BEIJING, Aug. 31, 2021 /PRNewswire/ -- 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, 2021 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, 2021 to ensure a smooth transition.
Mr. Wu has extensive experience in corporate finance, technology
and management matters. 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 PricewaterhouseCoopers Consulting with a focus on
the technology, media and telecommunications (TMT)
sectors and digital solutions across cloud, e-commerce and
analytics. Prior to that, Mr. Wu worked with airline and
telecommunications 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 CFO with his extensive experience in corporate finance,
technology and management matters."
About RISE Education
RISE 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.
The Company's mission is to create an aptitude education
ecosystem that specializes in early child development, cognitive
thinking, and aptitude training. Through digital transformation and
continuous upgrading of its business and operations, RISE consists
of five brands – RISE English, an aptitude training brand for
students above six years old; Hiyeah, a brand focusing on social
interaction and emotional development of children between three to
eight years old; WhySTEAM, a brand focusing on STEAM-oriented
aptitude development for children under eight years old; RISE Study
Tour, a brand for students' comprehensive practical aptitude
development; and The Edge, a premium brand for academic tutoring,
test preparation and admissions consulting services, please visit
http://ir.risecenter.com/.
For investor and media inquiries, please contact:
Luna Xing
RISE Education
Email: riseir@rdchina.net
Tel: +86 (10) 8559-9191
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SOURCE RISE Education Cayman Ltd