Hope Education : VOLUNTARY ANNOUNCEMENT - INTENTION OF WANG HUIWU, A CONTROLLING SHAREHOLDER, TO INCREASE SHAREHOLDING IN THE COMPANY

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.

HOPE EDUCATION GROUP CO., LTD.

希望教育集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1765)

VOLUNTARY ANNOUNCEMENT

INTENTION OF WANG HUIWU, A CONTROLLING SHAREHOLDER,

TO INCREASE SHAREHOLDING IN THE COMPANY

This announcement is a voluntary announcement made by Hope Education Group Co., Ltd. (the "Company").

The board (the "Board") of directors (the "Directors") of the Company was informed by Mr. Wang Huiwu (an executive Director, chief executive officer and the president of the Group) (the "Controlling Shareholder") of his intention to acquire the shares of the Company (the "Shares") from the open market (the "Shareholding Increase") within six months from the date of this announcement (the "Shareholding Increase Period"), subject to compliance with the applicable laws and regulations. According to the Controlling Shareholder, it is expected that the aggregate amount of consideration for the Shareholding Increase would not exceed HK$60 million. In addition, the Controlling Shareholder has indicated that the Shares proposed to be acquired would be held for medium- to long-term investment purposes, and he had no present intention to sell such Shares during the six months after the Shareholding Increase Period.

As at the date of this announcement, Mr. Wang Huiwu held 1,947,902,052 Shares of the Company, representing approximately 24.4% of the total share capital in issue of the Company. According to the available information to the Company and so far as the Directors are aware, the proposed Shareholding Increase would not give rise to an obligation to make a mandatory offer under Rule 26 of the Codes on Takeovers and Mergers and Share Buybacks, and there would be sufficient public float of the Shares in issue upon completion of the proposed Shareholding Increase.

Shareholders and potential investors of the Company should note that as at the date of this announcement, the Controlling Shareholder has not proceeded with the proposed Shareholding Increase. The proposed Shareholding Increase will be subject to the market conditions and will be at the absolute discretion of the Controlling Shareholder. Accordingly, shareholders and potential investors are advised to exercise caution when dealing in the Shares.

Hope Education Group Co., Ltd.

Joint Company Secretary and Board Secretary

Huang Zhongcai

Hong Kong, 7 May 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.