Hailiang Education Group Inc. announced that the company had entered into a strategic cooperation agreement with Hangzhou Hikvision Digital Technology Co., Ltd, one of the world's leading Internet of things ("IoT") solution and big data service providers with video as its core competency, on July 1, 2021. Both parties will further develop the company's "Smart Campus System", combining of the company's school-operating experience and Hikvision's video technology expertise. Under the Agreement, the Company recognized Hikvision as Hailiang Education Smart Campus Global Alliance's strategic partner. Both parties agreed to establish a "Smart Campus Joint Laboratory" (also known as the "Hailiang-Hikvision Joint Laboratory") to work on software products innovation in the education field and promote the integration of both parties' business ecosystems. In addition, both parties also agreed to conduct cooperative research studies to apply for relevant provincial/national research projects jointly and explore the application of video technology in education and teaching fields, such as methods and techniques for students' aptitude evaluation, as well as the use of video technology to empower students' mental health education, etc.