Leader Education : PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the prospectus dated 27 July 2020 (the "Prospectus") of Leader Education Limited (the "Company").

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for any securities. Potential investors should read the Prospectus for detailed information about the Global Offering described below before deciding whether or not to invest in the Offer Shares.

This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction where such distribution is prohibited by law. This announcement does not constitute or form a part of any offer to sell or solicitation of any offer to buy or subscribe for securities in Hong Kong, the United States or elsewhere. The securities referred to in this announcement have not been and will not be registered under the United States Securities Act of 1933, as amended from time to time (the "U.S. Securities Act") or any state securities laws of the United States and may not be offered or sold in the United States absent registration under the U.S. Securities Act or except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. There is not and it is not currently intended for there to be any public offering of securities of the Company in the United States. The Offer Shares are being offered and sold outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act.

In connection with the Global Offering, Huatai Financial Holdings (Hong Kong) Limited, as stabilising manager (the "Stabilising Manager"), its affiliates or any person acting for it, on behalf of the Underwriters, may over-allocate or effect transactions with a view to stabilising or supporting the market price of the Shares at a level higher than that which might otherwise prevail for a limited period after the Listing Date. However, there is no obligation on the Stabilising Manager (its affiliates or any person acting for it) to conduct any such stabilising action. Such stabilising action, if commenced, (a) will be conducted at the sole and absolute discretion of the Stabilising Manager (its affiliates or any person acting for it) and in what the Stabilising Manager reasonably regards as the best interest of the Company, (b) may be discontinued at any time and (c) is required to be brought to an end within 30 days of the last day for lodging applications under the Hong Kong Public Offering. Such stabilisation action, if commenced, may be effected in all jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws, rules and regulatory requirements, including the Securities and Futures (Price Stabilising) Rules (Cap. 571W of the Laws of Hong Kong), as amended, made under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Potential investors should be aware that stabilising action cannot be taken to support the price of the Shares for longer than the stabilisation period which begins on the Listing Date and is expected to expire on Saturday, 29 August 2020, being the 30th day after the last day for lodging applications under the Hong Kong Public Offering. After this date, no further stabilising action may be taken, demand for the Shares, and therefore the price of the Shares, could fall.

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Leader Education Limited

立 德 教 育 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1449)

PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION

PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION

The Company announces that the Over-allotment Option described in the Prospectus dated 27 July 2020 and the allotment results announcement dated 5 August 2020 (the "Announcement") was partially exercised by the Sole Global Coordinator, on behalf of the International Underwriters, on 26 August 2020, in respect of an aggregate of 9,000,000 Shares (the "Over- allotment Shares"), representing approximately 5.40% of the total number of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option to facilitate the return to the Over-allotment Option Grantor, Junhua Education Limited, of part of the borrowed Shares under the Stock Borrowing Agreement which were used to cover over- allocations in the International Offering.

The Over-allotment Shares will be sold by the Over-allotment Option Grantor at HK$2.10 per Offer Share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%), being the Offer Price per Offer Share under the Global Offering.

A further announcement will be made by the Company after the end of the stabilisation period.

PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION

The Company announces that the Over-allotment Option described in the Prospectus dated 27 July 2020 and the Announcement was partially exercised by the Sole Global Coordinator, on behalf of the International Underwriters, on 26 August 2020, in respect of an aggregate of 9,000,000 Shares (the "Over-allotmentShares"), representing approximately 5.40 % of the total number of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option to facilitate the return to the Over-allotment Option Grantor, Junhua Education Limited, of part of the borrowed Shares under the Stock Borrowing Agreement which were used to cover over- allocations in the International Offering.

Pursuant to the Stock Borrowing Agreement entered into between the Stabilising Manager and the Over-allotment Option Grantor (the "Stock Borrowing Agreement"), the Stabilising Manager has borrowed 25,000,000 Shares from the Over-allotment Option Grantor to cover over-allocations in the International Offering.

The Over-allotment Shares will be sold by the Over-allotment Option Grantor at HK$2.10 per Offer Share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%), being the Offer Price per Offer Share under the Global Offering.

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Approval of Listing

Approval for the listing of and permission to deal in the Over-allotment Shares has already been granted by the Listing Committee of the Stock Exchange. As the Over-allotment Shares are existing Shares, listing of and dealings in the Over-allotment Shares had commenced on the Main Board of the Stock Exchange at 9:00 a.m. on 6 August 2020.

Shareholding Structure of the Company upon the Partial Exercise of the Over-allotment Option

The shareholding structure of the Company immediately before and immediately after the completion of the sale of the Over-allotment Shares pursuant to the Over-allotment Option is as follows:

		Immediately before	Immediately after
		the sale of the	the sale of the
		Over-allotment Shares	Over-allotment Shares
				Approximate			Approximate
		Number of		% of issued	Number of		% of issued
		issued		share	issued		share
Shareholders		Shares		capital(1)	Shares		capital(1)
Shuren Education	300,000,000		45.0%		300,000,000		45.0%
Junhua Education	200,000,000(2)	30.0%	191,000,000		28.6%
Public shareholders	166,667,000		25.0%		175,667,000		26.4%
Total	666,667,000		100.0%		666,667,000		100.0%

1. The percentage figures are subject to rounding adjustments.
2. Inclusive of the borrowed Shares lent by the Over-allotment Option Grantor pursuant to the Stock Borrowing Agreement to cover over-allocations in the International Offering.

The Company estimates that the Over-allotment Option Grantor will receive the net proceeds of approximately HK$18.8 million after the sale of the Over-allotment Shares, after deducting the fees, commissions and expenses payable by the Over-allotment Option Grantor in connection with the partial exercise of the Over-allotment Option. The Company will not receive any of the net proceeds from the sale of the Over-allotment Shares by the Over-allotment Option Grantor.

The Directors confirm that immediately following the partial exercise of the Over-allotment Option, the Company will continue to comply with the public float requirements under Rule 8.08 of the Listing Rules that at least 25% of the total number of the total issued share capital of the Company must be at all times be held by the public.

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A further announcement will be made by the Company after the end of the stabilisation period in connection with the Global Offering pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong).

By order of the Board

Leader Education Limited

LIU Laixiang

Chairman of the Board

Hong Kong, 26 August 2020

As at the date of this announcement, the executive Directors are Mr. LIU Laixiang, Ms. DONG Ling, Mr. WANG Yunfu and Mr. CHE Wenge; and the independent non-executive Directors are Mr. ZHANG Su, Mr. CAO Shaoshan and Mr. CHAN Ngai Fan.

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