July 4, 2022


It's Your Education

Golden Sun Education Group Limited Announces Pricing of US$17,600,000 Initial Public Offering

Golden Sunshine Education Team Confined

Shanghai, China, June 21, 2022 (World NEWSWIRE) — Golden Sunlight Education and learning Group Restricted (the “Company” or “Golden Sun”), a service provider of tutorial providers in China, now declared the pricing of its original community offering (the “Offering”) of 4,400,000 Class A common shares at a general public providing price tag of US$4.00 for every Course A common shares. The Course A ordinary shares have been accepted for listing on the Nasdaq Funds Industry and are anticipated to commence buying and selling on June 22, 2022 under the ticker image “GSUN.”

The Corporation expects to get combination gross proceeds of US$17,600,000 from the Presenting, right before deducting underwriting reductions and other connected fees. In addition, the Corporation has granted the underwriter an selection to buy up to an more 660,000 Course A standard shares at the general public providing rate, a lot less underwriting discount rates and commissions, in just 45 times of the closing. The Providing is expected to close on or about June 24, 2022, subject matter to the satisfaction of customary closing conditions.

Proceeds from the Supplying will be employed for (i) acquisitions of tutorial centers for non-English foreign language for Gaokao, as very well as abroad educational facilities and tutorial centers (ii) investigation and advancement of the classes connected to non-English foreign language for Gaokao, and the enlargement of the functioning heart for non-English international language for Gaokao (iii) acquisitions of tutorial centers for language training (iv) the recruitment and retention of academics and administration personnel and (v) functioning money and other general corporate purposes.

The Featuring is getting performed on a agency commitment foundation. Community 1 Money Securities, Inc. is acting as the sole underwriter and reserve-running manager for the Giving. Hunter Taubman Fischer & Li LLC is acting as the U.S. counsel to the Company, and Sichenzia Ross Ference LLP is acting as the U.S. counsel to Community 1 Financial Securities, Inc. in relationship with the Providing.

A registration assertion on Kind F-1 relating to the Featuring was submitted with the U.S. Securities and Trade Fee (“SEC”) (File Range: 333-255891) and was declared efficient by the SEC on June 21, 2022. The Supplying is becoming made only by usually means of a prospectus, forming a part of the registration assertion. Copies of the prospectus relating to the Presenting may perhaps be received from Network 1 Fiscal Securities, Inc., 2 Bridge Avenue, Suite 241, Crimson Financial institution, NJ 07701, Notice Karen (Huiyun) Mu, by e mail at [email protected], or by calling +1 (800)-886-7007. In addition, copies of the prospectus relating to the Providing might be obtained through the SEC’s internet site at www.sec.gov.

Ahead of you commit, you should really browse the prospectus and other paperwork the Enterprise has submitted or will file with the SEC for much more details about the Company and the Giving. This press launch does not constitute an supply to sell, or the solicitation of an present to purchase any of the Company’s securities, nor shall there be any give, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which this kind of supply, solicitation or sale would be illegal prior to registration or qualification below the securities guidelines of these kinds of state or jurisdiction.

About Golden Sunshine Training Team Confined

Founded in 1997 and headquartered in Shanghai, China, Golden Sunlight Training Team Minimal is a supplier of tutorial services in China with above 20 yrs of working experience delivering educational companies that concentrate on the enhancement of each and every of its student’s strengths and probable, and the promotion of daily life-very long capabilities and passions in discovering. Golden Solar has a few tutorial facilities, just one educational business that partners with higher educational institutions to offer language courses to its pupils, and a single logistics firm that gives logistic and consulting providers. The tutorial centers of Golden Sunshine aim on different groups of specific learners by presenting unique tutorial applications. As for foreign language tutoring, Golden Sunshine presents English, Spanish, German, French and Japanese classes to pupils who intend to study overseas, people today in search of jobs that call for particular proficiency in these languages, and companies or corporations whose personnel require to have selected proficiency in these languages. For more facts, visit the Company’s website at ir.jtyjyjt.com.

Ahead-Hunting Statements

Specified statements in this announcement are forward-seeking statements, which includes but not restricted to, the Company’s proposed Featuring. These ahead-on the lookout statements entail recognised and not known hazards and uncertainties and are dependent on the Company’s existing anticipations and jobions about potential activities that the Corporation feels may well influence its money issue, final results of functions, business tactic and economical requires, together with the expectation that the Supplying will be properly concluded. Traders can determine these ahead-searching statements by text or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or equivalent expressions. The Firm undertakes no obligation to update or revise publicly any forward-searching statements to reflect subsequent transpiring events or instances, or alterations in its expectations, besides as could be essential by regulation. Though the Corporation thinks that the anticipations expressed in these ahead-searching statements are affordable, it are unable to guarantee you that this sort of expectations will switch out to be appropriate, and the Corporation cautions buyers that genuine outcomes might differ materially from the anticipated outcomes and encourages investors to review other things that may well have an affect on its potential outcomes in the Company’s registration statement and other filings with the SEC.

For a lot more information, be sure to make contact with:

Golden Sunshine Schooling Group Minimal

Trader Relations Office
Electronic mail: [email protected]

Ascent Buyers Relations LLC
Tina Xiao
Telephone: +1 917-609-0333
Electronic mail: [email protected]