BEIJING, February 5, 2019 -- RYB Education, Inc. (“RYB” or the “Company”) (NYSE: RYB), a leading early childhood education service provider in China, announced today that it has entered into a definitive agreement to acquire approximately 70% of a leading Singapore-based  private childhood education group for approximately RMB125 million in cash. 
北京，2019年2月5日--中國領(lǐng)先早期幼兒教育服務(wù)提供機(jī)構(gòu)，紅黃藍(lán)教育公司（以下簡(jiǎn)稱“紅黃藍(lán)教育”或“公司”）（NYSE: RYB）今日宣布公司已簽署合同，以約1.25億人民幣的總對(duì)價(jià)現(xiàn)金收購一新加坡兒童教育集團(tuán)約70%的股權(quán)。

Ms. Yanlai Shi, the Company’s Co-founder, Director and Chief Executive Officer, said, “We are excited to add this portfolio of childhood education assets to our platform. This acquisition expands our brands and service offerings to a wider audience and additional jurisdictions. Moreover, the international English and bilingual curriculum, along with the high-quality education management team we are acquiring, will generate great synergy with our China-based operations and enhance our competitive edge in our core China early childhood education market.” 
紅黃藍(lán)教育聯(lián)合創(chuàng)始人，董事與首席執(zhí)行官史燕來女士說道：“新加坡這一收購項(xiàng)目對(duì)公司有重要戰(zhàn)略價(jià)值。這一項(xiàng)目不僅將公司的教育服務(wù)擴(kuò)展到了更多的國家和市場(chǎng)，同時(shí)，這一收購項(xiàng)目帶來的國際水準(zhǔn)的英文和雙語教育內(nèi)容以及高素質(zhì)的管理團(tuán)隊(duì)也將與公司現(xiàn)有的業(yè)務(wù)形成強(qiáng)大的整合優(yōu)勢(shì)，進(jìn)一步加強(qiáng)公司在中國早期教育這一核心市場(chǎng)的競(jìng)爭(zhēng)優(yōu)勢(shì)?！?br />
“This annoucement, together with our prior acquisitions and alliances, exemplifies our strategic and measured diversification across multiple business lines, products and geographies. It broadens our educational platform while allowing us to remain primarily focused on providing educational services to children from infancy to 6 years old. In addition, this acquisition demonstrates our commitment to constantly improving the quality of our educational offerings, and we firmly believe that this initiative will deliver long-term value for our shareholders,” Ms. Shi concluded.
“這一戰(zhàn)略收購項(xiàng)目，加之公司之前進(jìn)行的其他收購和項(xiàng)目合作，已經(jīng)將公司成功拓展成為多產(chǎn)品與服務(wù)線、多地域、多品牌的多元化教育集團(tuán)。當(dāng)然，我們依然非常專注于0到6歲的早期教育。這一收購項(xiàng)目，也進(jìn)一步證明公司一如既往地專注于持續(xù)提升我們的教育品質(zhì)。我們堅(jiān)信這也將為我們的股東帶來長(zhǎng)期的股東價(jià)值。”

In conjunction with the above purchase, the Company intends to change its name from RYB Education to GEH Education to better reflect its growing platform of multiple brands, products and services in multiple markets and geographies. The Company’s board of directors has approved the name change and it will be submitted to the Company’s general meeting for further approval by the shareholders. The proposed new Company name is intended to strengthen the core RYB brand for kindergarten and Play-and-Learn services as well as other brands on the platform while providing a mechanism for continued brand, product and service expansion. 
有鑒于這些戰(zhàn)略進(jìn)展，為體現(xiàn)集團(tuán)多品牌、多業(yè)務(wù)線、多地域經(jīng)營的新格局，公司董事會(huì)已批準(zhǔn)公司將集團(tuán)名稱由原來的“紅黃藍(lán)教育公司”更名為“GEH教育集團(tuán)”。這一更名提議尚需經(jīng)過股東大會(huì)批準(zhǔn)。這一變更，將使得公司在持續(xù)穩(wěn)定發(fā)展“紅黃藍(lán)”品牌幼兒園和親子園業(yè)務(wù)的同時(shí)，也能夠更好地兼容并蓄更多的品牌、業(yè)務(wù)線；拓展更廣泛的兒童教育市場(chǎng)。

About RYB Education, Inc.

Founded on the core values of ''Care'' and ''Responsibility'', “Inspire” and “Innovate,” RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide high-quality, individualized and age-appropriate care and education to nurture and inspire each child for his or her betterment in life. During its more than two decades of operating history, the Company has built "RYB" into a well-recognized education brand and helped bring about many new educational practices in China's early childhood education industry. RYB's comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured courses at kindergartens and play-and-learn centers, as well as at-home educational products and services. 

For more information, please visit http://ir.rybbaby.com

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s brand recognition and market reputation; student enrollment in the Company’s teaching facilities; the Company's growth strategies; its future business development, results of operations and financial condition; trends and competition in China's early childhood education market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese early education market; Chinese governmental policies relating to the Company's industry and general economic conditions in China. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact: 

In China:
RYB Education, Inc.
Investor Relations
Tel: +86-10-8767-5752 
E-mail:  ir@rybbaby.com

The Piacente Group, Inc.
Ross Warner
Tel: +86 (10) 5730-6200
E-mail: ryb@tpg-ir.com 

In the United States:
The Piacente Group, Inc.   
Brandi Piacente
Tel: +1-212-481-2050
E-mail: ryb@tpg-ir.com