Chen Lin Education Successfully Listed in Hong Kong, First Capital Securities acts as the joint lead manager


On 13 December 2019, Chen Lin Education Group Holdings Limited (“Chen Lin Education”; Stock code: 1593.HK) was successfully listed on the Main Board of HKEx. China First Capital Group (“CFCG” or the “Group”; Stock code: 1269.HK), a wholly-owned subsidiary, First Capital Financial Group Limited (“FC Financial Group”) and its First Capital Securities Limited (“FC Securities”) act as joint lead manager. Mr WanYunbao, the Vice President of XiShan Education Group, which is the subsidiary of CFCG attended the listing ceremony.

Chen Lin Education's placement price range was HK$ 2.2-3.52, and the final price is HK$ 2.2. Among the net proceeds of HK $ 478 million.

Mr. Huang Yulin, the Chairman of the Board of Directors of Chen lin Education Group Holdings Limited

At the listing ceremony, Mr. Huang Yulin, the Chairman of the Board of Directors of Chen lin Education Group Holdings Limited, stated in his speech that Chen lin Education will improve the school facilities, enhance the brand recognition and reputation, expand the business and school network,continue to optimize the program and course offerings in order to enhance the competitiveness of the students, further strengthen and diversify the education related services, continue to attract and retain talented teachers and other professionals. Looking into the future, they want to return the support of investors with more excellent performance.

Mr WanYunbao(the right), the Vice President of XiShan Education Group, wich is the subsidiary of CFCG was invited to the listing ceremony of Chen lin Education

Chen lin Education is one of the leading providers of private higher education in Jiangxi province, China, with over 17 years of experience in the private higher education industry. They currently operate one private university located in Nanchang, Jiangxi province, namely the Jiangxi University of Applied Science (the ‘‘JUAS’’ or the ‘‘School’’), and offer undergraduate and junior college programs, as well as diverse education related services. For the 2018/2019 school year, the School of Chenlin Education had a total number of student enrollment of 14,423 and it ranked 4th among the 31 private higher education institutions in Jiangxi province in terms of student enrollment for the 2018/2019 school year.