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1 China Xinhua Education Group Limited 中國新華教育集團有限公司 (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立之有限公司 ) Stock Code 股份代號 : Annual Report 2017 年報

2

3 Yang Zhanjun Yang Zhanjun Yang Zhanjun Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive, P. O. Box 2681 Grand Cayman, KY Cayman Islands Cricket Square Hutchins Drive, P. O. Box 2681 Grand Cayman, KY Cayman Islands

4 , , , , , , , , , , , , , , , , , , , , , , , , , ,522 55,141 (77,283) 785, , , , , , , , (%) 50.9% 56.9% 53.2% 53.2% % 25.4% 28.9% 30.0% 14.6% 17.4% 16.2% 14.7%

5 % % GDP % 25, % ,6645,3585, % %

6 % %

7 , ,

8 , ,262 (145,481) (124,032) 192, ,230 53,796 44,371 (5,375) (5,677) (66,857) (42,942) 174, , , ,982 (2,083) (2,434) 171, , , ,775 29,034 26, , ,394 32,389 27,972 4,686 4,896 37,075 32, , ,262

9 % (i) (ii) (iii) , , ,136 68,702 36,584 30,862 11,607 10,027 8,153 5,228 9,849 4,310 4,085 3,892 1,067 1, , , % (i) (ii) 5.5(iii) 5.4(iv)2.9

10 % % % (1) 21,311 20,850 (2) 14,931 14,863 (3) 6,193 1,657 (4) 9,262 5,368 (5) (6) 1, ,796 44,371 (1) (2) (3) (4) (5) (6) % (i)4.5 (ii)

11 % % (i) (ii) (iii) % % % %

12 ,199 12,293 3, , , , , , , , , , ,932 87, , ,073 4, , , , , %(i) (ii) (i) (ii) (iii)

13 , , (i) (ii) (iii) ,129 1,209 11,164 2,323 12,293 3, (i) (ii)

14 , , % , ,581 26,599 20, , , %

15 (i) (ii)(iii) (iv)(v) (vi) ,300 30,199 5,943 9,565 29,173 16,460 13,032 12,256 25,682 18,529 25, ,932 87, % (i) 25.8(ii) (iii)

16 ,261 39, , ,761 39,

17 (1) 50.9% 56.9% (2) (3) 19.5% 25.4% (4) 14.6% 17.4% (1) (2) (3) (4) % % % % (i) (ii)

18

19 , , , , , , ,009 87,009 87,009 9,182 9,182 9,182 96,191 96,191 96,191

20

21

22

23

24 Yang Zhanjun Yang Yang Andersen & Co Shanghai Hawei New Material and Technology Co., Ltd RI B Software AG RSTAG Th e9 Limited NCTY

25

26

27

28 , ,3737.9% % % %(6.0%) (5.5%) (5.3%) ,0706.9% % 20211,487

29 ,0302 5,3700.3% 20122, , % ,300 1, ,9202.7% -0.3% 1.7% % ,3907.8% % % % % % % % % % % % 50.0%2015

30 (i) (ii) % 64.0% 87.0% % 94.4%77.9% 78.4% % 96.8%

31 % %22.5% % 24%

32

33 % , ,775 28, % 29,034 26,619 2, % 300, ,394 30, % 37,075 32,868 4, % ,995 11,305 1,429 1,297 5,419 4, ,737 9,714 1,323 1,181

34 (2) (3) ,564 23, % 6,272 4, % 27,836 28, % ,664 27, % 5,358 4, % 28,030 31, % (1) (2) ,2193, % 89.1% (3) , ,358

35 ,800 (i) 10,000 (ii) % 15.8%3.7% %10, %10,

36 % % % % %5% ,285,194,000 36,972,810

37 Yang Zhanjun 84 ) 19 26

38

39 VI XV XV XV (%) 1,148,491, (1)

40 XVXV XV XV23 (%) 1,148,491, ,148,491, (1) XV

41 (a) (b) (c) (d) (e) (f) (g)(a) (f) 10%40,000,000 10% 12 1% 12 1%

42 (a)(b) (c) (i) (ii)(i)

43 A 14A (1) %

44 (2) A

45 % (3) (6) (7) (4) (5) (1) (2) (8) 100% 1. (2) 2. (2) 3. (3) 4. (4) (5) 5. (4) (6) 6. (7) (8) 7. (10) 8. (11) 9.

