春天的花香 发表于 2009-4-20 16:23:00

Language Training Market in Chin

<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 2" align=left><B><SPAN lang=EN style="FONT-SIZE: 13.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 18.0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Language Training Market in <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 3; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="FONT-SIZE: 12.5pt; COLOR: #336699; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Appendix<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 4; mso-margin-top-alt: auto" align=left><A name=International_Language></A><B><SPAN lang=EN style="FONT-SIZE: 11.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">International Language Industry Players in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Wall Street English<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">The Wall Street Institute (</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSI</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">) was founded by Luigi&nbsp;T.&nbsp;Peccenini in <st1:country-region w:st="on"><st1:place w:st="on">Italy</st1:place></st1:country-region> in 1972, and has been franchising its operations since 1990. Since then, its network has expanded to include some 350 training centres in 25 countries, serving over 140&nbsp;000 students each year. In 1997, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSI</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> was acquired by Sylvan Learning Systems; in 2005, it was acquired by The Carlyle Group, a private equity firm.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Wall Street English (</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">), as it is known in <st1:country-region w:st="on">China</st1:country-region>, entered the market in May 2000 and operates a total of 14 branches in <st1:City w:st="on">Beijing</st1:City>, <st1:City w:st="on">Shanghai</st1:City> and <st1:City w:st="on"><st1:place w:st="on">Guangzhou</st1:place></st1:City>. Market intelligence suggests that a major expansion is planned in the near future. </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> can be considered the key international player in the Chinese language training market.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">On its China Web site, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> claims a commitment to opening centres across <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region> within the next five to ten years. The franchises operate as joint ventures with local training organizations and/or "colleges." Currently serving 13&nbsp;000 students in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">'s revenue was expected to reach $30.5 million by the end of 2005. After five years of investing in building its presence and reputation in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>, the company is finally expecting to turn a profit this year. </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSI</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">'s global CEO, Tim Daniels, has stated publicly that he expects <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region> to become </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSI</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">'s largest single market within three years.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">With a marketing tagline of Better English = Better Career, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">'s products are aimed at business people and mature students with little time and higher incomes. The onus for study is placed on the student, which also keeps costs down for </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">. However, younger students are an ever-growing demographic. Professional students come from a variety of backgrounds, most notably in areas focusing on economic development and international business.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Visibility, as well as word-of-mouth, advertising, and on-site promotions (e.g. kiosks in subway stations and shopping malls) are key to </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">'s marketing strategy in <st1:place w:st="on"><st1:country-region w:st="on">China</st1:country-region></st1:place>. On their China Web site, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> has a "lucky draw" promotion and offers a free English assessment test. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> was also one of the earliest training organizations to leverage opportunities offered by the Olympic Games: in December 2000 the company donated English courses worth RMB10&nbsp;million ($1.3&nbsp;million) to the <st1:City w:st="on"><st1:place w:st="on">Beijing</st1:place></st1:City> municipal government for use over a seven-year period. To date, over 30 senior-level officials and some 160 working-level officials from different government entities have participated in the program. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Similarly, in May 2002, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> made an in-kind donation worth RMB8&nbsp;million ($1.1&nbsp;million) to the <st1:City w:st="on"><st1:place w:st="on">Shanghai</st1:place></st1:City> municipal government for use over an eight-year period. Two hundred and forty senior municipal government officials are expected to participate in the program. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> has also used donation-in-kind services as an effective government relations tool. In December 2001, when </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WSE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> was having difficulties with its legal registration in China, the institute offered a year-long English training course to eight vice ministers with the support of the Ministry of Education.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Market Leader Corporate English Training<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Market Leader is an international company with a global perspective and workforce. We're diverse, both culturally and geographically.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Founded in 1997, Market Leader Corporate English Training has become the leading provider of corporate online learning and support for corporate business English communication. Market Leader offers a scalable, on-demand solution that helps employees improve their ability to communicate effectively in English and enables companies to succeed in the global marketplace.