Wisdom Education International : Environmental, Social and Governance Report 2021

Wisdom Education International Holdings Company Limited

光正教育國際控股有限公司

(incorporated in the Cayman Islands with limited liability) Stock code : 6068

ENVIRONMENTAL, SOCIAL

AND GOVERNANCE REPORT

2021

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Contents

Overview	18	Contributing to Society with
Enthusiasm
ESG Governance Structure	19	ChainBuilding a High-quality Supply
Communication with		Providing Equal Opportunities
Stakeholders	20 to Recruit Excellent Teachers
Assessment of Material		Providing Continuous Training
Issues	22 to Maintain Quality Education
Creating a Safe Campus	23	Offering Competitive and
Attractive Benefits
Responsible Publicity to	24	Avoiding the Employment
Labourof Child Labour and Forced
Recruit Talents
Exploring for Elites and	25	Environmental Protection
Providing All-round Quality
Development
Establishing Connections	29	Personal Data Privacy
Together with Parents
Providing Professional	30	Anti-corruption
Development Prospect for
Teachers
	31	Index of the Hong Kong Stock
	GuideExchange's ESG Reporting

Overview

Wisdom Education International Holdings Company Limited (the "Company") (stock code: 6068), together with its subsidiaries (collectively referred to as the "Group" or "we", "us", "our") is pleased to present its Environmental, Social and Governance Report for the year ended 31 August 2021 (the "Report") to share with the stakeholders our efforts and achievements in sustainable development on all fronts over the past year.

"Serving the society with honesty and integrity through our services and cultivating talents with a warm and loving heart" has always been our educational objectives. We were mainly engaged in the provision of full spectrum private fundamental education, including primary, middle and high schools in the People's Republic of China (the "PRC"). According to our annual results announcement published on 17 December 2021 (the "Results Announcement"), schools falling within the scope of the Report were affected by the Implementation Regulations of the People's Republic of China on the Law Regarding the Promotion of Private Education (the "Implementation Regulations"), and therefore deconsolidated on 31 August 2021. For details, please refer to the Results Announcement.

Scope of the Report and the Reporting Period

The scope of the Report is same as the previous year. It covers the environmental, social and governance ("ESG") performance of Dongguan Guangming Primary School ("Guangming Primary School"), Dongguan Guangming Secondary School ("Guangming Secondary School") (collectively referred to as "Guangming Primary and Secondary Schools") and Dongguan Guangzheng Preparatory School ("Dongguan Guangzheng School"), all located in Dongguan City, Guangdong Province, for the period from 1 September 2020 to 31 August 2021 ("FY2021"). The number of students and revenue of these three schools have accounted for more than 50% of the total number of students and total revenue of the Group (including the Remaining Business and Affected Entities) for FY2021.

• Wisdom Education International Holdings Company Limited

Overview (Continued)

Reporting Principles

The Report is prepared in accordance with the Environmental, Social and Governance Reporting Guide set out in Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). For details of our corporate governance, please refer to the section headed "Corporate Governance Report" in the Company's 2021 Annual Report. In the preparation of the Report, we have complied with the following ESG reporting principles:

	The Stock Exchange's explanations
Reporting principles	on reporting principles	Response from the Group

Materiality	The threshold at which ESG issues
	determined by the board are sufficiently
	important to investors and other
	stakeholders that they should be reported.

The Report focuses on the material aspects identified and assessed by the Board of Directors (the "Board") and management of the Group for FY2021. Please refer to the section headed "Assessment of Material Aspects" for the detailed procedures of determining material aspects.

Quantitative	KPIs in respect of historical data need
	to be measurable. The issuer should set
	targets to reduce a particular impact. In this
	way the effectiveness of ESG policies and
	management systems can be evaluated and
	validated. Quantitative information should
	be accompanied by a narrative, explaining
	its purpose, impacts, and giving comparative
	data where appropriate.

The Report discloses key performance indicators (KPI) in a quantitative manner, where practicable. At the same time, the Report assesses the effectiveness of ESG- related policies and management systems effectively by disclosing performance data for the past and FY2021.

Balance	The ESG report should provide an unbiased
	picture of the issuer's performance. The
	report should avoid selections, omissions,
	or presentation formats that may
	inappropriately influence a decision or
	judgment by the report reader.
Consistency	The issuer should use consistent
	methodologies to allow for meaningful
	comparisons of ESG data over time.

The Report presents the Group's performance for FY2021 in an unbiased manner to avoid the possibility of inappropriately influencing a judgement or decision by the Report reader.

The Report adopts consistent statistical methodologies for disclosure of data to ensure comparability.

Environmental, Social and Governance Report 2021

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Overview (Continued)

If you have any questions or feedback on this Report, please contact us through the following channels:

Address:	Room 3302, 33/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
Telephone:	(852) 3899 3588
Fax:	(852) 3899 3522
Email:	[e-mail]

The opening ceremony for the first semester of 2020-2021 academic year of Dongguan Guangzheng School

• Wisdom Education International Holdings Company Limited