, -- Hailiang Education Group Inc. (Nasdaq: HLG) ("Hailiang Education", the "Company" or "we"), an education and management services provider of primary, middle, and high schools in the PRC, today announced its record student enrollment of 72,839 for the fall semester of 2020 (the "Fall Semester") as of , up approximately 9.5% compared to 66,543 students for the same period of last year. Of those students enrolled, the Company's affiliated schools enrolled 26,865 students, an increase of approximately 10.8%, compared to 24,252 students for the same period last year.
The increase of students enrolled in the Company's affiliated schools in the Fall Semester is mainly attributed to the three schools recently opened for the Fall Semester, namely, Lanzhou Hailiang Experimental School ("Lanzhou School"), Hailiang Overseas Chinese School ("Overseas Chinese School"), and Wuhu Hailiang Experimental School ("Wuhu School"), as well as one school the Company recently acquired, namely, Jinhua Hailiang Foreign Language School (""). The Fall Semester is the first year for each of Lanzhou School, Overseas Chinese School and Wuhu School to recruit students, and the number of students enrolled in each of these schools is 570, 825 and 409, respectively. Additionally, the Company completed all the required procedures to take over the sponsorship to operate on . enrolled 738 students, which is an increase of 163 students year-over-year. In addition, the Fall Semester is the third fall semester for Zhenjiang Jianghe High School of Art (one of the affiliated schools sponsored by the Company) ("") since its establishment. The enrollment number is 783, which is an increase of 325 students year-over-year. Moreover, the increase of total students enrolled in the Fall Semester is also due to the increase of students enrolled in the Company's managed schools, which is mainly attributed to the significant increase in the number of students in Sihong Second Experimental School, and the two new managed schools that started operating this fall, namely Xiamen Road School and Fumin Avenue School.
Mr. , Chairman and Chief Executive Officer of Hailiang Education, remarked, "Hailiang Education has just held a celebration for its 25th anniversary. Over the past 25 years, our student enrollment has benefited a lot with the gradual improvement of the quality of our educational services and of brand awareness. Under the circumstances that Hailiang Education's tuition fees continue to increase with the improvement of education and service quality, and that we barely need to establish physical enrollment centers now, as we mainly rely on reputation, official websites, and social media to attract students, the number of students who signed up far exceeded our estimates. In addition, different from last year, implemented guidelines to mandate both public and private schools in the compulsory education system across to start their enrollment processes, potentially making the student recruitment process more competitive. However, the number of students enrolled in our affiliated schools has exceeded our expectation by approximately 3.3%. In addition, even with the impact of the COVID-19 pandemic this year, the aggregate number of students enrolled in our affiliated international schools as of increased approximately 7.6% year-over-year. Further, the number of students enrolled in our three new schools we recently established in other regions outside of province also far exceeded our expectations. All of these reflect parents' and students' recognition of and trust in Hailiang Education."
Mr. Chen continued, "Currently, the students enrolled in our affiliated schools has not reached the full capacity of our affiliated schools, especially the newly sponsored Lanzhou School, Overseas Chinese School, Wuhu School, and , there is still ample room for growth. In the future, we will continue to use the asset-light model to accelerate the expansion of our school network of affiliated schools and managed schools and further explore overseas expansion strategies. We will operate schools in countries along the "One Belt and One Road" and other countries with strategic cooperation, so as to consolidate our market position as leading primary and secondary education service provider. On this basis, Hailiang Education will focus on the development of online and onsite educational training services, while diversifying its business, such as study trip services, overseas study consulting services, after-school enrichment services, logistics services, integrated education (education for children with disabilities), and continue to invest in the R&D and application of educational technology to improve our teaching quality and management efficiency."
The above figures are approximate numbers based on the Company's internal statistics currently available and differences may arise between such figures and the disclosure in subsequent results announcements, financial reports and/or other relevant corporate materials of the Company. The Company wishes to remind the shareholders of the Company and potential investors not to unduly rely on such numbers and that they are advised to exercise caution when dealing in the shares of the Company.