RYB Education ^{Priced, NYSE: RYB}

We are the largest early childhood education services provider in China and opened the first play-and-learn center in 1998. In our nearly two decades of operating history, we have built the well-recognized "RYB" education brand and developed many education practices in China's early childhood education industry, and our substantial growth was powered by our industry-leading curriculum development capability and teacher training system. As of June 30, 2017, our nationwide teaching facility network covered 307 cities and towns in 30 provinces and municipalities. Our comprehensive early childhood education solutions target 0-6-year-old children. Through our VIE, its subsidiaries and sponsored kindergartens, we provide kindergarten services and play-and-learn center services, as well as at-home education products and services. Outside of our network, we license our separately developed courses, sell educational products and also provide kindergarten operation solutions through our Hong Shan Enable Alliance. As of June 30, 2017, we directly operated 80 kindergartens under our "RYB" brand and franchised an additional 175, covering 130 cities in China. Our play-and-learn centers are predominantly operated through franchise and totaled 853 as of 1H17.