liberal arts and new engineering; School-enterprise "dual" education, as 
 well as in-depth cooperation with over 1,100 famous enterprises; Over 1,000 
                   construction, production and education integration bases. 
 
      Our core investment has achieved gratifying results. During the review 
  period, over 550 national,provincial, municipal and other awards have been 
granted to the schools. The technical talents cultivated by the schools have 
  become the backbone of serving the local economy. For example, 7 out of 10 
    people in Jingdong e-commerce operation team of Henan Province come from 
    Henan school; 2 out of every 5 technicians of Huawei ecosystem in Yunnan 
     Province are students from Yunnan School; 1 out of every 6 construction 
 engineering talents of Sinohydro Bureau 7 Co., Ltd., graduated from Guizhou 
                                                                     School. 
 
                                                                     Outlook 
 
  Strong competitiveness of organic growth with expected growth rate: in the 
  past three years, the organic growth rate of the Group has remained stable 
  at around 20%, maintaining a leading position in the industry. The average 
      tuition fees were far below the average market level, with huge growth 
                                                        potential in future; 
 
  Robust self-founding and acquisition in the future to promote expansion of 
   the school reach: the Group accelerated its deployment by focusing on the 
                  national strategies of "the coordinated development of the 
     Beijing-Tianjin-Hebei Region, development of the Yangtze River Economic 
    Belt, construction of the Guangdong-Hong Kong-Macao Greater Bay Area and 
         construction of an economic circle covering the area of Chengdu and 
   Chongqing". It is planned to commence the construction of the Greater Bay 
   Area project in early 2021; also, focusing on the target areas to promote 
its self-founding and acquisitions; and providing high-quality education and 
      teaching ability through mature operation management to cultivate more 
                  high-quality application-oriented talents for the society. 
 
Huge room for valuation improvement: the Group's valuation multiples are far 
below the industry average. With the continued strong organic growth and the 
   inevitable results of high-quality development of the Group, coupled with 
      future extensive growth, a better future of the Group can be expected. 
 
      Mr. Li Xiaoxuan, founder and chairman of the board of directors of the 
    Group, said: "In 2020, the Group's adoption of Two-wheel Driven 'organic 
      growth + value investment' growth strategy has been recognized. In the 
       future, the Group will continue to adhere to the path of high-quality 
     development, constantly improve the social benefits of running schools, 
        continuously improve the learning experience and employment level of 
 students, and promote the 'robust self-founding and acquisition' to achieve 
 the long-term and sustainable development goal of 'inclusive symbiosis with 
         organic growth and value investment', and provide more high-quality 
    application-oriented talents for the society to create greater value for 
                                                        social development." 
 
                                   -End- 
 
About China New Higher Education Group Limited: 
 
        China New Higher Education Group Limited is a leading private higher 
         education group in China with nearly 21 years of education industry 
     experience, specializing in providing higher education which focuses on 
   applied sciences. The Group endeavors to help each student maximize their 
potential and live their life to the fullest. Since 2009, the Group has been 
operating schools in different provinces and regions, and its current school 
      network covers 7 provinces in China, including Yunnan, Guizhou, Hubei, 
                                    Heilongjiang, Henan, Guangxi, and Gansu. 
 
     The Group provides high quality higher education in a wide selection of 
 fields in applied sciences. Its courses are designed to equip students with 
practical and readily applicable skills, helping to prepare them for the job 
  market. As a leader in high-quality employment, the Group won the title of 
  the Top 50 National Employment of the MOE, with an average employment rate 
         of above 97%. The Group became a constituent stock of the Hang Seng 
 Composite Small Cap Index and the Hang Seng Consumer Goods & Services Index 
 in the Hang Seng Composite Index Series in August 2017, and was included as 
  a constituent stock of the MSCI China Small Cap Index in November 2017 and 
  included as a constituent stock of Shenzhen and Hong Kong Stock Connect in 
                                                                 March 2018. 
 
  This press release is distributed by Wonderful Sky Financial Group Limited 
                      on behalf of China New Higher Education Group Limited. 
 
For further information, please contact: 
 
Wonderful Sky Financial Group Limited 
 
Aileen Wang / Sandy Bai 
 
Tel: (852) 3970 2226/ (852) 3970 2221 
 
Email: newhigheredu@wsfg.hk 
 
File: China New Higher Education Group Announces 2020.831 New Fiscal Year 
Results Continuous Strong Organic Growth Expected External Contributions in 
the Future Huge Room for Valuation Improvement [1] 
 
01/12/2020 Dissemination of a Marketing Press Release, transmitted by EQS 
Group. 
The issuer is solely responsible for the content of this announcement. 
 
Media archive at www.todayir.com 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=4b53555613b2a5d6839d8d434e280ee0&application_id=1151724&site_id=vwd&application_name=news

(END) Dow Jones Newswires

November 30, 2020 21:25 ET (02:25 GMT)