China Gingko Education Group Successfully Listed on the Main Board of Hong Kong Stock Exchange

On January 18,2019, Ginkgo Education was successfully listed on the Hong Kong Stock Exchange, becoming China’s first listed education company in 2019. The current issue price of Ginkgo Education is HKD 1.44, which is the lower middle limit price of HKD 1.24 to 1.98 of the offer price.125 million shares are sold globally, raising a fund of HKD 157.5 million, and 85% of the raised fund will be used for the construction of the new campus in Nanxi. GingkoEducation is a higher education service provider located in Sichuan Province, focusing on nurturing professional personnel for China's hospitality industry, and is one of the earliest independent higher education institutes in China with the characteristics of hotel management. Gingko Education has an independent college, Yinxing Hospitality Management College of CUIT, together with ChengduYinxing HospitalityVocational Training Schoolprovides students with undergraduate education, junior college education and vocational skills training services.Gingko Education Group and Yinxingare committed tocultivating talents with practical skills suitable for the modern service industry.