Hope Education : Notice of Listing on The Stock Exchange of Hong Kong Limited - TEQU MAYFLOWER LIMITED - US$350,000,000 Zero Coupon Guaranteed Convertible Bonds Due 2026

NOT FOR DISTRIBUTION IN THE UNITED STATES

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or a solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities.

This announcement is not an offer of securities for sale or the solicitation of an offer to buy securities in the United States or in any country or jurisdiction in which any such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such country or jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and will contain detailed information about the Company and management, as well as financial statements. The Company has not registered and does not intend to register any of the Notes in the United States.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

TEQU MAYFLOWER LIMITED

(incorporated in the Cayman Islands as an exempted company with limited liability)

(the "Issuer")

US$350,000,000 ZERO COUPON GUARANTEED CONVERTIBLE BONDS DUE 2026

(Stock Code: 40600)

unconditionally and irrevocably guaranteed by

Hope Education Group Co., Ltd.

Ҏૐ઺ԃණྠϞࠢʮ̡

(incorporated in the Cayman Islands as an exempted company with limited liability)

(the "Guarantor")

(Stock Code: 1765)

Sole Bookrunner and Sole Manager

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the zero coupon guaranteed convertible bonds due 2026 in the aggregate principal amount of US$350,000,000 (the "Convertible Bonds"), to be issued by Issuer, and unconditionally and irrevocably guaranteed by the Guarantor, as described in the offering circular dated February 22, 2021 (the "Offering Circular"). The Convertible Bonds will be offered to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) only. The listing of, and permission to deal in, the Convertible Bonds is expected to become effective on or around March 3, 2021.

By order of the Board

Hope Education Group Co., Ltd.

Chairman

Xu Changjun

Hong Kong, March 2, 2021

As at the date of this announcement, the sole director of the Issuer is Mr. Wang Huiwu, and the executive directors of the Guarantor are Mr. Xu Changjun, Mr. Wang Huiwu and Mr. Li Tao; the non-executive directors of the Guarantor are Mr. Wang Degen, Mr. Tang Jianyuan and Mr. Lu Zhichao; and the independent non-executive directors of the Guarantor are Dr. Gao Hao, Mr. Chen

Yunhua and Mr. Zhang Jin.