The Statement about Ownership Change of Wall Street English

Wall Street English (WSE) announces that Baring Private Equity Asia (BPEA) and CITIC Capital Holdings Limited (CITIC Capital) have agreed to acquire WSE from Pearson Plc with their affiliated private equity funds. The transaction is subject to regulatory approval.

We look forward to forging a new relationship with BPEA and CITIC. We are confident that by leveraging the resources and network of BPEA and CITIC Capital, WSE will be well positioned to tap the potential of both the China and international market, provide more premium products and services, so as to strengthen the market leading position in English learning training for adults as well as to continuously explore more market opportunities.

In the period of ownership change, the management model and operation process of WSE will remain the same. There will be no impact on students’ study, as always we will continue to be committed to offering the best study experience and ensure superior learning outcomes for all students.

Press Contact

Wall Street English Corporate Affairs Department

Susan Xiao, Phone Number: +86 10 8518 1716

Mailbox: susan.xiao@wallstreetenglish.com