Hailiang Investment acquired Hailiang Mingyou Future (Zhejiang) Education Technology Co., Ltd. from Hailiang Education Group Inc. (NasdaqGM:HLG) for CNY 6.5 million on October 9, 2021. The net loss of Hailiang Mingyou Future for the year ended 31 December 2020 was approximately CNY 1.8 million. Hailiang Investment completed the acquisition of Hailiang Mingyou Future (Zhejiang) Education Technology Co., Ltd. from Hailiang Education Group Inc. (NasdaqGM:HLG) on October 9, 2021.