Hailiang Education Team Inc. Announces Appointment of New Chief Monetary Officer

HANGZHOU, China, Feb. 2, 2021 /PRNewswire/ — Hailiang Training Group Inc. (Nasdaq: HLG) (“Hailiang Education”, the “Company” or “we”), an training and management service supplier of primary, middle, and substantial faculties in China, announced that Ms. Weixin Xie (aka Deborah Lee) has been appointed as the Company’s Chief Economical Officer, succeeding Mr. Jianguo Yu, successful March 1, 2021. Mr. Jianguo Yu will continue being available and operate in the Organization, and guide the new CFO for the duration of the changeover.

Deborah Lee has served as Main Tax Officer of Hailiang Team (an affiliate of Hailiang Education and learning) considering that 2019. Previously, Deborah was a husband or wife of PricewaterhouseCoopers LLP, Los Angeles Workplace specializing in furnishing cross-border expense tactic session and tax arranging to the Chinese providers like mergers and acquisitions, joint ventures, intangible residence, transfer pricing, and negotiations and defenses with tax authorities. Deborah is a C.P.A. and received her Bachelor of Guidelines from Countrywide Taiwan University and Master of Qualified Accounting from the College of Texas at Arlington. Deborah is passionate about supplying back again to the community and served as the Government Vice President of Ascend, Los Angeles Chapter, a national non-financial gain business that is dedicated to the progression of Pan-Asians in administration and management through mentorship. Deborah was awarded one of the Fantastic 50 Asia Us citizens in Business in 2019 by Asia American Enterprise Growth Heart.

Dr. Junwei Chen, Chairman and Chief Executive Officer of Hailiang Education, commented, “It is an honor to welcome Ms. Lee to join Hailiang Education and learning crew as our new CFO to lead our World wide Finance, Accounting, Treasury, Tax and Tactic features. With her above 30 years’ expertise with international accounting, tax, and advisory corporations and powerful management expertise, I am self-confident that Deborah will lead a whole lot to our international enlargement strategy and carry our organization to the up coming level of progress and profitability.”

Dr. Chen ongoing, “In addition, on behalf of our board of administrators as very well as the administration team, I would also like to prolong my honest gratitude to Mr. Jianguo Yu for his exemplary provider as CFO and his indispensable operate, including main finance, company growth, running our rapidly expanding enterprise globally among other vital functions. I hope him to proceed to make terrific contributions to the Company in the foreseeable future.”

About Hailiang Training Team Inc.

Hailiang Education and learning (Nasdaq: HLG) is one particular of the largest most important, center, and large university academic services providers in China. The Firm mostly focuses on delivering distinguished, specialised, and internationalized schooling. Hailiang Instruction is dedicated to furnishing students with high-high quality primary, center, and superior faculty, and intercontinental educational expert services and highly valuing the high quality of students’ life, analyze, and advancement. Hailiang Schooling adapts its schooling services primarily based on its students’ particular person aptitudes. Hailiang Education and learning is devoted to improving upon its students’ tutorial capabilities, cultural achievements, and intercontinental perspectives. Hailiang Education operates multilingual packages which includes Chinese, English, Spanish, Japanese, Korean, and French. In addition, Hailiang Training has released a variety of diversified large-high quality programs, these as Mathematical Olympiad programs, A-level programs, Australia Victorian Certification of Education and learning (VCE) classes, IELTS classes, TOEFL programs, as properly as SAT classes. The Corporation has also fashioned in depth cooperative network with a lot more than 200 academic establishments and universities globally. Hailiang Training is committed to generating wonderful energy to offer its students with higher alternatives to enroll in effectively-regarded domestic and intercontinental universities to additional their instruction. For additional details, make sure you take a look at http://ir.hailiangedu.com.

Ahead-Hunting Statement

This press launch contains info about Hailiang Education’s check out of its potential expectations, strategies, and prospective clients that constitute forward-hunting statements. These forward-looking statements are created less than the protected harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995. All statements other than statements of historic details in this announcement are ahead-searching statements, which include but not restricted to the following: standard financial problems in China, level of competition in the education and learning market in China, the predicted expansion of the Chinese personal education and learning current market, Chinese governmental insurance policies relating to non-public instructional products and services and vendors of such products and services, wellbeing epidemics and other outbreaks in China, the Company’s small business strategies, the Company’s long term organization enhancement, success of functions, and financial condition, predicted improvements in the Company’s income and particular charge or expenditure items, its skill to elevate extra funding, its means to manage and grow its business enterprise, variability of running results, its capacity to manage and enrich its brand, its progress and introduction of new merchandise and expert services, the quantity of learners entrusted by universities, the prosperous integration of acquired companies, technologies and property into its portfolio of software and expert services, advertising and other company improvement initiatives, dependence on crucial personnel, the capacity to bring in, employ the service of, and keep personnel who have the technological techniques and expertise vital to meet up with the prerequisites of its clientele, and its capability to guard its mental home, the final result of ongoing, or any upcoming, litigation or arbitration, which include these relating to copyright and other intellectual house rights, and other dangers detailed in the Company’s filings with the U.S. Securities and Exchange Fee (the “SEC”). Hailiang Training might also make published or oral forward-seeking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other penned supplies, and in oral statements designed by its officers, directors, or staff members to third get-togethers. Statements that are not historic details, which includes statements about Hailiang Education’s beliefs and anticipations, are forward-searching statements. Forward-wanting statements involve inherent dangers and uncertainties, regardless of whether known or unknown, and are centered on present expectations and projections about upcoming gatherings and money trends that the Business thinks may impact its money situation, effects of operations, organization strategy, and monetary wants. Buyers can identify these forward-looking statements by terms or phrases these types of as “may,” “will,” “will make,” “will be,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “endeavor to,” “is/are very likely to,” or other related expressions. More information relating to these and other risks is involved in our yearly report on Kind 20-F and other filings with the SEC. All details furnished in this push release is as of the date of this press launch, and Hailiang Schooling undertakes no obligation to update any forward-hunting statements, other than as could be needed beneath relevant legislation.

Contacts:

Mr. Litao Qiu
Board Secretary
Hailiang Instruction Group Inc.
Phone: +86-571-5812-1974
E mail: [email protected]

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

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Source Hailiang Schooling Team Inc.

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