China 21st Century Education : CHANGE OF DIRECTOR; CHANGE IN COMPOSITION OF BOARD COMMITTEE; AND CHANGE OF AUTHORISED REPRESENTATIVE

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China 21st Century Education Group Limited

中國21世紀教育集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1598)

CHANGE OF DIRECTOR;

CHANGE IN COMPOSITION OF BOARD COMMITTEE; AND

CHANGE OF AUTHORISED REPRESENTATIVE

CHANGE OF DIRECTOR

The Board hereby announces the following changes in the Company with effect from 31 March 2021:

1. Mr. Liu Zhanjie has resigned as an executive Director, vice chairman of the Board and a member of the remuneration committee of the Board; and
2. Mr. Li Yasheng has been appointed as an executive Director and a member of the remuneration committee of the Board.

CHANGE OF AUTHORISED REPRESENTATIVE

Following the resignation of Mr. Liu Zhanjie, he has also ceased to be an Authorised Representative for the purpose of Rule 3.05 of the Listing Rules. Ms. Liu Hongwei, an executive Director, has been appointed as an Authorised Representative with effect from 31 March 2021.

RESIGNATION OF EXECUTIVE DIRECTOR, VICE CHAIRMAN OF THE BOARD AND MEMBER OF REMUNERATION COMMITTEE

The board (the "Board") of directors (the "Directors") of China 21st Century Education Group Limited (the "Company", together with its subsidiaries, (the "Group")) announces that Mr. Liu Zhanjie (劉占杰) ("Mr. Liu") resigned as an executive Director, vice chairman of the Board and a member of the remuneration committee of the Board due to the need to focus on his other work commitments which require more of his attention and dedication with effect from 31 March 2021.

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Mr. Liu has confirmed that he has no disagreement with the Board, the board committees of the Company, the Company and/or the Group and there is no other matter relating to his resignation which has to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to express its sincere gratitude to Mr. Liu for his positive contribution to the Company during his term of office.

APPOINTMENT OF EXECUTIVE DIRECTOR AND MEMBER OF REMUNERATION COMMITTEE

The Board is pleased to announce that Mr. Li Yasheng (李亞晟) ("Mr. Li") has been appointed as an executive Director and a member of the remuneration committee of the Board with effect from 31 March 2021.

The biographical details of Mr. Li are set out below:

Mr. Li Yasheng (李亞晟), aged 25, holds a bachelor degree in finance and market management from the Stern School of Business of New York University. Mr. Li joined the Group in 2017 and he served as the investment director of the strategic investment department from December 2017 to December 2019. Since January 2020, Mr. Li has been serving as the assistant to president. Mr. Li is the son of Mr. Li Yunong (chairman of the Board, executive Director and one of the controlling shareholders (as defined in the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules")) of the Company).

Mr. Li has entered into a service contract with the Company for a fixed term of three years commencing from 31 March 2021 and will continue thereafter until terminated by not less than three months' notice in writing served by either party on the other. Mr. Li will hold office until the next annual general meeting of the Company at which he will be eligible for re-election. Thereafter, Mr. Li will be subject to retirement by rotation and re-election at the annual general meetings of the Company at least once every three years in accordance with the articles of association of the Company. Pursuant to the said service contract, Mr. Li is entitled to receive a director's fee of RMB720,000, which is determined with reference to his roles and responsibilities, the performance of the Company and the prevailing market conditions.

As at the date of this announcement, Mr. Li is interested in 987,000 shares of the Company (the "Shares"), representing approximately 0.085% of the total number of issued Shares within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO"). Save as disclosed above, Mr. Li does not have any interest in or is deemed to be interested in any shares or underlying shares of the Company or its associated corporations within the meaning of Part XV of the SFO.

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Save as disclosed above, as at the date of this announcement, (i) Mr. Li does not have any relationship with any other directors, senior management, substantial shareholders or controlling shareholders of the Company; (ii) Mr. Li does not hold any position within the Company or other members of the Group; (iii) Mr. Li does not hold any directorship in any listed public companies which are listed in Hong Kong or overseas in the past three years; and

1. there is no other information required to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, nor are there any other matters that need to be brought to the attention of the Shareholders.

The Board would like to express its warmest welcome to Mr. Li for taking up the appointment.

CHANGE OF AUTHORISED REPRESENTATIVE

Following the resignation of Mr. Liu, he has also ceased to be an authorised representative of the Company for the purpose of Rule 3.05 of the Listing Rules (the "Authorised Representative"). Ms. Liu Hongwei, an existing executive Director, has been appointed as an Authorised Representative with effect from 31 March 2021.

By order of the Board

China 21st Century Education Group Limited

Li Yunong

Chairman

Hong Kong, 31 March 2021

As at the date of this announcement, executive Directors are Mr. Li Yunong, Ms. Liu Hongwei, Mr. Ren Caiyin, Ms. Yang Li and Mr. Li Yasheng; and independent non-executive Directors are Mr. Guo Litian, Mr. Yao Zhijun and Mr. Wan Joseph Jason.

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