About the CEG T2 Issuance

The Credit Guarantee and Investment Facility (“CGIF”) has guaranteed China Education Group Holdings Limited’s (“CEG”) second 3-year CNH500.0 million offshore renminbi bond. The first CNH500.0 million dim sum bond was issued in 2022 under CEG’s now fully-issued CNH1.0 billion bond program.

The bond underpins CGIF’s commitment to provide eligible issuers access to ASEAN+3 longterm liquidity despite challenging market conditions. CGIF’s guarantee also reinforces its support for ASEAN+3 social infrastructure, as the bond proceeds will be utilized to build further capacity for CEG’s private tertiary and vocational education network.

China International Capital Corporation Hong Kong Securities Limited (“CICC HK”) is the Lead Joint Global Coordinator and Standard Chartered Bank (“SCB”) acted as Joint Global Coordinator. Joint Bookrunners and Joint Lead Managers were CICC HK, SCB, Bank of Communication Co., Ltd Hong Kong Branch; China CITIC Bank International Limited, HSBC, Natixis, and Shanghai Pudong Development Bank Co., Ltd Hong Kong Branch.