HANGZHOU, China, September 26, 2016 /PRNewswire/ -- Hailiang Education Group Inc. (Nasdaq: HLG) ("Hailiang Education" or the "Company"), a provider of private K-12 educational services in China, today announced total starting student enrollment [1] for the 2016-2017 academic year reached 20,040 students, a 11.7% increase compared with the total starting student enrollment for the 2015-2016 academic year.
Starting student enrollment for the international program for the 2016-2017 academic year was 2,465 students, a 43.7% increase from the starting student enrollment for the 2015-2016 academic year.
Mr. Ming Wang, Chairman and Chief Executive Officer of Hailiang Education, said, "We are very pleased to report solid student enrollment growth for the start of the 2016-2017 academic year. We are delighted that our continued emphasis on delivering outstanding learning outcomes fueled by high-quality teachers and educational resources is being recognized by parents and our well-established brand continues to grow."
"China's private K-12 education market is growing rapidly, primarily driven by favorable government policies, Chinese families' strong emphasis on education, urbanization and rising disposable incomes among urban households. With our 21-year operating track record and leading market position, we are ideally suited to capture opportunities from this trend. Going forward we will continue to execute our growth strategies by expanding and upgrading existing facilities, increasing overall student enrollment, especially for our international program, and pursuing strategic expansion opportunities," Mr. Wang concluded.
[1] Starting student enrollments for the 2016-2017 and 2015-2016 academic years represent the total number of students enrolled as of September 12, 2016 and September 20, 2015, respectively. |
About Hailiang Education
Founded in 1995, Hailiang Education operates three centrally managed schools in Zhuji city, Zhejiang province: Hailiang Foreign Language School, Zhuji Private High School and Tianma Experimental School. Hailiang Education Park, the Company's newest campus, was opened in September 2015 and represents Hailiang Education's commitment in delivering comprehensive and high-quality educational programs. Hailiang Education offers a variety of educational programs, including basic educational programs and international programs at the kindergarten, primary school, middle school, and high school levels, as well as preparatory courses designed for university-bound students studying for A-level courses in the United Kingdom and the SAT examination in the United States.
For more information, please visit http://ir.hailiangedu.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's business strategies and initiatives as well as the Company's business plans; the Company's future business development, results of operations and financial condition; expected changes in the Company's revenue and certain cost or expense items; trends and competition in the education industry in China; general economic and business conditions in China; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
Contacts:
Mr. Bo Lyu
T: +86 571 5812-2010
ir@hailiangeducation.com
Ms. Emilie Wu
The Piacente Group
T: +86 10 6535-0148
hailiang@tpg-ir.com
Mr. Alan Wang
The Piacente Group
T: +1 212 481-2050
hailiang@tpg-ir.com
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