Virscend Education : (1) CHANGE OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVE AND (2) CHANGE OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG

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.

Virscend Education Company Limited

成 實 外 教 育 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1565)

1. CHANGE OF COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND PROCESS AGENT; AND
2. 1. CHANGE OF PRINCIPAL

PLACE OF BUSINESS IN HONG KONG

CHANGE OF COMPANY SECRETARY, AUTHORISED REPRESENTATIVE

AND PROCESS AGENT

The board of directors (the "Board") of Virscend Education Company Limited (the "Company") announces that Ms. Ng Sau Mei ("Ms. Ng") has resigned as the company secretary of the Company (the "Company Secretary") and ceased to act as an authorised representative of the Company (the "Authorised Representative") under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and an agent to accept services of process and notices on behalf of the Company in Hong Kong (the "Process Agent") under Rule 19.05(2) of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited ("Listing Rules"), with effect from 30 April 2021.

Ms. Ng has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

Following the resignation of Ms. Ng, the Board announces the appointment of Ms. Lau Jeanie ("Ms. Lau") as the Company Secretary, the Authorised Representative and the Process Agent, all with effect from 1 May 2021. Ms. Lau meets the requirements under Rules 3.28 and 8.17 of the Listing Rules.

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Ms. Lau is an Assistant Vice President of SWCS Corporate Services Group (Hong Kong) Limited. She is an associate member of both The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators) in England and The Hong Kong Institute of Chartered Secretaries. She has over 15 years of experience in corporate secretarial practice. She has been providing corporate services to companies overseas and in Hong Kong. Ms. Lau had been a company secretary of various listed companies on the Main Board of the Stock Exchange of Hong Kong Limited over the last 10 years.

The Board would like to express its gratitude to Ms. Ng for her valuable efforts and contributions to the Company and take the opportunity to express its warmest welcome to Ms. Lau on her new appointments.

CHANGE OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG

The Board hereby announces that the principal place of business of the Company in Hong Kong will change to 40th Floor, Dah Sing Financial Centre, No. 248 Queen's Road East, Wanchai, Hong Kong with effect from 1 May 2021.

By order of the Board

Virscend Education Company Limited

Wang Xiaoying

Chairwoman

Hong Kong, 30 April 2021

As at the date of this announcement, the executive directors of the Company are Ms. Wang Xiaoying, Mr. Ye Jiayu, Mr. Yan Yude and Mr. Deng Bangkai; and the independent non-executive directors of the Company are Mr. Sit Chiu Wing, Mr. Chan Kim Sun and Mr. Wen Ruizheng.

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