RISE Education Announces Management Change

World News: . []

BEIJING, Nov. 09, 2018 (GLOBE NEWSWIRE) -- RISE Education Cayman Ltd ("RISE" or the “Company”) (NASDAQ: REDU), a leading junior English Language Training (“ELT”) provider in China, today announced that Ms. Chelsea Qingyan Wang has decided to resign from her role as the Company’s Chief Financial Officer (CFO), due to personal reasons. Ms. Jiandong Lu will assume the role of the CFO while retaining her position as the Chief Operating Officer of the Company.  Ms. Chelsea Wang will remain with the Company until December 31, 2018 to ensure a smooth transition.

“On behalf of the Company, I would like to thank Ms. Chelsea Qingyan Wang for her contribution to RISE’s growth and development over the years. We wish her the best in her future endeavors,” stated Mr. Yiding Sun, the Chief Executive Officer of RISE. “We are confident that Ms. Jiandong Lu is well positioned to take over the CFO role with her extensive experiences in the financial service sector and her expertise in capital markets.”

Mei LiRISE EducationTel: +86 (10) 8559-9160Email: riseir@rdchina.net

Jack WangICR, Inc.Tel: +1 (347) 436-8371Email: riseir@rdchina.net

Media Relations Contact

Edmond Lococo                                                       ICR Inc.Tel: +86 (10) 6583-7510Email: Edmond.Lococo@icrinc.com

Source: RISE Education Cayman Ltd

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Globe Newswire: 12:00 GMT Friday 9th November 2018

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