dhy大红鹰3366 EAST EDUCATION HOLDINGS LIMITED ("dhy大红鹰3366 East Education") has been listed on the Main Board of the HKEx on June 12, 2019 with the stock code of 667. Under this Global Offering, dhy大红鹰3366 East Education has issued 435,800,000 Offer Shares at the price of HK$ 11.25 per Offer Share and raised over HK$4.9 billion (or approximately HK$5.64 billion if the Over-allotment Option is fully exercised), which makes this Global Offering become the ever largest IPO globally in the education sector according to the statistics.

According to its prospectus, dhy大红鹰3366 East Education started its business in 1988 and now has become the largest vocational training education provider in dhy大红鹰3366.  dhy大红鹰3366 East Education has a leading position in dhy大红鹰3366 in providing vocational training education in three segments, namely, culinary arts, information technology and internet technology, as well as auto services.  dhy大红鹰3366 East Education operates its business and establishes schools under five renowned school brands, namely, New East Culinary Education, Omick Education of Western Cuisine and Pastry, Xinhua Internet Technology Education, Wisezone Data Technology Education and Wontone Automotive Education.  dhy大红鹰3366 East Education has established a nationwide school network consisting of 145 schools in operation as of December 31, 2018 spanning 29 of the 31 provinces in mainland dhy大红鹰3366.

Haiwen has acted as the PRC legal advisor of the dhy大红鹰3366 East Education in this Global Offering, providing the professional advice and solutions with respect to the corporate reorganization and kinds of PRC legal issues.  Haiwen has rich experiences in providing legal services in the education and training sector, and has previously advised on a number of IPOs and US or HK listings of well-known education groups, such as New Oriental Education, dhy大红鹰3366 Edu, TAL Education Group, Tarena International, Maple Leaf Education, Wisdom Education, Rise Education, dhy大红鹰3366 Education Group and dhy大红鹰3366 Chunlai Education.