On May 18, 2020, Mr. Ming Wang, notified Hailiang Education Group Inc. of his desire to retire and resign as the chairman and a member of the Board of Directors and as the chief executive officer of the Company. Mr. Wang will continue in his role through June 23, 2020 after the adjournment of the Company's annual general meeting of shareholders. On May 18, 2020, the Company's Corporate Governance and Nominating Committee nominated Mr. Junwei Chen to serve as a member of the Board, subject to the election and approval of the shareholders at the AGM.

Additionally, the Board appointed Mr. Junwei Chen as the new chief executive officer of the Company. Mr. Junwei Chen will take office in his capacity as Board member and chief executive officer of the Company immediately upon the departure of Mr. Ming Wang, on June 23, 2020. Mr. Junwei Chen, age 28, has served as the president of Hailiang Education Management Group Co.

Ltd. since March 2019 and as the vice president of Hailiang Group Co. Ltd. since January 2019.