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minshengedu.com

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Funds

1

About Minsheng Education

Minsheng Education (民生教育) (HK: 01569) is a private schools operator.

Minsheng Education Headquarter Location

301, 3rd Floor, Fuer Tower, East Third Ring Middle Road No.9 Chaoyang District

Beijing, Beijing,

China

+86-10-85911099

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Latest Minsheng Education News

Minsheng Education : APPOINTMENTS OF SENIOR MANAGEMENT AND STRENGTHEN THE INTERNAL CORPORATE STRUCTURE

Jul 27, 2020

02/25 02/20 0 Message : *Required fields 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. Minsheng Education Group Company Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1569) STRENGTHEN THE INTERNAL CORPORATE STRUCTURE This is a voluntary announcement made by Minsheng Education Group Company Limited (the "Company", together with its subsidiaries, the "Group"). APPOINTMENTS OF SENIOR MANAGEMENT The board (the "Board") of directors (the "Director(s)") of the Company is pleased to announce the appointments of (i) Mr. Derek Yiyi Feng ("Mr. Feng") and Ms. Huang Yu ("Ms. Huang") as the president of the Company; and (ii) Mr. Wang Wei ("Mr. Wang") as the audit director of the Company and with effect from 27 July 2020. Mr. Feng Mr. Feng was appointed as a president of the Company with effect from 27 July 2020 and is responsible for the online education business, overseas investment and mergers and acquisitions of the Group. Mr. Feng, aged 53, has 14 years of management experience in the education industry. Prior to joining the Group, Mr. Feng held various executive leadership positions at General Electric Company and served as chief executive officer and other senior management positions of several reputable education groups such as Knowledge Universe Education Group, Chinacast Education Corporation (雙威教育集團), Beijing Global World Education Technology Company Limited* (北京環球天下教 育科技有限公司) and Bright Scholar Education Group Holdings Limited (博實樂教育集團控股有限 公司). - 1 - Mr. Feng graduated from Tsinghua University, Beijing, China, in 1989 with a bachelor's degree in industrial automation and obtained a master's degree in business administration from University of California, Los Angeles, the United States, in 1992. Ms. Huang Ms. Huang was appointed as a president of the Company with effect from 27 July 2020 and is responsible for the on-campus education business and public affairs of the Group. Ms. Huang, aged 40, has 18 years of experience in the education industry. Prior to joining the Group, Ms. Huang held various management positions at Central China Normal University* (華中師範大學), China Scholarship Council* (國家留學基金管理委員會) and relevant government authorities. Ms. Huang graduated from Central China Normal University* (華中師範大學), Wuhan, Hubei Province, China, with a bachelor's degree in English education in 2002 and a master's degree in legal studies in 2009. Mr. Wang Mr. Wang was appointed as the audit director of the Company with effect from 27 July 2020 and is responsible for the audit and risk control of the Group. Mr. Wang, aged 53, joined the Group in October 2005. Mr. Wang has over 15 years of experience in finance and accounting and is primarily responsible for the finance and auditing of our Group's schools in China. Prior to joining our Group, Mr. Wang worked as an accountant with Beijing Zhongruicheng Lianhe Accounting Firm Chongqing Branch* (北京中瑞誠聯合會計事務所重慶分所) and an accountant with Chongqing Tongguan Accounting Firm Co., Ltd.* (重慶通冠會計師事務所有 限責任公司). Mr. Wang graduated from Jiangxi Caijing College* (江西財經學院) (currently known as Jiangxi University of Finance and Economics* (江西財經大學)), Nanchang, Jiangxi Province, China, with a bachelor's degree in economics in July 1989. The Board would like to extend its warmest welcome to the abovementioned appointments of the senior management. - 2 - STRENGTHEN THE INTERNAL CORPORATE STRUCTURE The following are the positions and main responsibilities of the executive Directors and senior management of the Company: Executive Director/

Minsheng Education Acquisitions

5 Acquisitions

Minsheng Education acquired 5 companies. Their latest acquisition was WORKAI on July 19, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/19/2021

Unattributed VC

$991

Corporate Majority

1

6/27/2021

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$991

$99M

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10

10/15/2020

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$99M

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10

3/25/2020

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$991

$99M

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10

3/15/2019

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$991

$99M

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10

Date

7/19/2021

6/27/2021

10/15/2020

3/25/2020

3/15/2019

Investment Stage

Unattributed VC

Companies

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Valuation

$991

$991

$991

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Corporate Majority

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Sources

1

10

10

10

10

Minsheng Education Fund History

1 Fund History

Minsheng Education has 1 fund, including Education Industry M&A Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Education Industry M&A Fund

$1,457.05M

2

Closing Date

Fund

Education Industry M&A Fund

Fund Type

Status

Amount

$1,457.05M

Sources

2

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