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RISE Education Announces Management Change

BEIJING, Aug. 31, 2021 /PRNewswire/ --A RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), a leading education service provider that focuses on the development of cognitive and aptitude training for young children in China, today announced that Mr. Warren Wang has decided to resign from his role as the Company's Chief Financial Officer ("CFO") as of August 31, 2021A due to personal reasons. Mr. Alex Wu will serve as the Company's acting CFO, effective September 1, 2021. Mr. Warren Wang will remain with the Company until September 30, 2021A to ensure a smooth transition.Mr. Wu has extensive experience in corporate finance, technology and management matters.A Mr. Wu currently serves as an executive vice president and a member of the Asian Pacific private equity team of Bain Capital Private Equity. Since 2017, Mr. Wu has been overseeing Rise as a portfolio company of Bain Capital Private Equity. Before joining Bain Capital Private Equity in 2017, Mr. Wu worked at PricewaterhouseCoopersA Consulting with a focus on the technology, media and telecommunicationsA (TMT) sectorsA and digital solutions across cloud, e-commerce and analytics. Prior to that, Mr. Wu worked with airline and telecommunicationsA companies to plan and deliver transformation programs. Mr. Wu received his bachelor's degree in computer science from Peking University and his MBA degree from the Australian Graduate School of Management at the University of New South Wales."On behalf of the Company, I would like to thank Mr. Warren Wang for his contribution to RISE. We wish him the best in his future endeavors," stated Ms. Lihong Wang, the Chairwoman and chief executive officer of RISE. "We also appreciate that Mr. Alex Wu serves as the Company's acting CFOA with his extensive experience in corporate finance, technology and management matters."About RISE EducationRISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU) is a leading education service provider that focuses on the development of cognitive and aptitude training for young children facilitated by an integrated Online-Merge-Offline (OMO) teaching approach model. Since its establishment in 2007, RISE has focused on building a holistic education system that helps children develop well-rounded skills and cultivate their talents with vision, motivation and innovation.
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