EEdvantage Group (0382.HK) to expand by Constructing Another  New Campus located at  Guangdong-Hong Kong-Macau Greater Bay Area  with Capacity of over 30,000 Students


School Conditions Immensely Improved
Internal Growth Increasingly Enhanced
 
[5 June 2020, Hong Kong] Edvantage Group Holdings Limited (“Edvantage Group” or the “Group”, stock code: 0382.HK), the largest private higher education group in Guangdong-Hong Kong-Macau Greater Bay Area (the “Greater Bay Area”), is pleased to announce that the Group has successfully acquired a site (the “site”) in Xinhui District, Jiangmen, Guangdong Province recently. The site occupies an area of approximately 455,652 m2 (approximately 683 Mu) in total and will be used to build the first phase of the new campus of Guangzhou Huashang Vocational College (“Huashang Vocational College”) run by the Group. The planned area of the new campus of Huashang Vocational College is approximately 1,333,400 m2 (approximately 2,000 Mu) with an expectation to accommodate over 30,000 students. The estimated total investment in the first phase is RMB 600 million. The construction is expected to commence in August 2020 and the new campus is planned to be put into use in September 2021. Playing a crucial role to the Group, the new campus in Xinhui District will not only further enhance the recruiting capability of full-time academic qualification education of Huashang Vocational College under the Group, but also provide the Group with adequate conditions to further boost part-time academic qualification education in the future.
 
3 Campuses accommodating over 80,000 students: To date, Edvantage Group operates 3 campuses in China, including the existing Zengcheng campus, the new Sihui campus under construction and the newly planned new Xinhui campus. Zengcheng campus is shared by Huashang College Guangdong University of Finance and Economics (“Huashang College”) (undergraduate) and Huashang Vocational College (diploma), and the new Sihui and Xinhui campuses are respectively for Huashang College and Huashang Vocational College. The 3 campuses will be able to accommodate over 80,000 students of academic and non-academic education in total.
 
School conditions intensified; student enrolments considerably increased: From officially obtaining the land resources to putting the new campuses into use, our school conditions have already been adequately supplemented, boosting our recruiting capability. Since financial year 2021 (2020/21 school year), student enrolments of the Group will record a considerable growth: 1) The net increase in the number of students of the new Sihui campus is expected to record no fewer than 3,000 each year since financial year 2021; 2) Since the new Sihui campus has already released capacity of approximately 6,000 students in financial year 2021 (2020/21 school year), full-time undergraduate students in Zengcheng campus can be reallocated to the new Sihui campus in financial year 2021 (2021/21 school year ) and therefore full-time diploma education of Huashang Vocational College can recruit approximately 1,500 more students in financial year 2021; 3) The enhancements in school conditions due to the new Xinhui campus enable the number of full-time diploma students in financial year 2022 to grow by approximately 2,000 and that of part-time academic education students to grow by approximately 4,000.
 
The following table shows the estimated number of students in Edvantage Group’s 3 campuses in China in financial year 2021 and financial year 2022:
 

	Estimated number of students in Edvantage Group’s 3 campuses in China in financial year 2021 and financial year 2022
	Number of students in financial year 2020 (2019/20 school year)	Growth of number of students in financial year 2021 (2020/21 school year )	Growth of number of students in financial year 2022 (2021/22 school year)
Full-time academic education (Undergraduate, Huashang College)	Approx. 24,100	Increase at least 3,000 year on year	Increase approx. 3,000 year on year
Full-time Academic education (Diploma, Huashang Vocational College)	Approx. 10,661	Increase approx. 1,500 year on year	Increase approx. 2,000 year on year
Part-time academic education	Approx. 2,280	Increase approx. 3,000 year on year	Increase approx. 4,000 year on year

 
Leveraging top-level operating quality and the clear position as a private higher education group in the Greater Bay Area, while benefitting from the natural demographic dividend of the Greater Bay Area as well as national policies supporting the educational industry, Edvantage Group’s teaching brand and quality have been highly recognised by parents and students in recent years. Number of students and average tuition fee have also recorded a substantial and continuous growth. Apart from the strong endogenous growth, the Group has also planned to strengthen our long-term sustainable development through expansion, thus creating more value for the shareholders.
 
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About Edvantage Group Holdings Limited
Edvantage Group Holdings Limited (“Edvantage Group” or the “Group”, stock code: 0382.HK) is the largest private higher education group in the Greater Bay Area (in terms of total student enrolments of business majors for the 2017/2018 school year), and an early mover in education sector in pursuing international expansion. The total number of student enrolments of the Group were 35,300 as of 29 February 2020. The Edvantage Group currently operates two private higher education institutions located in the Great Bay Area of Guangdong Province, China, namely Huashang College and Huashang Vocational College. Huashang College and Huashang Vocational College focus their programme offerings on business programmes, such as accounting, finance, economics and business English. The Group also operates a private vocational education institution named Global Business College of Australia (“GBCA”) authorised by ASQA in Australia, offering vocational education courses and non-formal short-term courses. The Group has also acquired NYU Language School, a local private school in Singapore and has established the Singapore campus based in the existing NYU Language School. NYU Language School has been accredited as EduTrust by the Education Department of Singapore. The Singapore campus is expected to commence operation in the second quarter of 2020. It is qualified to offer internationally-recognised courses and accept local and overseas students in Singapore.