China Ed Intl Inc (GREY:CEII)

We operate the Shaoxing High School, a private primary education school for grades 7 through 12 in Shaoxing County located in the Zhejiang Province in China. Shaoxing High School offers unified national core curriculums such as Chinese, mathematics, physics, English, history, biology, and related primary courses. Established in 2002, Shaoxing High School operates on a 25 acre campus and offers 57 classes across six grades. After eight years of development, Shaoxing High School has approximately 3,000 students in enrollment and a staff of approximately 195 instructors, administrators and support staff. The average tuition per student is RMB 12,000 (approximately US $1,791) per year. The school’s primary income sources are tuition, school selection fee and dormitory fees.

We receive 65% of the Shaoxing High School’s pre-tax profits (90% if no taxes are paid) in consideration for technical support, marketing and management consulting services provided by Hangzhou Technology to the Shaoxing High School