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Tuesday, 10 September 2019, 09:37 HKT/SGT
Student registration at colleges under the Edvantage Group (0382.HK) have grown significantly year-on-year

HONG KONG, Sept 10, 2019 - (ACN Newswire) - Edvantage Group Holdings Limited ("Edvantage Group" , stock code: 0382.HK), the largest private higher education group in the Greater Bay Area in terms of total student enrollment of business majors for the 2017/2018 school year and an early mover in pursuing international expansion, is pleased to announce today that two private higher educational institutions, Huashang College Guangdong University of Finance & Economics ("Huashang College" or the "College") and Guangzhou Huashang Vocational College ("Huashang Vocational College" or the "Vocational College") have been running the student registration for the 2019/2020 school year smoothly. Benefiting from the significant talent demand in commercial disciplines in the Greater Bay Area, the College and the Vocational College have recorded remarkable increases in the number of student registration and average tuition fees.

Up to 8 September:
School Year                                     2019/20        2018/19      Change      % Chge
Huashang College Guangdong
\University of Finance & Economics
No. of new student registration           7,468            6,283         1,185         18.9%
Av. tuition of new students (RMB)     27,973          25,453         2,520           9.9%

Guangzhou Huashang Vocational College
No. of new student registration           4,459            2,965         1,494          50.4%
Av. tuition of new students (RMB)     16,042          15,690            352            2.2%
- Rise in both quality and quantity of the students from Huashang College

The Huashang College is an independent college that Edvantage Group operates in Guangzhou, Guangdong province, providing formal undergraduate education. The College is organised into 3 schools and 11 departments, offering 31 bachelor's degree programmes and over 780 courses. The College strategically focuses its programme offerings to cater to market demand fuelled by the growing service sector. For the 2019/2020 school year, as of 8 September 2019, the number of new students registered in Huashang College increased from 6,283 to 7,468, representing an increase of 18.9%, with the College's average tuition fees of new students up by 9.9% from RMB25,453 to RMB27,973. The College's admission scores for liberal-and-art majored and science majored students in Guangdong are 31, and 28 points higher than the provincial admission line for university respectively.

-Huashang Vocational College has gained benefits from China's policies support and realized significant rise in the number of admission and minimum score line

The Huashang Vocational College is a full-time, higher vocational college that Edvantage Group operates in Guangzhou, Guangdong Province, owing 13 faculties & departments and offering 34 majors including business, economics and management, among others. For the 2019/2020 school year, as of 8 September 2019, the number of new students registered in the Vocational College increased by 50.4% from 2,965 to 4,459, with its average tuition fees of new students up by 2.2% from RMB15,690 to RMB16,042. Meanwhile, the admission score line of Huashang Vocational College this year witnessed a substantial rise, among which, the minimum score line for liberal-and-arts majored students is exceeding the provincial line by 202 points, whereas the minimum score line for science majored students is 112 points higher than the provincial line. The Group believes that such significant increases are due to China's increasing efforts in development of vocational education policies and admission expansion plan, and the recognition of the Huashang brand and management's capability in school management.

- To cater for the growing demand in the Greater Bay Area, the new campus will open under wide attention

To cater for the substantial demand for business professionals in the Greater Bay Area, the Group plans to expand its business through various measures such as constructing new campuses. At present, Huashang College is opening a new campus in Sihui city, Zhaoqing, Guangdong Province, which is expected to accommodate up to approximately 16,000 students. For the school year opening in September 2020, around 3,000 students are expected to register in the new campus. The Group also plans to enroll approximately 3,000 students for the new campus for each of the following three years.

Mr. Liu Yung Chau, Executive Director and chairman of the Board of Edvantage Group Holdings Limited, said: "The substantial progress our schools in Guangdong province have achieved in the number of registered students and the average tuition fees for the new school year, has been a vivid testimony for the perspectiveness and effectiveness of our upholding strategies, which has also proven that our branding efforts in the Greater Bay Area has earned high recognition from the market. Guangzhou is an essential part of the Greater Bay Area, which has played a vital role for China's rapid expansion in the past 20 years, as one of the major cities in China and situated at the heart of a supply chain network that connects the Greater Bay Area to the rest of the world. Looking forward, we still firmly believe in the wide prospects of the region arising with the development of the Greater Bay Area. We will continue to leverage on advantages in brand reputation and market share in Guangdong province, firmly seize the growing demand in talents and education arising with the growth of the area and spare no efforts to realize our educational mission to 'cultivate professional talents for the Greater Bay Area'. Meanwhile, we will strive to maximize the return to investors with long-term and sustainable growth."

About Edvantage Group Holdings Limited

Edvantage Group Holdings Limited ("Edvantage Group" or the "Company", stock code: 0382.HK) is the largest private higher education group in the Greater Bay Area (in terms of total student enrolment of business majors for the 2017/2018 school year), and an early mover in education sector in pursuing international expansion. With a sizeable student base, the Company operates with economies of scale. The Edvantage Group currently operates two private higher education institutions located in Guangdong Province, China, namely Huashang College and Huashang Vocational College. Huashang College and Huashang Vocational College focus their programme offerings on business programmes, such as accounting, finance, economics and business English, and strive to help students to achieve employment prospects when they graduate, and to benefit from the availability of employment opportunities in the Greater Bay Area. The Company also operates a private vocational education institution named Global Business College of Australia ("GBCA") in Australia, offering vocational education courses and non-formal short-term courses aiming to provide students with competitive advantages and global prospective. GBCA is a registered training organization authorized by ASQA. The Company believes that GBCA represents a replicable example for its future international expansion, and the Company is exploring international opportunities in the United Kingdom and Singapore.

Sept 10, 2019 09:37 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

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