Wonderful Sky Financial Group Assists DASHAN EDUCATION HOLDINGS LIMITED (Stock Code: 9986.HK) with the Successful Listing on HKEx
DASHAN EDUCATION HOLDINGS LIMITED (Stock Code:9986) was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today.
DASHAN is principally engaged in the provision of primary and secondary after-school education services in Zhengzhou and its history can be traced back to 1998. DASHAN offers primary and secondary school students OMO after-school education services which supplement their regular English, Chinese, Mathematics and other curriculum at school. According to the Report, DASHAN was the largest primary and secondary afterschool education service provider in Henan by number of student enrolments in 2019 and the second largest primary and secondary after-school education service provider in Henan in terms of revenue in 2019, with a market share of approximately 2.5% among all such service providers in Henan.
As the leading after-school education service provider in Henan, DASHAN believes that they are uniquely positioned to enjoy the growth potential offered in Zhengzhou and in Henan. According to the Report, revenue of primary and secondary after-school education service market in Henan rose from approximately RMB19.6 billion in 2014 to approximately RMB36.4 billion in 2019, representing a CAGR of approximately 13.2% and is expected to further grow at a CAGR of approximately 8.6% to approximately RMB54.9 billion in 2024. In 2019, the market share of Henan’s primary and secondary after-school education services in the overall PRC market was approximately 7.9%.
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