Puxin ^{Priced, NYSE: NEW}

We are a successful consolidator of the after-school education industry in China. We have strong acquisition and integration capabilities to effectively improve education quality and operational performance of acquired schools. Through acquisitions and organic growth, we have grown rapidly and became the third largest after-school education service provider in China in 2017 in terms of student enrollments, according to the Frost & Sullivan report. Since our inception, we have acquired 48 schools and built a nationwide network of 397 learning centers across 35 cities in China as of March 31, 2018. Our total student enrollments increased 180.4% from 454,945 in 2016 to 1,275,723 in 2017, representing the fastest growth among major after-school education service providers in China, according to the Frost & Sullivan report. In the first quarter of 2017 and 2018, our total student enrollments were 185,446 and 260,973, respectively.