China Maple Leaf Educational Systems Limited — Audit Report / Information 2022

Apr 8, 2022

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong 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.

==> picture [99 x 99] intentionally omitted <==

China Maple Leaf Educational Systems Limited 中國楓葉教育集團有限公司[*]

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1317)

CHANGE OF AUDITORS

The Board announces that Deloitte has resigned as the auditor of the Company with effect from 25 March 2022.

The Board also announces that, with the recommendation of the Audit Committee, SHINEWING has been appointed as the auditor of the Company with effect from 8 April 2022 to fill the casual vacancy following the resignation of Deloitte and to hold office until conclusion of the next annual general meeting of the Company.

RESIGNATION OF AUDITOR

The board (“ Board ”) of directors (“ Directors ”) of China Maple Leaf Educational Systems Limited (“ Company ”, together with its subsidiaries and consolidated affiliated entities, the “ Group ”) announces that Deloitte Touche Tohmatsu (“ Deloitte ”) has resigned as the auditor of the Company with effect from 25 March 2022 as the Company and Deloitte could not reach a mutual agreement in respect of the audit fee for the financial year ending 31 August 2022.

Deloitte has confirmed in its letter of resignation dated 25 March 2022 that there are no matters in connection with its resignation that need to be brought to the attention of the holders of securities of the Company. The Board and the audit committee of the Board (“ Audit Committee ”) have also confirmed that there is no disagreement between the Company and Deloitte, and that there are no other matters or circumstances in respect of the change of the auditor which should be brought to the attention of the holders of securities of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Deloitte for its professional services and support rendered to the Group in the past years.

– 1 –

APPOINTMENT OF AUDITOR

The Board further announces that, with the recommendation of the Audit Committee, SHINEWING (HK) CPA Limited (“ SHINEWING ”) has been appointed as the auditor of the Company with effect from 8 April 2022 to fill the causal vacancy following the resignation of Deloitte and to hold office until conclusion of the next annual general meeting of the Company. The Board would like to take this opportunity to express its welcome to SHINEWING on its appointment as the auditor of the Company.

By order of the Board China Maple Leaf Educational Systems Limited Shu Liang Sherman Jen Chairman and Chief Executive Officer

Hong Kong, 8 April 2022

As at the date of this announcement, the Board comprises Mr. Shu Liang Sherman Jen, Ms. Jingxia Zhang and Mr. James William Beeke as Executive Directors; and Mr. Peter Humphrey Owen, Mr. Alan Shaver and Mr. Lap Tat Arthur Wong as Independent Non-executive Directors.

• For identification purposes only

– 2 –