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l9 level1 lfo1; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Part of the Moren Education Group; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l9 level1 lfo1; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Website</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: <A href="http://www.market-leader.cn/"><FONT color=#0000ff>www.market-leader.cn</FONT></A> <A href="http://www.market-leader.net.cn/"><FONT color=#0000ff>www.market-leader.net.cn</FONT></A> <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l9 level1 lfo1; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Call:</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">400-670-9199<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l9 level1 lfo1; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Corporate English Training and education sector investment / management; direct training and training for trainers; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l9 level1 lfo1; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Over 18 branches in cities such as <st1:City w:st="on">Beijing</st1:City>, <st1:City w:st="on">Guangzhou</st1:City>, <st1:place w:st="on"><st1:City w:st="on">Ningbo</st1:City></st1:place>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l9 level1 lfo1; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Corporate and professionals, government officials; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l9 level1 lfo1; tab-stops: list 36.0pt" align=left><SPAN lang=EN-US style="FONT-SIZE: 10pt; COLOR: #336699; FONT-FAMILY: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Business English/General English/Tailor-made VIP course; </SPAN><B><SPAN lang=EN-US style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l9 level1 lfo1; tab-stops: list 36.0pt" align=left><SPAN lang=EN-US style="FONT-SIZE: 10pt; COLOR: #336699; FONT-FAMILY: Symbol; mso-bidi-font-size: 10.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Four month program-RMB7000 ($1004)</SPAN><B><SPAN lang=EN-US style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">English First<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Established in 1965; now global franchise network with over 400 branches; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: 100 branches across <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>, including tier-one cities; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Corporate adult, students ages 4-14; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Ownership</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Founded by a Swede; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Oral English, business English, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">IELTS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">, travel English; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Real English (2 months, twice a week): RMB1700-2100 ($244-$301); <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l7 level1 lfo2; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Business English (4 months, twice a week): around RMB5000 ($717); Children's class (6 months, once a week): around RMB3400 ($488).<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><st1:City w:st="on"><st1:place w:st="on"><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Oxford</SPAN></B></st1:place></st1:City><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> English<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l10 level1 lfo3; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Opened in <st1:City w:st="on"><st1:place w:st="on">Beijing</st1:place></st1:City> in 2002; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l10 level1 lfo3; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Customized English training for individuals and international businesses; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l10 level1 lfo3; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: <st1:City w:st="on">Beijing</st1:City> and <st1:City w:st="on"><st1:place w:st="on">Shanghai</st1:place></st1:City>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l10 level1 lfo3; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Executives; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l10 level1 lfo3; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Ownership</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">WFOE</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> loosely affiliated with local partner (U.K.-owned China International Intellectech Corp.); <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l10 level1 lfo3; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Proprietary system "Linguarama"; Study in <st1:country-region w:st="on">China</st1:country-region> + study in <st1:country-region w:st="on"><st1:place w:st="on">Britain</st1:place></st1:country-region>; Skills workshops; "Culture club"; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l10 level1 lfo3; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Unavailable.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Northern Consortium (</SPAN></B><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NCUK</SPAN></B><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">)<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l11 level1 lfo4; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Established in 1987, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NCUK</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> comprises 11 British universities offering pre-undergraduate and pre-postgraduate courses around the world; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l11 level1 lfo4; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Bridging course for Chinese students who wish to study overseas, main focus on academic English; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l11 level1 lfo4; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: <st1:City w:st="on">Beijing</st1:City>, <st1:City w:st="on">Shanghai</st1:City>, <st1:City w:st="on">Guangzhou</st1:City>, <st1:City w:st="on">Suzhou</st1:City>, <st1:City w:st="on">Chengdu</st1:City>, <st1:City w:st="on">Chongqing</st1:City>, <st1:City w:st="on">Wuhan</st1:City>, and <st1:City w:st="on"><st1:place w:st="on">Qingdao</st1:place></st1:City>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l11 level1 lfo4; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: University students; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l11 level1 lfo4; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Ownership</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">JV</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">s with Chinese educational institutions <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l11 level1 lfo4; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: International foundation year (</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">IFY</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">), pre-Masters program (</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">PMP</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">); <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l11 level1 lfo4; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: IFY-Sciences: RMB83&nbsp;000 ($11&nbsp;910); Business studies: RMB80&nbsp;000 ($11&nbsp;480); PMP-4 months: RMB28&nbsp;000 ($4018); 8 months: RMB48&nbsp;000 ($6888); 12 months: RMB68&nbsp;000 ($9758).