Puxin to Report Second Quarter 2020 Financial Results on August 24, 2020

BEIJING,Aug. 12,2020 -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"),a successful consolidator of the after-school education industry in China,today announced that it will report its financial results for the second quarter ended June 30,2020,before U.S. markets open on August 24,2020.

Puxin's management will hold an earnings conference call on Monday,August 24,at 8:00 AM U.S. Eastern Time (8:00 PM on the same day,Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows:

International: +1-412-902-4272

Mainland China: 4001-201203

US: +1-888-346-8982

Hong Kong: +852-301-84992

Passcode: Puxin

A telephone replay will be available two hours after the conclusion of the conference call through August 31,2020. The dial-in details are:

International: +1-412-317-0088

US: +1-877-344-7529

Passcode:10147111

Additionally,a live and archived webcast of this conference call will be available at http://ir.pxjy.com/.

About Puxin Limited

Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a successful consolidator of the after-school education industry in China. Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools. Puxin offers a full spectrum of K-12 and study-abroad tutoring programs designed to help students achieve academic excellence,as well as prepare for admission tests and applications for top schools,universities and graduate programs in China and other countries. The Company has developed a business model effectively combining strategic acquisitions and organic growth achieved through successful post-acquisition integration,which has differentiated the Company from other after-school education service providers in China.

For more information,please contact:

Puxin Limited

Phone: +86-10-6269-8930

E-mail: ir@pxjy.com

ICA (Institutional Capital Advisory)

Mr. Kevin Yang

Phone: +86-021-8028-6033

E-mail: puxin@icaasia.com

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