14 April 2020

Starcrest Education The Belt & Road Limited

("Starcrest" or the "Company" or the "Group")

Notification of Change

Starcrest Education The Belt & Road Limited (LSE: OBOR), the international developer and operator of education services in Europe, has today announced a change in shareholder information, made on 13 April 2020.

The specific items of approval and change are as follows:

Prior to the change of shareholder information:

XingChen Zhu: investment amount of 85 million yuan, investment proportion of 85%; Shenzhen Xin Jiu Tian Investment Holdings Ltd: investment amount of 15 million yuan, investment proportion of 15%.

Shareholder information after the change:

Fubao Group Holdings Ltd: investment amount of 85 million yuan, investment proportion of 85%;
Shenzhen Xin Jiu Tian Investment Holdings Ltd: investment amount of 15 million yuan, investment proportion of 15%.

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Enquiries:

Notes to editors:

Starcrest is an international developer and operator of education services in Europe. The newly formed entity has been established to seek acquisition opportunities in the international education sector. 

The Company intends to capture opportunities arising from the 'One Belt, One Road' ("OBOR") initiative, a foreign policy and economic strategy of the Chinese Government. The term derives from the Silk Road, the ancient trade route, and encompasses the overland 'Silk Road Economic Belt' and the '21st-Century Maritime Silk Road,' concepts introduced by Chinese President Mr Xi Jinping in 2013. These are the two major axes along which China proposes to economically link Europe to China through countries across Eurasia and the Indian Ocean. The OBOR initiative also links to Africa and Oceania.

Starcrest listed on the Main Market of the London Stock Exchange on 31 January 2019 under the ticker symbol (LSE: OBOR). Further information can be found on the Company's website at https://www.starcresteducation.com