<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 4; mso-margin-top-alt: auto" align=left><A name=Canadian_Language></A><B><SPAN lang=EN style="FONT-SIZE: 11.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Canadian Language Industry Players in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><st1:place w:st="on"><st1:PlaceName w:st="on"><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Maple</SPAN></B></st1:PlaceName><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> <st1:PlaceName w:st="on">Leaf</st1:PlaceName> <st1:PlaceName w:st="on">International</st1:PlaceName> <st1:PlaceType w:st="on">School</st1:PlaceType></SPAN></B></st1:place><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l4 level1 lfo5; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: <st1:place w:st="on"><st1:PlaceName w:st="on">Dalian</st1:PlaceName> <st1:PlaceName w:st="on">Maple</st1:PlaceName> <st1:PlaceName w:st="on">Leaf</st1:PlaceName> <st1:PlaceName w:st="on">International</st1:PlaceName> <st1:PlaceType w:st="on">School</st1:PlaceType></st1:place> was founded in 1995 as a Sino-Canada </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">JV</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> international school; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l4 level1 lfo5; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: A Western educational system in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>, providing opportunities to study overseas; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l4 level1 lfo5; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: <st1:City w:st="on"><st1:place w:st="on">Dalian</st1:place></st1:City>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l4 level1 lfo5; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Primary, junior, senior high school, adult; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l4 level1 lfo5; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Ownership</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">JV</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l4 level1 lfo5; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Elementary to senior high school; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l4 level1 lfo5; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Senior High: $902; Junior High: $6777; Elementary: $5645 (all annual, room and board inclusive).<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><st1:place w:st="on"><st1:PlaceName w:st="on"><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Capilano</SPAN></B></st1:PlaceName><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> <st1:PlaceType w:st="on">College</st1:PlaceType></SPAN></B></st1:place><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l6 level1 lfo6; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Based in <st1:place w:st="on"><st1:City w:st="on">Vancouver</st1:City>, <st1:State w:st="on">British Columbia</st1:State></st1:place>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l6 level1 lfo6; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Working with universities in <st1:country-region w:st="on">China</st1:country-region> to allow for student exchanges between <st1:country-region w:st="on">Canada</st1:country-region> and <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l6 level1 lfo6; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: <st1:City w:st="on">Tianjin</st1:City>, <st1:City w:st="on">Hangzhou</st1:City>, and <st1:City w:st="on"><st1:place w:st="on">Harbin</st1:place></st1:City>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l6 level1 lfo6; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: University students; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l6 level1 lfo6; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Ownership</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">JV</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l6 level1 lfo6; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: China-Canada Business Administration (CCBA) Diploma and Transfer Program; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l6 level1 lfo6; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: RMB52000 ($7457)/year for the Chinese part of the degree curriculum.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 4; mso-margin-top-alt: auto" align=left><A name=Local_Language></A><B><SPAN lang=EN style="FONT-SIZE: 11.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Local Language Industry Players in <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 4; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="FONT-SIZE: 11.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">New <st1:place w:st="on"><st1:PlaceName w:st="on">Oriental</st1:PlaceName> <st1:PlaceType w:st="on">School</st1:PlaceType></st1:place><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Founded by Yu Minhong in 1993, New Oriental School (NOS) has branches in 20 cities across <st1:country-region w:st="on">China</st1:country-region>, as well as overseas branches in <st1:City w:st="on"><st1:place w:st="on">Toronto</st1:place></st1:City> and Montréal. By the end of 1995, some 20&nbsp;000 students were registered at </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NOS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">. At present, the number of registered students exceeds 800&nbsp;000. The New Oriental Education &amp; Technology Group, the parent group of </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NOS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">, anticipated nearly $101.6&nbsp;million in revenues in 2005 from training alone. </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NOS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> is registered at the Haidian District Education Bureau as a training centre. