RISE Education Files Annual Report on Form 20-F for Fiscal Year 2020

BEIJING,April 20,2021 -- RISE Education Cayman Ltd ("RISE"or the "Company") (NASDAQ: REDU),a leading junior English Language Training ("ELT") provider in China,today announced it has filed its annual report containing its audited consolidated financial statements on Form 20-F for the fiscal year ended December 31,2020 with the Securities and Exchange Commission ("SEC") on April 19,2021,Beijing time. The annual report can be accessed on the Company's investor relations website at http://ir.risecenter.com/ as well as the SEC's website at http://www.sec.gov.

The Company will provide hard copies of the annual report,free of charge,to its shareholders and ADS holders upon request. Requests should be directed to the Company's IR Department at riseir@rdchina.net.

About RISE Education

RISE is a leading service provider in China's junior ELT market,which refers to after-school English teaching and tutoring services provided by private education institutions to students aged three to 18. We pioneered the "subject-based learning" teaching philosophy in China,whereby various subject matters,such as language arts,math,natural science and social science,are used to teach English. RISE courses use interactive courseware to create an immersive English learning environment that helps students learn to speak and think like a native speaker. For more information,please visit http://ir.risecenter.com/.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements,including the statements relating to the Company's future financial and operating results,are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. Among other things,management's quotations and the Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations,assumptions,estimates and projections about RISE and the industry. Potential risks and uncertainties include,but are not limited to,those relating to its ability to attract new students and retain existing students,its ability to maintain or enhance its brand,its ability to compete effectively against its competitors,its ability to execute its growth strategy,its ability to introduce new products or enhance existing products,its ability to obtain required licenses,permits,filings or registrations,its ability to grow or operate or effectively monitor its franchise business,quarterly variations in its operating results caused by factors beyond its control,macroeconomic conditions in China and government policies and regulations relating to its corporate structure,business and industryand their potential impact on itsfuture business development,financial condition and results of operations. All information provided in this press release is as of the date hereof,and RISE undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances,or changes in its expectations,except as may be required by law. Although RISE believes that the expectations expressed in these forward-looking statements are reasonable,it cannot assure you that its expectations will turn out to be correct,and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by RISE is included in RISE's filings with the U.S. Securities and Exchange Commission,including its annual reporton Form 20-F for the year ended December 31,2020.

Investor Relations Contact

Aaron Li

RISE Education

Email: riseir@rdchina.net

Tel: +86 (10) 8559-9191

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