Le Lézard
Subject: ANNUAL MEETINGS

EA Education Announces Annual and Special Meeting Results, Changes in Directors and Share Consolidation


MARKHAM, Ontario, March 01, 2019 (GLOBE NEWSWIRE) -- EA Education Group Inc. (the "Company" or "EA") (CSE:EA) is pleased to announce that the shareholders have voted in favour of all resolutions brought forward at the Company's annual and special meeting of shareholders held on February 28, 2019 (the "Meeting").

The shareholders have re-appointed MNP LLP as auditors, set the number of directors at five and elected the following directors of the Company: Wen (Wendy) Xu, Wei Dong (Tony) Wang, Stan Grunzeweig, Herrick Lau and Anthony Chang.

The shareholders also approved the special resolutions to (i) change the province in which the registered office is situated from British Columbia to Ontario, and (ii) to consolidate its common shares (the "Shares") on the basis of one (1) post-consolidation Share for fifteen (15) pre?consolidation Shares, as more particularly described in the Management Information Circular dated January 28, 2019.  No fractional Shares will be issued and such fraction will be rounded down to the nearest whole number and no cash consideration will be paid.  Upon completion of the consolidation, there will be approximately 11,617,124 Shares issued and outstanding.  The effective date for the consolidation will be March 6, 2019. 

The Shares will begin trading on a consolidated basis and under the new CUSIP number 26824W207 on March 6, 2019.   The trading symbol will remain unchanged.

About EA Education Group Inc.

The Company is a Toronto-based provider of education services. On behalf of the Board of Directors:

"Wen Xu"
Chair of the Board

For further information, please contact:
Wen (Wendy) Xu
Phone: 647-556-3478
Email: [email protected]

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Certain statements in this news release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. All information and statements which are not historical fact constitute forward-looking information and, in many cases, can be identified by words such as "proposed", "may", "will", "expect", "intend", "anticipate", "believe", "estimate", "potential", or other similar terminology. Forward-looking statements involve risks, assumptions, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Company may vary materially from those described in this press release. Accordingly, readers are advised not to place undue reliance on forward looking information. Except as otherwise required by law, the Company does not intend to and assumes no obligation to update or revise forward looking information, whether as a result of new information, plans, events or otherwise.



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