We are the largest operator of private high schools in Western China and the third-largest operator in all of China in terms of student enrollment as of Dec. 31, 2019, according to the CIC report. We experienced the fastest growth rate with a CAGR of 77.3% in terms of high school student enrollment and with a CAGR of 41.4% in terms of the number of high schools from Dec. 31, 2015, to Dec. 31, 2019, among the top 20 operators of private high schools in China, according to the CIC report.

We believe we are well-positioned to seize the enormous and sustainable demand for high-quality high schools in China.

(Note: Revenue and net income figures are in U.S. dollars for the nine months ended Sept. 30, 2020, according to the prospectus.)