Hope Education : DELAY IN DESPATCH OF CIRCULAR

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HOPE EDUCATION GROUP CO., LTD.

Ҏૐ઺ԃණྠϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code:1765)

DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of Hope Education Group Co., Ltd. (the "Company") dated 12 October 2020 in relation to (i) the major transaction in relation to the Acquisition and the Proposed Subscription of shares of the Target Company; and (ii) Entrustment of voting Rights in the Target Company. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

As stipulated in the Announcement, a circular containing further details in relation to the (i) the major transaction in relation to the Acquisition and the Proposed Subscription of shares of the Target Company; and (ii) Entrustment of voting Rights in the Target Company (the "Circular") was expected to be despatched to the Shareholders on or before 3 November 2020. As additional time is likely to be required for the Company to prepare and finalize certain information for inclusion in the Circular, the Company has applied to the Stock Exchange and the Stock Exchange has granted a waiver from strict compliance with Rule 14.41(a) of the Listing Rules for an extension of the date of despatch of the Circular on or before 26 February 2021. As more time is required for the Company to update and finalize financial information of the Target Group, the Company is in the process of applying to the Stock Exchange for an extension of time for despatch of the Circular.

By order of the Board

Hope Education Group Co., Ltd.

Chairman

Xu Changjun

Hong Kong, 3 March 2021

As at the date of this announcement, the executive Directors are Mr. Xu Changjun, Mr. Wang Huiwu and Mr. Li Tao; the non-executive Directors are Mr. Wang Degen, Mr. Tang Jianyuan and Mr. Lu Zhichao; and the independent non-executive Directors are Dr. Gao Hao, Mr. Chen Yunhua and Mr. Zhang Jin.