China Beststudy Education : POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 14 MAY 2021 AND CHANGE OF EXPECTED PAYMENT DATE FOR FINAL DIVIDEND

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China Beststudy Education Group

卓 越 教 育 集 團 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3978)

POLL RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 14 MAY 2021

AND

CHANGE OF EXPECTED PAYMENT DATE FOR FINAL DIVIDEND

The Board announces that all the resolutions as set out in the Notice were duly passed by the Shareholders as ordinary resolutions by way of poll at the Annual General Meeting.

The board of directors (the "Board") of China Beststudy Education Group (the "Company") is pleased to announce the poll results of the annual general meeting of the Company (the "Annual General Meeting") which was held at Floor 35, No. 33 Zhong Shan San Road, Yue Xiu District, Guangzhou, PRC on Friday, 14 May 2021 at 2:30 p.m..

Reference is made to the Company's circular (the "Circular") in connection with the Annual General Meeting and notice of the Annual General Meeting (the "Notice") dated 15 April 2021. Unless the context requires otherwise, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

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The voting results in respect of the resolutions proposed at the Annual General Meeting were as follows:

	Ordinary Resolutions	Number of Votes (%)
	For	Against
1.	To receive and consider the audited consolidated financial	474,166,298	489,000
	statements of the Company and the reports of the directors	(99.896978%)	(0.103022%)
	and auditors for the year ended 31 December 2020.
2.	To declare and approve payment of a final dividend of	474,655,298	0
	HK$5.5 cents per ordinary share for the year ended 31	(100.000000%)	(0.000000%)
	December 2020 from the share premium account of the
	Company.
3(a).	To re-elect Mr. Junjing Tang as an executive director.	473,490,027	1,165,271
		(99.754502%)	(0.245498%)
3(b).	To re-elect Mr. Gui Zhou as an executive director.	474,655,298	0
		(100.000000%)	(0.000000%)
3(c).	To re-elect Mr. Peng Xue as an independent non-executive	474,609,298	46,000
	director.	(99.990309%)	(0.009691%)
3(d).	To authorize the board of directors of the Company to fix	474,655,298	0
	the remuneration of directors of the Company.	(100.000000%)	(0.000000%)
4.	To re-appoint Ernst & Young as auditors and to authorize	474,195,298	460,000
	the board of directors to fix auditors' remuneration.	(99.903088%)	(0.096912%)
5.	To give a general mandate to the directors to repurchase	474,195,298	460,000
	shares of the Company not exceeding 10% of the total	(99.903088%)	(0.096912%)
	number of issued shares of the Company as at the date of
	passing of this resolution.
6.	To give a general mandate to the directors to issue, allot and	468,145,018	6,510,280
	deal with additional shares of the Company not exceeding	(98.628419%)	(1.371581%)
	20% of the total number of issued shares of the Company as
	at the date of passing of this resolution.
7.	To extend the general mandate granted to the directors to	468,145,018	6,510,280
	issue, allot and deal with additional shares in the capital	(98.628419%)	(1.371581%)
	of the Company under the ordinary resolution No. 6 by
	the aggregate number of the shares repurchased by the
	Company pursuant to the ordinary resolution No. 5.

As more than 50% of the votes were cast in favour of each of the above resolutions, all the resolutions were passed as ordinary resolutions at the Annual General Meeting.

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The total number of issued Shares as at the date of the Annual General Meeting was 847,221,000 Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against all resolutions. There were no Shares entitling the holders to attend and abstain from voting in favour at the Annual General Meeting as set out in rule 13.40 of the Listing Rules. There were no restrictions on any Shareholders casting votes on any of the proposed resolutions at the Annual General Meeting. No person was required under the Listing Rules to abstain from voting on the resolutions proposed at the Annual General Meeting and no party has stated its intention in the Circular to vote against or to abstain from voting the resolutions proposed at the Annual General Meeting.

Computershare Hong Kong Investor Services Limited, the Hong Kong branch share registrar and transfer office of the Company, acted as the scrutineer for counting of votes at the Annual General Meeting.

CHANGE OF EXPECTED PAYMENT DATE FOR FINAL DIVIDEND

Reference is made to the annual results announcement for the year ended 31 December 2020 dated 25 March 2021 (the "Results Announcement"), the annual report for the year ended 31 December 2020 (the "Annual Report 2020") and the Circular of the Company.

The Company wishes to announce that, since further time is required to arrange for the logistics of the payment of the final dividend, the expected payment date of final dividend for the year ended 31 December 2020 will be changed from on or around 3 June 2021 to on or around 12 July 2021.

Save as disclosed above, all information and content contained in the Results Announcement, Annual Report 2020 and the Circular remain unchanged.

By order of the Board

China Beststudy Education Group

Junjing Tang

Chairman, Chief Executive Officer and Executive Director

Hong Kong, 14 May 2021

As at the date of this announcement, the executive Directors are Mr. Junjing Tang, Mr. Junying Tang and Mr. Gui Zhou, the non-executive Director is Mr. Wenhui Xu, and the independent non-executive Directors are Mr. Yingmin Wu, Ms. Yu Long and Mr. Peng Xue.

• For identification purposes only

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