Rise Education Cayman Ltd (REDU) Q3 2020 Earnings Conference Call November 12, 2020 8:00 PM ET Company Participants Karen Gu - Investor Relations Lihong Wang - Chairwoman & Chief Executive Officer Jiandong Lu - Chief Financial Officer Conference Call Participants Sheng Zhong - Morgan Stanley Howard Yang - Credit Suisse Operator Ladies and gentlemen, thank you for standing by, and welcome to RISE Education Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. ...

Rise Education Cayman Ltd (REDU) Q2 2020 Earnings Conference Call August 13, 2020 9:00 PM ET Company Participants Karen Gu - IR Lihong Wang - CEO & Chairwoman Jiandong Lu - CFO & Director Conference Call Participants Sheng Zhong - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by, and welcome to RISE Education's Second Quarter 2020 Earnings Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded. And I would now like to hand the conference ...

Rise Education Cayman Ltd (REDU) Q1 2020 Earnings Conference Call May 14, 2020 9:00 PM ET Company Participants Li Mei - Senior IR Director Lihong Wang - CEO & Chairwoman Jiandong Lu - CFO & Director Conference Call Participants Sheng Zhong - Morgan Stanley Alex Xie - Crédit Suisse Operator Ladies and gentlemen, thank you for standing by, and welcome to the RISE Education First Quarter 2020 Earnings Call conference. Please be advised that today's conference is being recorded. I now like to hand the conferenc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO S ...

Rise Education Cayman Ltd (REDU) Q4 2019 Earnings Conference Call March 12, 2020 8:00 PM ET Company Participants Mei Li - Senior IR Director Lihong Wang - CEO & Chairwoman Jiandong Lu - CFO, COO & Director Conference Call Participants Sheng Zhong - Morgan Stanley Alex Xie - Crédit Suisse Alex Liu - China Renaissance Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the RISE Education Fourth Quarter and Full Year 2019 Earnings Conference Call. [Operator Instructions]. Please ...

Company Overview - Rise Education is a leading national provider of premium, after-school English language training for children aged 3-18[8] - The company strategically focuses on the fastest-growing age group (3-6 year olds)[23] - As of September 30, 2019, Rise had a total of 451 learning centers, including 87 self-owned learning centers and 364 franchised learning centers[58] Market and Business Highlights - China's Junior ELT market is experiencing rapid growth, driven by rising wealth, the two-child policy, and the increasing importance of English[18] - The penetration rate of Junior ELT in China is low at 35.2% compared to Japan (60.5%) and Korea (20.4%)[18] - Rise's teaching philosophy focuses on both English language and subject matter knowledge[23] - The company develops its curricula with technology in mind, utilizing both HMH-based and self-developed courseware[27, 28] - Rise boasts a strong brand with high student retention (70%)[63] and a significant portion of new enrollments through word-of-mouth (~30%)[63] Financial Performance - Rise has experienced rapid top-line growth, with revenues increasing from RMB 406.7 million in 2014 to RMB 1,271.9 million[72] - The company has highly visible future revenues, with deferred revenue and customer advances reaching RMB 831.6 million as of September 30, 2019[73] - A learning center can achieve adjusted EBITDA margin like 45 – 50%[52] Growth Strategies - The company plans to open new self-owned centers in existing and new cities and increase efforts in acquiring franchised centers[80] - Rise aims to increase marketing expenses to further increase penetration rate in the junior ELT market[80]