Golden Sun Education Group Limited
We are not a Chinese operating company, but rather a holding company incorporated in the Cayman Islands. Our Class A Ordinary Shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our operations through our operating entities established in the People’s Republic of China (PRC).
We are a leading provider of Spanish tutorial services in China in 2019, according to the Industry Report. Established in 1997 and headquartered in Shanghai, China, we have over twenty years of experience providing educational services that focus on the development of each of our student’s strengths and potential, and the promotion of life-long skills and interests in learning. Prior to the Reorganization, we operated one premium primary private school and one premium secondary private school through two VIEs, in addition to our current operations that include tutorial centers for children and adults, one educational company that partners with high schools to offer language classes to their students, and one logistics company that provides logistic and consulting services. . Since the Reorganization, we no longer operate primary or secondary private schools and no longer use a VIE structure.
Our China-based subsidiary, Golden Sun Wenzhou, and its subsidiaries, operate tutorial centers in China. For fiscal years ended September 30, 2021 and 2020, 90% and 88% of our total revenue (excluding revenues from discontinued operations) was generated from our tutorial centers, respectively. Each of our centers focuses on different groups of targeted students by offering different tutorial programs:
*Yangfushan Tutorial offers a Gaokao repeater tutorial program to high school students who retake Gaokao. Yangfushan Tutorial is also entrusted to offer high school program education to students of the Central Radio & Television Secondary Specialized School located in Wenzhou City, China.
*Hongkou Tutorial offers various English and other foreign language tutorial programs and Gaokao and Zhongkao repeater tutorial programs to individual students as well as companies and other organizations.
*Jicai Tutorial offers non-English foreign language tutorial programs to individual students, companies and other organizations.
Our programs offered to repeaters are specifically targeting the upcoming Gaokao or Zhongkao. As for foreign language tutoring, we offer English, Spanish, German, French and Japanese courses to students who intend to study abroad, individuals seeking jobs that require certain proficiency in these languages, and companies or organizations whose workers need to have certain proficiency in these languages.
**Note: Revenue and net income are in U.S. dollars for the fiscal year ended Sept. 30, 2021.
(Note: Golden Sun Education Group Limited priced its IPO on June 21, 2022, at $4.00 – the low end of its $4.00-to-$5.00 price range – and priced the full 4.4 million shares listed in the prospectus, to raise $17.6 million.)
|Address||Profit Huiyin Square North Building, Huashan 2018, Unit 1001, Xuhui District, Shanghai, China|
|View Prospectus:||Golden Sun Education Group Limited|
|Revenues||$15.03 mil (last 12 months)|
|Net Income||$2.16 mil (last 12 months)|
|Price range||$4.00 - $4.00|
|Est. $ Volume||$17.6 mil|
|Manager / Joint Managers||Network 1 Financial Securities|
|Expected To Trade:||6/22/2022|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|