Comprehensive Overview

The group mainly works in Zhengzhou to provide after-school education services for primary and secondary schools. According to Frost & Sullivan's report, based on the number of readers in 2019, the Group is the largest provider of post-primary and secondary education services in Henan. Based on revenue in 2019, the Group is the second largest provider of post-primary and secondary education services in Henan, with a market share of about 2.5% of all such service providers in Henan.

The group has 80 self-operated teaching centers, 79 of which are located in Zhengzhou and 1 in Xinxiang. In addition, the group has 12 patent operators in regions other than Zhengzhou. The Group provides services for the three main subjects under three different brands at each self-operated teaching center, namely “Oyama” for teaching English, “Gobuko” for teaching the language, and “decimals” for mathematics (and other science subjects). The group provides students with such subjects in the form of regular classes, quality classes and VIP classes, for students to choose according to their learning needs and preferences.

Risk Factors

The Group's business depends on the brand's market popularity and reputation; the Group operates in a highly regulated business and is required to have business licenses, permits and certificates; if the Group fails to respond adequately and quickly to changes in the Chinese education system, admission standards, examination materials or teaching methods, which may adversely affect the business; the Group may be unable to recruit or retain suitable personnel to serve as teachers.