46 B. (1) (i) (ii) (i) (ii) (iii)

47 (2) (a)(b) (c) (d) (e)(f)(g)(h) (a) (b)(c) (d) (e)(f) (g) (h)(i)(j)(k) (l) (m) (3)

48 (4) (a) (b)(c) (d)(e) (f) (g)(h) (i) (a) (b)(c) (d) (e) (f) (g) (h) (i) (ii)

49 (5) (4) (6) (7) (a) (b)(c) (d) (e) (f)(g) (h) (i)

50 (i) (ii) (8) (7) (9) (a) (b) (c) (d)

51 (e) (f) (10) (a) (b) (c)

52 (a) (b) (c) (a) (i) (ii) (1) (b) (3)

53 (c) (11) (i)(ii) (iii) (iv) (v) C.

54 D. E , , , ,548 1,326,598 1,035,620 F. (i)(ii) ,958 1,326,598 G.

55 (a) (b) (a) (b) 50% (i) (ii)

56 (iii) (iv) (v)

57 BVI ,800

58 (i) (ii) (i) 50% (ii) 50%(a) 50% (b) 50%(c) (iii) 19

59 (a)

60 (b) (c) ,000110% 100,000110% 50,000500,0005%

61 (i)71.78% (ii) (iii) H % 2016

62 (a) (b) (c) (d) (e) (a) (b) (c)

63 (d) I. J. (3) (i) (ii) (iii) (4)

64 A (1)

65 %

66 Yang Zhanjun

67 (1) 3.10(2) 3.10A 3.13

68 C/D C/D C/D C/D Yang Zhanjun C/D C/D C/D A B C D A.2.1

69 (3) /2 2/2 2/2 2/2 2/2 Yang Zhanjun 2/2 2/2

70 (a) (b) (c) (d) (e) (f)

71 Yang Zhanjun

72 Yang Zhanjun

73 , ,171 2,171

74 ( 21

75

76

77

78

79

80

81 , ,262 (145,481) (124,032) 192, , ,796 44,371 (5,375) (5,677) (66,857) (42,942) 174, ,982 6(a) 6 174, ,982 7 (2,083) (2,434) 171, ,548 9,715 4,772 (9,262) (5,368) 453 (596) 172, ,

82 , , ,437 92, ,301 3, , , , , ,293 3,532 26(b) 237, , , , , , , , , ,932 87,009 26(b) 511 9, ,073 4, , , , ,522 1,000, ,992

83 , , * 50, , , , ,614 * 1,

84 , , , , , ,548 (596) (596) (596) 172, ,952 23(b)(ii) 41,687 (41,687) , , , , , , , ,411 23(b)(i) 1,720 59,180 60,900 23(b)(i) (51,720) 51,720 23(b)(ii) 47,631 (47,631) * 110, , , ,925 * 1,000

85 , ,033 (5,295) 257, ,033 (59,446) (61,142) (2,938) (1,206) (195,961) 233,038 (277,497) (264,500) 265, (1,579,000) (1,031,000) 1,473,262 1,162,368 (131,002) (207,135) 264,500 (265,000) (830) 23(b)(i) 60,900 60,900 (1,330) 187,149 1, , , , ,874

86 (a) 2(c)

87 (b) (f) 3 (c) 19(c)7 (d)

88 (d) 2(j)(ii) (e) (f)

89 (f) 2(j)(i) 2(j)(i) (g) 2(j)(ii) 2(t)

90 (g) 2(j)(ii) (h) 2(j)(ii) 5 (i) (i)

91 (i) (ii) 2(j)(ii) (iii) (j) (i)

92 (j) (i)

93 (j) (ii)

94 (k) 2(j)(i) (l) (m) (n) (o) (i) (ii)

95 (p)

96 (q) (r) (i) 9 6 (ii) (iii) (iv)

97 (s) (t) (u) (a) (i) (ii) (iii)

98 (u) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) (v)

99 (a) (b) (i) 2(g)

100 (b) (ii) 2(j)(ii) 4 (a) , ,394 37,075 32, , ,262 10% (b) 8

101 ,311 20,850 14,931 14,863 (i) 6,193 1,657 9,262 5, , ,796 44,371 (i) (a) 830 (i) (830) (i) 2016

102 (b) 91,650 85,797 (i) 6,520 6,306 98,170 92,103 (i) (c) 48,027 41,167 1, ,557 2,557 2, ,971 44,701

