Wisdom Education International Holdings Company Limited announced that in tie with the development in Guangdong-Hong Kong-Macao Greater Bay Area promoted by the Government of the People's Republic of China, the Group has entered into a cooperation agreement with the People's Government of Kaiping, Jiangmen City in relation to, among other things, the establishment, operation and management of a boarding school in Kaiping, Jiangmen City. The establishment of the proposed boarding school is a key construction project of the Kaiping Government of Jiangmen City. The Group shall be responsible for the construction of the proposed boarding school, which is expected to have, among other things, primary, middle and high school sections with a total target capacity of approximately 7,500 students; Kaiping Government of Jiangmen City shall provide a parcel of land with a total site area of approximately 200 mu (equivalent to approximately 133,000 square metres) with a lease term of 50 years to the Group by phases for educational purposes.