On August 9, 2019, the Issuance Appraisal Committee of China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) appraised the application for a public offering of 3.15 billion CNY of convertible bonds by Zhejiang Hailiang Co., Ltd. (hereinafter referred to as “the company”). According to the appraisal results, the company’s application was approved.