arlington. Deborah is passionate about supplying back again to the neighborhood and served as the Executive Vice President of Ascend, Los Angeles Chapter, a countrywide non-profit corporation that is devoted to the progression of Pan-Asians in management and management via mentorship. Deborah was awarded 1 of the Remarkable 50 Asia Individuals in Small business in 2019 by Asia American Company Growth Center.

Dr. Junwei Chen, Chairman and Main Executive Officer of Hailiang Education and learning, commented, “It is an honor to welcome Ms. Lee to sign up for Hailiang Education team as our new CFO to guide our World-wide Finance, Accounting, Treasury, Tax and Technique features. With her above 30 years’ encounter with international accounting, tax, and advisory corporations and powerful leadership abilities, I am self-assured that Deborah will contribute a whole lot to our international expansion system and deliver our small business to the future level of progress and profitability.”

Dr. Chen continued, “In addition, on behalf of our board of administrators as well as the management workforce, I would also like to extend my sincere gratitude to Mr. Jianguo Yu for his exemplary provider as CFO and his indispensable get the job done, together with leading finance, company growth, controlling our swiftly growing company globally amid other crucial features. I anticipate him to continue on to make wonderful contributions to the Enterprise in the future.”&#13

About Hailiang Training Group Inc.

Hailiang Education (Nasdaq: HLG) is just one of the greatest major, middle, and higher university instructional service providers in China. The Business primarily focuses on giving distinguished, specialised, and internationalized instruction. Hailiang Schooling is dedicated to providing students with significant-top quality principal, middle, and higher school, and intercontinental educational services and remarkably valuing the high-quality of students’ everyday living, study, and improvement. Hailiang Instruction adapts its education and learning services primarily based on its students’ specific aptitudes. Hailiang Education is devoted to increasing its students’ tutorial abilities, cultural accomplishments, and worldwide perspectives. Hailiang Schooling operates multilingual applications like Chinese, English, Spanish, Japanese, Korean, and French. In addition, Hailiang Schooling has introduced different diversified higher-excellent courses, these as Mathematical Olympiad classes, A-stage programs, Australia Victorian Certificate of Training (VCE) programs, IELTS classes, TOEFL classes, as well as SAT programs. The Business has also formed intensive cooperative network with far more than 200 instructional establishments and universities globally. Hailiang Education and learning is fully commited to earning fantastic exertion to give its learners with better opportunities to enroll in perfectly-recognized domestic and global universities to even more their education and learning. For much more info, make sure you go to https://ir.hailiangedu.com.

Ahead-On the lookout Assertion

This push release includes data about Hailiang Education’s perspective of its upcoming expectations, programs, and prospective customers that represent ahead-on the lookout statements. These ahead-wanting statements are manufactured beneath the harmless harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995. All statements other than statements of historical points in this announcement are ahead-searching statements, like but not restricted to the subsequent: typical financial problems in China, competition in the schooling industry in China, the expected progress of the Chinese private instruction current market, Chinese governmental policies relating to non-public academic products and services and companies of such providers, overall health epidemics and other outbreaks in China, the Company’s business enterprise programs, the Company’s long term organization growth, results of operations, and monetary affliction, predicted variations in the Company’s income and certain charge or expenditure things, its skill to increase added funding, its means to preserve and grow its organization, variability of functioning results, its ability to sustain and enhance its model, its improvement and introduction of new merchandise and solutions, the variety of students entrusted by colleges, the effective integration of obtained companies, systems and assets into its portfolio of program and services, marketing and other business enterprise advancement initiatives, dependence on crucial staff, the potential to attract, seek the services of, and retain personnel who have the specialized competencies and practical experience important to meet up with the specifications of its purchasers, and its skill to guard its intellectual assets, the result of ongoing, or any potential, litigation or arbitration, like those people relating to copyright and other intellectual property rights, and other hazards comprehensive in the Company’s filings with the U.S. Securities and Trade Fee (the “SEC”). Hailiang Instruction may possibly also make created or oral forward-seeking statements in its periodic experiences to the SEC, in its yearly report to shareholders, in press releases and other written elements, and in oral statements made by its officers, administrators, or staff to 3rd get-togethers. Statements that are not historical specifics, such as statements about Hailiang Education’s beliefs and anticipations, are forward-looking statements. Forward-wanting statements involve inherent risks and uncertainties, whether recognized or unidentified, and are centered on present anticipations and projections about long run events and economic developments that the Corporation thinks may perhaps have an effect on its economic affliction, effects of functions, enterprise system, and fiscal requirements. Traders can establish these ahead-seeking statements by phrases or phrases these types of as “may perhaps,” “will,” “will make,” “will be,” “count on,” “foresee,” “goal,” “estimate,” “intend,” “system,” “consider,” “opportunity,” “go on,” “endeavor to,” “is/are probable to,” or other similar expressions. More information and facts relating to these and other risks is included in our yearly report on Type 20-F and other filings with the SEC. All information delivered in this push release is as of the day of this press release, and Hailiang Education undertakes no obligation to update any ahead-searching statements, besides as may well be expected less than applicable law.

Contacts:&#13

Mr. Litao Qiu 
Board Secretary 
Hailiang Education Team Inc.  
Cellphone: +86-571-5812-1974 
E-mail: [email protected]

Ms. Tina Xiao 
Ascent Investor Relations LLC 
Cellphone: +1-917-609-0333 
E mail: [email protected]

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