College of Information and Business is an independent college located in Zhengzhou, Henan province, China, which provides formal undergraduate education and junior college education. College of Information and Business’s educational philosophy is “to focus on service as the principle and employment as the guidance, use special characteristics to create brand and hope to develop with quality” (以服務為宗旨，以就業為導向，以特色創品牌，以品質謀發展). For the 2015/2016, 2016/2017, 2017/2018 school years, the school had 4,726, 5,196 and 5,498 graduates, respectively, and their initial employment rates were 86.5%, 91.8% and 93.9%, respectively.

College of Information and Business currently has ten departments, including business, accounting, politics, law and media, foreign languages, mechanical engineering, electrical engineering, information technology, construction engineering, artistic design and basic principles. It offers approximately 44 majors in the undergraduate program, including, among others, accounting, mechanical design and manufacturing and automation, architecture and network engineering. In addition, the school offers 16 majors under the junior college program, including accounting, engineering cost, multimedium technology, and clothing and apparel design. Among the majors College of Information and Business offers, accounting, information management and information system, English, clothing and apparel design have been designated by the Henan Department of Education as “provincial advantage majors,” whereas several other majors, including accounting, marketing, international economy and trading, have been recognized by the Henan Department of Education as “provincial specialty majors.” In addition to offering in-class courses under each of the majors, College of Information and Business provides students practical training courses based on the school’s education orientation, professional training objectives and specifications.

College of Information and Business has launched in-depth cooperation with numerous enterprises and institutions in the PRC, which entails close school-enterprise collaboration that focuses on the development of applied technical talent through active participation in technical talent training through such enterprises. The school effectively utilizes the actual industry experiences of the enterprises to strengthen the concept of practical training so that students are able to learn effectively through task-based training mode that is oriented towards the real enterprise environment. This close school-enterprise collaboration has yielded the introduction of more than 20 applied technical courses, such as VBSE financial comprehensive training, ERP financial comprehensive training, securities trading practice simulation, service skill practice, logistics resource planning simulation training, ERP sandbox enterprise management simulation, marketing ERP sandbox simulation, social networking services training, securities technical analysis and basic professional literacy courses. As of December 31, 2018, College of Information and Business had established approximately 126 external practical training bases with third-party enterprises and institutions and eight on-campus training bases. In the 2017/2018 school year, 3,634 students have participated in these programs.

It has been our joint venture school since 2007 until July 2018 (subsequent to which it became one of our subsidiaries). On March 28, 2017, we entered into an agreement with Zhongyuan University of Technology (as supplemented on June 12, 2018), pursuant to which, among other things, College of Information and Business will be transformed, subject to the regulatory approval from the relevant PRC government authorities, from a independent college to a wholly-privately owned undergraduate college. College of Information and Business currently has ten departments and offers approximately 44 majors in the undergraduate program and 16 majors under the junior college program. During the 2015/2016, 2016/2017 and 2017/2018 school years, College of Information and Business achieved an initial employment rate of approximately 86.5%, 91.8% and 93.9%, respectively.