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Following the widely publicized copyright infringement litigation in which </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">ETS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">, the plaintiff, won significant damages and a public apology, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NOS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> has clearly been trying to revamp its image and re-instate its reputation. This has involved personnel changes and a campaign to hire qualified teachers with experience in the <st1:country-region w:st="on">U.S.</st1:country-region> or <st1:country-region w:st="on"><st1:place w:st="on">Canada</st1:place></st1:country-region>.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NOS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> has also expanded its service offerings to include Chinese language training (in <st1:place w:st="on"><st1:country-region w:st="on">Canada</st1:country-region></st1:place>), consulting on overseas studies, and publishing / book distribution.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Over the past ten years, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NOS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> has built up a strong reputation among <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>'s students (although much less so among its educators) by helping students to achieve high scores in the GRE, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">TOEFL</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> and GMAT examinations through testing-taking techniques rather than actual skill development. However, English has become a growing market for </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NOS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> as well. <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Course offerings include test preparation (GMAT, GRE, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">TOEFL</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">, </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">IELTS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">), English, middle and high school English training, and foreign languages (e.g. Japanese, Korean, French and Spanish).<o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto" align=left><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">New Oriental focuses on short-term English Training and provides overseas education services. Its students mainly consist of those seeking overseas education and those that approach the school for test preparation. </SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">NOS</SPAN><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> primarily uses advertising and word-of-mouth to promote its services.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Dell English<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l0 level1 lfo7; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Established in 2001; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l0 level1 lfo7; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Primarily oral English; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l0 level1 lfo7; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: 30 branches in <st1:City w:st="on">Beijing</st1:City>, <st1:City w:st="on">Guangzhou</st1:City>, <st1:City w:st="on">Shenyang</st1:City>, <st1:City w:st="on">Shijiazhuang</st1:City>, <st1:City w:st="on">Hangzhou</st1:City> and <st1:City w:st="on"><st1:place w:st="on">Luoyang</st1:place></st1:City>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l0 level1 lfo7; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Individuals of all ages; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l0 level1 lfo7; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Ownership</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Private franchise; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l0 level1 lfo7; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Oral English, test preparation; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l0 level1 lfo7; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Typically three-month courses. Business English: RMB3800 ($545); oral English: RMB2900 ($416).<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Liyang Crazy English<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l8 level1 lfo8; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Established in 1995, <st1:City w:st="on"><st1:place w:st="on">Guangzhou</st1:place></st1:City> (HQ); <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l8 level1 lfo8; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Training, teaching, editing, AV production; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l8 level1 lfo8; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: 30 branches across <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l8 level1 lfo8; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Young school-age learners; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l8 level1 lfo8; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Ownership</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Private franchise; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l8 level1 lfo8; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Oral English, certificate English, training camps; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l8 level1 lfo8; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: 12-day summer course: RMB1980 ($284); Weekend course (month): RMB980 ($141).<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><st1:City w:st="on"><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Beijing</SPAN></B></st1:City><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> Global </SPAN></B><st1:place w:st="on"><st1:PlaceName w:st="on"><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">IELTS</SPAN></B></st1:PlaceName><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> <st1:PlaceType w:st="on">School</st1:PlaceType></SPAN></B></st1:place><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l3 level1 lfo9; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Established <st1:chmetcnv w:st="on" UnitName="in" SourceValue="1997" HasSpace="True" Negative="False" NumberType="1" TCSC="0">1997 in</st1:chmetcnv> <st1:City w:st="on"><st1:place w:st="on">Beijing</st1:place></st1:City>, offering a wide range of English courses; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l3 level1 lfo9; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Multi-level training for diverse groups; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l3 level1 lfo9; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: 34 branches across <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l3 level1 lfo9; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: All ages; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l3 level1 lfo9; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Ownership</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Franchise; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l3 level1 lfo9; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Certificate English, business English; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l3 level1 lfo9; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Weekend class (52.5h): RMB880 ($126); business English class (52.5h): RMB1805 ($259).