0001104659-18-060757.txt : 20181005 0001104659-18-060757.hdr.sgml : 20181005 20181005162039 ACCESSION NUMBER: 0001104659-18-060757 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181031 FILED AS OF DATE: 20181005 DATE AS OF CHANGE: 20181005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OneSmart International Education Group Ltd CENTRAL INDEX KEY: 0001722380 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 000000000 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38430 FILM NUMBER: 181110646 BUSINESS ADDRESS: STREET 1: 165 WEST GUANGFU ROAD STREET 2: PUTUO DISTRICT CITY: SHANGHAI STATE: F4 ZIP: 200063 BUSINESS PHONE: 0085255990116 MAIL ADDRESS: STREET 1: 165 WEST GUANGFU ROAD STREET 2: PUTUO DISTRICT CITY: SHANGHAI STATE: F4 ZIP: 200063 FORMER COMPANY: FORMER CONFORMED NAME: OneSmart Education Group Ltd DATE OF NAME CHANGE: 20171113 6-K 1 a18-36413_16k.htm 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2018

 

 

Commission File Number: 001- 38430

 

 

OneSmart International Education Group Limited

 

165 West Guangfu Road

Putuo District
Shanghai 200063
The People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  x  Form 40-F  o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

 

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

OneSmart International Education Group Limited

 

 

 

 

 

 

 

By

:

/s/ Dong Li

 

Name

:

Dong Li

 

Title

:

Chief Financial Officer

 

 

Date: October 5, 2018

 

2


 

Exhibit Index

 

Exhibit 99.1—Press Release

 

3

 EX-99.1 2 a18-36413_1ex99d1.htm EX-99.1

Exhibit 99.1

 

OneSmart Announces US$30 Million Share Repurchase Program

 

SHANGHAI, October 5, 2018 /PRNewswire/ — OneSmart International Education Group Limited (NYSE: ONE) (“OneSmart” or the “Company”), the largest premium K-12 after-school education service provider in China, today announced that its board of directors has authorized a share repurchase program to repurchase up to US$30.0 million worth of its shares over the next 12 months, subject to market conditions.

 

Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices, block transactions, and/or in privately negotiated transactions and are subject to relevant rules under the Securities Exchange Act of 1934, as amended (the “Act”). The Company will also effect repurchase transactions in compliance with Rules 10b5-1 and 10b-18 under the Act and the Company’s insider trading policy. OneSmart’s board of directors will review the share repurchase program periodically, and may authorize adjustments of its terms and size. The Company plans to fund repurchases from its existing cash balance or future cash generated by operating activities. As of May 31, 2018, the Company had cash and cash equivalents of RMB1,513.3 million (US$236.1 million) and short-term investments of RMB841.1 million (US$131.2 million).

 

Mr. Steve Xi Zhang, Chairman and Chief Executive Officer of OneSmart, commented, “This share repurchase program reflects the confidence that the Board and management have in OneSmart’s future business prospects, operating fundamentals and strategy to further strengthen our leadership position in China’s premium education market. We are pleased that our strong cash generating capabilities enable us to create and return long-term sustainable value for our shareholders.”

 

About OneSmart

 

Founded in 2008 and headquartered in Shanghai, OneSmart International Education Group Limited is the largest premium K-12 after-school education service provider in China in terms of revenue in 2016 and 2017, according to Frost & Sullivan. Since commencement of our business, our vision is to build the most trusted “Third Classroom” outside of home and school and our mission is to bring out the utmost learning power in each student by cultivating his or her study motivation, capability and perseverance, and enable our students to pursue their life-long success. Our company culture is centered on the core values of customer focus, execution, innovation and teamwork.

 

The Company has built a comprehensive premium K-12 after-school education platform that encompasses OneSmart VIP (exam preparation services for students from 3rd to 12th grade), HappyMath (kids mathematics services for children aged 3 to 8 years old) and FasTrack English (kids English services for children aged 3 to 8 years old). As of May 31, 2018, OneSmart operated a nationwide network of 302 study centers across 43 cities in China.

 

For more information on OneSmart, please visit http://www.onesmart.investorroom.com.

 

For more information, please contact:

 

OneSmart

Ms. Rebecca Shen

+86-21-5255-9339 ext. 8139

ir@onesmart.org

 

Christensen

 

In China

Mr. Christian Arnell

Phone: +86-10-5826-4939

E-mail: carnell@christensenir.com

 

In the US

Ms. Linda Bergkamp

Phone: +1-480-614-3004

Email: lbergkamp@ChristensenIR.com