August 17, 2022

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science of education

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

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Golden Sunshine Training Group Confined

Shanghai, China, June 21, 2022 (Globe NEWSWIRE) — Golden Sunlight Education Group Restricted (the “Company” or “Golden Sun”), a company of tutorial expert services in China, currently announced the pricing of its original community giving (the “Offering”) of 4,400,000 Course A everyday shares at a public presenting rate of US$4.00 for every Class A ordinary shares. The Course A ordinary shares have been permitted for listing on the Nasdaq Funds Marketplace and are predicted to start investing on June 22, 2022 below the ticker image “GSUN.”

The Enterprise expects to receive aggregate gross proceeds of US$17,600,000 from the Providing, just before deducting underwriting savings and other similar expenditures. In addition, the Business has granted the underwriter an alternative to invest in up to an added 660,000 Course A everyday shares at the community providing value, significantly less underwriting special discounts and commissions, inside of 45 times of the closing. The Offering is expected to close on or about June 24, 2022, matter to the fulfillment of customary closing conditions.

Proceeds from the Giving will be made use of for (i) acquisitions of tutorial facilities for non-English international language for Gaokao, as perfectly as overseas universities and tutorial centers (ii) investigate and development of the programs linked to non-English international language for Gaokao, and the expansion of the working heart for non-English overseas language for Gaokao (iii) acquisitions of tutorial facilities for language schooling (iv) the recruitment and retention of academics and management personnel and (v) performing cash and other general corporate needs.

The Featuring is currently being conducted on a firm determination foundation. Community 1 Economic Securities, Inc. is performing as the sole underwriter and reserve-operating supervisor for the Featuring. Hunter Taubman Fischer & Li LLC is acting as the U.S. counsel to the Enterprise, and Sichenzia Ross Ference LLP is acting as the U.S. counsel to Network 1 Fiscal Securities, Inc. in relationship with the Offering.

A registration statement on Sort F-1 relating to the Supplying was filed with the U.S. Securities and Exchange Commission (“SEC”) (File Range: 333-255891) and was declared productive by the SEC on June 21, 2022. The Supplying is getting made only by implies of a prospectus, forming a aspect of the registration assertion. Copies of the prospectus relating to the Featuring may be acquired from Network 1 Monetary Securities, Inc., 2 Bridge Avenue, Suite 241, Purple Financial institution, NJ 07701, Attention Karen (Huiyun) Mu, by e-mail at [email protected], or by contacting +1 (800)-886-7007. In addition, copies of the prospectus relating to the Featuring may perhaps be attained by way of the SEC’s site at www.sec.gov.

Before you devote, you must go through the prospectus and other files the Corporation has submitted or will file with the SEC for much more info about the Company and the Offering. This push launch does not constitute an give to provide, or the solicitation of an present to invest in any of the Company’s securities, nor shall there be any provide, solicitation or sale of any of the Company’s securities in any condition or jurisdiction in which this kind of supply, solicitation or sale would be unlawful prior to registration or qualification under the securities legal guidelines of this sort of state or jurisdiction.

About Golden Sun Education Team Constrained

Proven in 1997 and headquartered in Shanghai, China, Golden Sun Education Group Minimal is a company of tutorial services in China with in excess of 20 many years of expertise providing educational solutions that focus on the improvement of each of its student’s strengths and possible, and the advertising of lifetime-extensive capabilities and pursuits in understanding. Golden Solar has a few tutorial centers, a single educational business that associates with substantial educational institutions to provide language courses to its pupils, and 1 logistics organization that gives logistic and consulting expert services. The tutorial centers of Golden Sunshine concentrate on distinctive groups of qualified students by presenting distinct tutorial courses. As for overseas language tutoring, Golden Sunshine gives English, Spanish, German, French and Japanese classes to college students who intend to research abroad, people today trying to find work that involve specific proficiency in these languages, and providers or organizations whose personnel require to have specified proficiency in these languages. For far more information and facts, go to the Company’s website at ir.jtyjyjt.com.

Ahead-Searching Statements

Specified statements in this announcement are forward-hunting statements, like but not limited to, the Company’s proposed Offering. These forward-wanting statements entail recognized and not known challenges and uncertainties and are dependent on the Company’s recent expectations and challengeions about foreseeable future situations that the Firm imagines may possibly influence its fiscal situation, results of operations, enterprise technique and financial requires, like the expectation that the Featuring will be properly accomplished. Traders can establish these forward-searching statements by words and phrases or phrases these as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or equivalent expressions. The Corporation undertakes no obligation to update or revise publicly any ahead-searching statements to mirror subsequent transpiring functions or situations, or modifications in its anticipations, besides as may perhaps be expected by regulation. Despite the fact that the Enterprise thinks that the anticipations expressed in these ahead-searching statements are realistic, it can’t guarantee you that these expectations will transform out to be right, and the Firm cautions traders that real success may well differ materially from the anticipated benefits and encourages traders to evaluate other things that may perhaps have an affect on its long term success in the Company’s registration statement and other filings with the SEC.

For a lot more data, you should speak to:

Golden Sun Schooling Team Constrained

Investor Relations Department
Electronic mail: [email protected]

Ascent Investors Relations LLC
Tina Xiao
President
Cellular phone: +1 917-609-0333
Electronic mail: [email protected]

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