<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><st1:place w:st="on"><st1:PlaceName w:st="on"><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Shi</SPAN></B></st1:PlaceName><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"> <st1:PlaceName w:st="on">Li</st1:PlaceName> <st1:PlaceName w:st="on">English</st1:PlaceName> <st1:PlaceType w:st="on">School</st1:PlaceType></SPAN></B></st1:place><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN"><o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l5 level1 lfo10; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: General English and test preparation; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l5 level1 lfo10; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: <st1:City w:st="on"><st1:place w:st="on">Beijing</st1:place></st1:City>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l5 level1 lfo10; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Those seeking to improve English skills or study abroad; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l5 level1 lfo10; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Certificate English; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l5 level1 lfo10; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Oral class (8 weeks): RMB890 ($128); Oral class (half month): RMB450 ($64).<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Yanghualianpian (Modern English)<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l1 level1 lfo11; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Established in 1999 through an English instruction television program; first introduced small classes (3-5 students); builds partnerships with businesses e.g. Microsoft, PetroChina; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l1 level1 lfo11; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Focus on oral English, other multi-level training offered; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l1 level1 lfo11; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Branches in 15 cities across <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l1 level1 lfo11; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: All ages; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l1 level1 lfo11; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Ownership</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Franchise; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l1 level1 lfo11; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Oral English, business English, children's English, English Club, VIP English; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l1 level1 lfo11; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Priced according to class type.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-outline-level: 5; mso-margin-top-alt: auto" align=left><B><SPAN lang=EN style="COLOR: #336699; FONT-FAMILY: Verdana; mso-bidi-font-size: 10.5pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Enjoyed English<o:p></o:p></SPAN></B></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l2 level1 lfo12; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Overview</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Established in <st1:chmetcnv w:st="on" UnitName="in" SourceValue="1998" HasSpace="True" Negative="False" NumberType="1" TCSC="0">1998 in</st1:chmetcnv> <st1:City w:st="on"><st1:place w:st="on">Tianjin</st1:place></st1:City>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l2 level1 lfo12; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Scope</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Test preparation; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l2 level1 lfo12; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Locations</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Branches in many cities e.g. <st1:City w:st="on">Beijing</st1:City>, <st1:City w:st="on">Changsha</st1:City>, <st1:City w:st="on">Wuhan</st1:City>, <st1:City w:st="on">Tianjin</st1:City>, and <st1:City w:st="on"><st1:place w:st="on">Xi'an</st1:place></st1:City>; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l2 level1 lfo12; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Clientele</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: All ages; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l2 level1 lfo12; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Courses</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Certificate English, primary and high school training courses; renowned for CET 4 and 6 preparatory courses; <o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt 122.4pt; TEXT-INDENT: -18pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-list: l2 level1 lfo12; tab-stops: list 36.0pt" align=left><SPAN lang=EN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-bidi-font-size: 9.5pt; mso-fareast-font-family: Symbol; mso-font-kerning: 0pt; mso-bidi-font-family: Symbol; mso-ansi-language: EN"><SPAN style="mso-list: Ignore">·<SPAN style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </SPAN></SPAN></SPAN><B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-bidi-font-size: 12.0pt; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">Cost</SPAN></B><SPAN lang=EN style="FONT-SIZE: 9.5pt; COLOR: black; FONT-FAMILY: Verdana; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体; mso-ansi-language: EN">: Reading class (1 month): RMB450 ($65); oral English (20 days): RMB360 ($52).<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN style="mso-ansi-language: EN"><o:p><FONT face="Times New Roman">&nbsp;</FONT></o:p></SPAN></P>

浩然@HR 发表于 2009-4-20 19:21:00

回复:Language Training Market in C

嗯,是挺全的了:)
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