Hailiang Education Reports Pricing of Best Efforts IPO at $7/ADS

Hailiang Education Group Inc. today announced that its best efforts initial public offering of a minimum of 1,429,000 American Depositary Shares ("ADSs") and a maximum of 2,858,000 ADSs, each representing 16 ordinary shares of the Company, was priced at $7.00 per ADS.

The Company expects the offering to close on or around June 30, 2015 and that its ADSs will begin trading on NASDAQ under the symbol "HLG" as soon as practicable after closing. The Company plans to use the net proceeds of the offering for acquisition of additional schools, leasehold improvements, marketing to enhance its brand, recruitment of additional administrative staff, enhancing its information technology systems and general working capital purposes.

Network 1 Financial Securities, Inc. is acting as underwriter for the offering.

Hailiang's registration statement relating to the offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241, Red Bank, New Jersey 07701, Attention: Steven Sun, Director, Investment Banking or email [email protected] or by calling +1 (800)-886-7007.

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