Messages from Management Team

Fellow CFCG employees and friends:

Happy New Year!

As spring returns, the New Year is around the corner and 2017 will soon be history. In the past year, thanks to the concerted effort and support of all stakeholders and our fellow employees, CFCG established the investment, financing and operation platform driven by “Education Operation plus Financial Services”, which grew rapidly in the domestic and international education markets through providing a wide range of financial services. Riding on its success, we carried out reform initiatives and our “double-driver” strategy has evolved into a business model comprising the “education investment, education operation and education financial services” segments that developed and deepened in tandem. At this wonderful turn of the year, on behalf of CFCG's board of directors, I would like to express my most sincere gratitude to all my fellow employees for your hard work and contribution in the past year. I would also like to express my heartfelt wishes for the health and happiness of your family, as well as your personal and professional growth. In short, I wish you the best of luck in the New Year!

We look back at our results with pride and look forward to the future with confidence and ambition. Capitalizing on the strengths we gathered in the reform and transition last year, we adopted a more focused strategy, a clearer approach, a more solid ground, and a better management structure. In 2017, our group matched high-quality educational resources in domestic and overseas markets, so as to extend the industry chain and enhance service value through cooperation and integration of different enterprises and institutions. In parallel with various measures at the group level, our colleagues worked towards the goal with enthusiasm and made outstanding progress. Our achievement is, therefore, attributable to the strategic decision of the leadership, the decisive execution by the management, as well as the determination and dedication of our employees.

In 2017, the introduction of the new Private Education Promotion Law accelerated the securitization of assets in the education sector. Following the 19th National Congress of the Communist Party of China, which proposed that “priority should be given to education development”, the education industry once again became the center of global attention. At the same time, the “Double First Class University Plan” promoted the establishment of world-class universities and institutes in China. In-depth cooperation between the industrial and education sectors for nurturing high-caliber talents, which possess innovative capacity and global vision, is now the basic requirement in the new era of education. As a result of these favorable policies, private education institutions increasingly sought for listing. During the year, four enterprises completed IPO in the US and five education institutes were newly listed in Hong Kong. The development of private education was supported by the capital in the flourishing market.

This year, CFCG seized the new trend in the domestic and international education industry, and launched a set of plans while making a series of investments in top-notch education enterprises. Apart from joining hands with other leading players and setting up education investment funds, it has also obtained the licenses for Type 1, 4, 6 and 9 regulated activities, thereby strengthening the education financial services. Through the provision of education management service, it successfully brought into first-rate international educational resources for close cooperation and exchange as well.

Embarking on a new journey in 2018, the group is well-positioned to face greater opportunities and challenges. In this regard, we will make long-term plans, seize chances promptly and deal with difficulties. Not only will we adhere to the growth strategy, we will also prepare for and study the significant changes in the industry development trend. In the meantime, we will keep a practical and pragmatic attitude, implement a focused strategy, adopt an ingenious approach, deliver top quality education services, explore business segments in the industry, and offer more options of supreme education. CFCG is ready to hold out against the roaring wind and waves, and it is set to work towards success along the tough road ahead. In the face of intense competition, we will continue to be gracious, humble, yet ambitious, in rolling out the plan for the coming year. Upholding our business philosophy of "openness, collaboration, creativity and win-win results”, we will remain determined and explore the market thoroughly. Hence, let us pursue pride and dream with dedication, profession and commitment!

Last but not least, I wish all my fellow employees a happy New Year once again!

Wilson Sea, Chairman of the Board of Directors
China First Capital Group Co., Ltd.
January 1, 2018