China General Education Group Limited (“China General Education”, Stock Code: 02175.HK) was listed on the Main Board of the Hong Kong Stock Exchange on July 16, 2021. The company offered 125 million shares globally (excluding the additional shares to be issued under the Over-allotment Option) at HKD 3.69 per share and raised net proceeds of approximately HKD 400 million.

China General Education is a leading private higher education institution in Shanxi Province, China. In 2011, The Shanxi Technology and Business College ("College") under China General Education was approved by the Ministry of Education to become the first private undergraduate college in Shanxi Province, focusing on providing applied courses. According to the report released by Frost & Sullivan, the College ranked first among all private higher education institutions in Shanxi Province in terms of total full-time student enrollment for the 2020/2021 academic year.

As the Hong Kong legal adviser to the sponsor, Jingtian & Gongcheng’s Hong Kong legal team was fully engaged in the listing of China General Education and provided one-stop, end-to-end legal services, including assisting the sponsor in due diligence, preparing application documents for listing, answering inquiries from the regulator (especially with regard to the impacts of 2021 new Non-state Education Promotion Law on publicly listed companies in education industry) and drafting the underwriting agreement.