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CFCG and AKD Inc. Agree to Cooperate
Concord College of Sino-Canada to Facilitate Innovative Development of Education Industry in Western China

2017.07.08

(Hong Kong, 8 July 2017) – Mr. Wan Yunbao, Chairman of China First Capital International Education New Town Holding Limited and First Capital Western Education Investment Co., Ltd. (“FC Western”), and Dr. Francis Pang, Chairman of the Board of AKD International Education Inc. (“AKD Inc.”), today signed a Letter of Intent on the Strategic Cooperation Framework of CFCG and Concord College of Sino-Canada (首控中加戰略合作框架意向書) in the Banquet Hall of The Great Hall of the People, marking the beginning of cooperation in Deyang between China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269) and AKD Inc. Mr. Bao Xiaowen, Vice President of Post-Investment Management Business Division of CFCG and Mr. Wang Wei, General Manager of FC Western were present at the signing ceremony.

After signing the Letter of Intent, CFCG’s representatives, including Mr. Wan Yunbao, were invited to the graduation ceremony of Beijing Concord College of Sino-Canada, joining local and overseas guests from the Beijing Municipal Government and other municipal governments, leading education officials, representatives of the Embassy of Canada to China and the Department of Education of New Brunswick of Canada, as well as universities and tertiary institutions from Canada. Including also the graduates, their parents and guests from various sectors, the ceremony had an audience of more than 1,800.

CFCG has put its “Education Investment plus Financial Services” development strategy to work, directing major efforts onto developing education business. Apart from investing in local and overseas education projects, the Group has also forged strategic partnerships with renowned domestic and overseas education and financial institutions, working together with them towards achieving the goal of providing China with good educational resources via building, creating and sharing by the partners under the “Education Plus Finance” ambition. The Group aspires to become a world-leading investor and operator in the education industry. Capitalizing on the Group’s strong and professional education and investment management team and optimistic about the development prospects of the “Education Investment plus Financial Services plus Urban Development” business model, FC Western owned by the Group is dedicated to consolidating domestic and overseas quality education resources to promote development of the education industry. AKD Inc. is an education entity and the Concord College of Sino-Canada under it is the first education institution in China to explore Sino-foreign cooperation in the offer of foundation education. It has, over the years, accumulated extensive experience and professional strengths in operating schools, affording a rich curriculum taught by well-qualified teachers. AKD Inc. is operating more than 20 schools across China.

CFCG and AKD Inc. are both appreciated in the education market for their prominent brand. The two parties are cooperating with the objectives of boosting the development of education business, facilitating cultural exchange between China and Canada, exploring new education models and establishing an international grade basic education system. FC Western and Concord College of Sino-Canada will cooperate seeking to “complement each other’s strengths, play equal part and strive for win-win” in cooperation to set up an international school that carries the Concord College brand in Deyang, which will be a win-win choice for the two partners and a new opportunity of industrial development for Deyang City. In the future, the two parties will pursue cooperation in greater depth and on multiple levels and diverse aspects, and integrate international resources to facilitate new development of hence new hopes for quality education in China.