Kaiwen Education(SZ:002659)2022-12-03 08:56Group 1: Company Overview - Kevin Education operates two schools with distinct curricula: Beijing Haidian School offers AP courses certified by the College Board, while Beijing Chaoyang Kevin School follows the IB curriculum and is a candidate for IBDP certification [2]. - The company is planning open days for both schools in March and May, with details to be announced via the schools' WeChat accounts [2]. Group 2: Fundraising and Investment Plans - The company disclosed a plan for a non-public offering of A-shares on June 12, 2018, aiming to raise up to 1 billion RMB for a "High-Quality Youth Quality Education Platform Project" [2]. - The project will focus on building comprehensive quality education platforms in first- and second-tier cities, addressing the growing demand for quality education [3]. Group 3: Project Implementation and Benefits - The investment project aims to enhance the company's existing educational services, leveraging international education resources to support the development of quality education [3]. - The implementation of the project is expected to create synergies between international education and quality education, improving resource sharing and operational efficiency [3]. Group 4: Financial Reporting - The school recognizes tuition revenue on an accrual basis, averaging the income over 12 months for each academic year [3].