About LEADER EDU Company

The company is a large private formal higher education service provider in Heilongjiang Province, China. It operates a school in Harbin, Heilongjiang Province, namely the Heilongjiang Institute of Business (the “School”). As of the 2016/2017 academic year, 2017/2018 school year, 2018/2019 school year, and 2019/2020 school year, the total number of students enrolled in the school was 7,550, 7,800, 8,256 and 8,818, respectively, with a compound annual growth rate of about 5.3%. For the 2019/2020 school year, as of February 29, 2020, the total number of students enrolled in the school was 8,807, and the teacher team was 450. The Heilongjiang Institute of Business and Business was established in 2002 in Harbin, Heilongjiang Province, China, as a private university level educational institution with degree-awarding qualifications. It mainly offers undergraduate courses. During the track record period, we enrolled students from more than 20 provinces, municipalities and autonomous regions of China. The school offered 26 majors, covering a variety of fields, including engineering, commerce, railways, economics, literature and art. At the last practical date, it offered 22 courses in a variety of majors. We believe that the following competitive advantages have contributed to the company's success and will continue to set us apart from our competitors: (i) Heilongjiang Province's large-scale integrated and applied science private general higher education service institutions, which enjoy a good reputation and have strong growth potential; (ii) have strong professional and curriculum development capabilities that enable us to design specialized market-oriented disciplines to support the economic development of China and the region and meet the huge local demand for professional and technical talents; (iii) maintain a broad and effective school-enterprise cooperative business model to enhance students' competitiveness; (iv) according to the market Demand-driven, professional-oriented courses and the quality education we provide enable our students to obtain high initial employment rates; (v) develop and cultivate cooperative relationships with international organizations; and (vi) have an experienced, reputable and forward-thinking management team with a proven track record, and a highly qualified teaching team. We intend to continue to expand our business and school network. To achieve our goals, we plan to implement the following business strategies: (i) expand our business operations to achieve economies of scale; (ii) seek strategic acquisitions of suitable schools in China to further expand market penetration; (iii) further advance our professional-oriented and applied science education by strengthening school-enterprise cooperation and improving practical training courses; (iv) optimize our pricing strategies and diversify our revenue sources to improve profitability; (v) continue to expand applied science and skills-oriented majors to seize development opportunities brought about by the “Belt and Road” initiative; and ((v) vi) Attracting, motivating and retaining professionals to improve the quality of our teachers. College Overview/School Profile The Heilongjiang Institute of Business (formerly Chengdong College of Northeast Agricultural University) is a private independent college established with the approval of the Heilongjiang Provincial People's Government in May 2002 and officially registered with the Ministry of Education in February 2004. In 2011, all the education and teaching resources of the Limin Campus of the former Heilongjiang University of Science and Technology were integrated into Chengdong College as a whole, greatly improving the school's comprehensive operating strength and core competitiveness. In 2015, with the approval of the Ministry of Education (Education Letter [2015] No. 81), the school changed its name to Heilongjiang Business School, with the logo code 4123013300. The higher authority in charge of the school is the Heilongjiang Provincial Department of Education. The level of operation is full-time undergraduate degree education, and uniformly enrolment is implemented throughout the country within the national plan. The school is divided into two parts: the Songbei Campus and the Hanan Campus. The Songbei Campus is located at No. 33, Qunying Street, Xueyuan Road, Limin Development Zone, Harbin (formerly No. 1 Shidai Street), and the Hanan Campus is located at No. 9 Chongwen Road, Hanan 16th Avenue, Harbin.