103 (a) ,083 2,434 (i) (ii) (iii) (iv) 25% (b) , ,982 43,510 43,746 (45,941) (40,545) 4,441 (786) ,083 2,434

104 (c) ,209, ,446,129 (d) % ,584, ,257,

105 ,424 1, ,450 1,335 1,000, ,200,000, ,200,000,

106 ,564 8, ,879 53, , ,297 10, ,589 5,746 47,787 72,250 (62) (94) (28) (184) 88, (89,362) ,342 9, ,195 59,318 63, , ,342 9, ,195 59,318 63, ,363 1,453 9,671 6,779 51,754 69,657 (545) (476) (708) (1,729) 83, (83,881) ,366 10, ,497 66,139 31, , (135,059) (4,755) (68,326) (32,932) (241,072) (21,779) (728) (12,976) (5,684) (41,167) (156,838) (5,428) (81,213) (38,588) (282,067) (156,838) (5,428) (81,213) (38,588) (282,067) (26,973) (813) (13,303) (6,938) (48,027) , (183,811) (5,736) (94,043) (44,818) (328,408) ,504 4,139 44,982 20,730 63, , ,555 4,739 41,454 21,321 31, , ,452, ,088,586

107 , , , , (34,878) (32,321) (2,557) (2,557) (37,435) (34,878) ,437 92, ,649 7,443 2,938 1, ,587 8, (5,070) (4,118) (1,216) (952) (6,286) (5,070) ,301 3,579

108 (i) 197, (i) ,961, % % Xinhua Education, Inc % * (a) ,000, % * (b) ,720,000 51,720, % * (b) ,480,000 60,480, % * (b) ,950,000 4,950, % (a) (b) *

109 , ,199 24(a) ,129 1,209 11,164 2,323 12,293 3, , , (a) , ,874

110 (b) , ,982 6(c) 49,243 42,119 6(c) 2,557 2,557 5 (9,262) (5,368) 216, ,290 (7,404) 1,493 24,895 13,037 28,103 (18,268) 373 (519) 262, ,033 (c) (a) , ,500 (265,000) (830) (265,830) (a)

111 , ,581 26,599 20, , , (i) 31,300 30,199 5,943 9,565 29,173 16,460 13,032 12,256 25,682 18,529 25, ,932 87,009 (i) ,011 1,530 6,566 1,138 (6,193) (1,657) 1,384 1, ,384 1,011

112 (a) ,00038,000, , (b) (i) ,900,0001,720, (ii) (i)(ii) 10%50% 25% 25%

113 (b) (iii) 23(b)(i) ,900, (c) (d) , ,006 1,326,598 1,035,620 25% 26%

114 (a) 92 (b)

115 (b) , , , , , , ,009 87,009 87,009 9,182 9,182 9,182 96,191 96,191 96,191 (c) (i) 13

116 (c) (i) , , % 4.55% 0.50% 53, % 5.00% 0.50% 7,000

117 (c) (i) , ,664 1,579,000 1,031, (1,464,068) (1,157,664) , ,068 (ii) ,261 39, , ,761 39,690

118 Anhui Xinhua Investment Co., Ltd Anhui Huadong Chuanmei Co., Ltd Anhui New East Cuisine Education Institute Xinhua Computer College Hefei Wanzhi Trading Co., Ltd (a) ,778 2,741 3,939 5, ,038 (277,497) 264, ,000

119 (b) ,850 94, , , ,950 (c) 8 9

120 * * * * * * * * * * * * 1,000

121

122 (i)

123 (1) (2) ,999, ,199,994,828 (3)

124 廳 ,199,994,828 A

125 (2017)

126 %

127 GEM

128

129

130 BVI % 51.6% 10% % 0.97% 3.33%

131 Xinhua Education, Inc %

132

China Xinhua Education Group Limited 400,000,000 40,000, ,000, % % 0.005% C

China Xinhua Education Group Limited 400,000,000 40,000, ,000, % % 0.005% C CHINA XINHUA EDUCATION GROUP LIMITED 中國新華教育集團有限公司 於開曼群島註冊成立之有限公司 股份代號 02779 全球發售 獨家保薦人 聯席全球協調人 聯席賬簿管理人及聯席牽頭經辦人 China Xinhua Education Group Limited 400,000,000 40,000,000 360,000,000 3.69 1.0% 0.0027%

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