RISE Education to Hold Extraordinary General Meeting of Shareholders on April 29, 2022

BEIJING, April 4, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU) today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at Room 101, Jia He Guo Xin Mansion, No. 15 Baiqiao Street Guangqumennei, Dongcheng District, Beijing 100062, People's Republic of China, on Friday, April 29, 2022 at 10:00 a.m. (China Standard Time), for the purposes of considering and, if thought fit, approving the transactions contemplated in the Agreement and Plan of Merger (the "Merger Agreement"), dated February 8, 2022, pursuant to which the shareholders of Dada Auto Inc. ("NaaS") will exchange all of the issued and outstanding share capital of NaaS for newly issued shares of the Company in a transaction exempt from the registration requirements under the Securities Act of 1933 (the "Transaction"). The Transaction, which was previously announced on February 8, 2022, will upon consummation result in NaaS becoming a wholly owned subsidiary of the Company.

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