BEIJING, May 29, 2019 /PRNewswire/ -- RYB Education, Inc.
("RYB" or the "Company") (NYSE: RYB), a leading early childhood
education service provider in China, announced today that it has appointed
Mr. Hao Gu as its Chief Financial Officer, effective June 1, 2019. Mr. Gu will succeed Ms.
Ping Wei, who has decided to
retire from the role of Chief
Financial Officer which she took in
2017. Ms. Wei will continue to serve RYB as a senior advisor.
Ms. Yanlai Shi, Chief Executive Officer, Co-founder and
Executive Director, said, "On behalf of the Board of Directors and
management team, I would like to thank Ping for her contributions
and tireless work at RYB. We look forward to continuing to work
with Ping in her new advisory role with the Company. I would also
like to warmly welcome Hao to the Company. He brings to us over a
decade of leadership experience in investment banking, corporate
finance, capital markets and mergers and acquisitions. I am
confident his leadership and deep financial background will make
him an invaluable addition to the RYB team as together we execute
on our numerous growth initiatives."
"I am both honored and excited to join RYB as its Chief
Financial Officer," said Mr. Gu. "I have tremendous respect for the
Company's senior management and the pioneering path they have
blazed in the early childhood education industry in China. The mission to provide individualized,
age-appropriate high quality education to children is important to
me. I am looking forward to help leading the Company as we continue
to capture growth opportunities in this exciting market space."
Prior to joining RYB, Mr. Gu worked as an executive director of
the Asia Pacific Telecom, Media and Technology team in UBS AG's
Investment Banking Division in Hong
Kong. Prior to that, Mr. Gu was part of the Asia Pacific Telecom, Media and
Technology Investment Banking team at Credit Suisse, where he
worked on various important capital markets and M&A
transactions.
Mr. Gu received an MBA from Cornell
University and a bachelor's degree from the Beijing Foreign
Studies University.
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 nearly 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
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SOURCE RYB Education, Inc.