EX-10.11



 Exhibit 10.11 

English Translation 

Property Lease Cooperation Agreement 

Party A (Lessor): Zhejiang Hailiang Education Group Ltd. 
 Party
B (Lessee): Zhuji Private High School 
 Party C (Guarantor): Hailiang Group Co., Ltd. 

Party D (Guarantor): Hailiang Feng 
 Through friendly
consultations based on the principles of voluntariness, equality, mutual benefits, and with consideration, the Parties have reached the following agreement and entered into this Property Lease Cooperation Agreement: 

 

	 	1.	Leased Premises 

 Party A intends to lease out to Party B the buildings, lands, sites and
other premises in Hailiang Education Park located at West Three Ring, Taozhu Street, Zhuji City (the “Property”, the gross floor area of which is subject to the Property Lease Contract to be duly executed by Party A and Party B).

  

	 	2.	Lease Price 

 The amount of rent for the Property shall be subject to the Property Lease
Contract to be duly executed by Party A and Party B. The rent shall be settled on a school year basis, and the rent for the current school year shall be paid before June 30 of each year. 

 

	 	3.	Lease Term 

 The lease term of the Property shall be subject to the Property Lease
Contract to be duly executed by Party A and Party B. 
  

	 	4.	Lease Purpose 

 Party B has had a full knowledge about the aforesaid Property, and is
willing to lease such Property to be used as a school. 
  

	 	5.	Covenants between Party A and Party B 

 (1). Party B entered into three Decoration and
Renovation Construction Contracts with Heng Zhong Da Construction Limited Company on November 13, 2014, under which the commencement dates are November 13, 2014 and the completion dates are June 30, 2015. The contents of the projects
are set out as follows: 
 (a) the decoration project for the sports stadiums in Hailiang Education Park, with a provisional amount of
RMB12,320,000 (to be settled according to the factual amount after completion); 

  
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 (b) the decoration project for the parent reception center and the school infirmary in Hailiang
Education Park, with a provisional amount of RMB55,750,000 (to be settled according to the factual amount after completion); 
 (c) the
project of interior decoration of students’ dormitories, the decoration of teaching buildings, canteens and administrative complex buildings, with a provisional amount of RMB223,660,000 (to be settled according to the factual amount after
completion). 
 Party A agrees that Party B can carry out the aforesaid decoration and renovation projects for the relevant properties in
the education park and other subsequent decoration and renovation projects in the name of Party B. 
 (2). Party A and Party B shall duly
execute the Property Lease Contract on the date when the following conditions are satisfied: 
 (a) Party A has obtained the ownership of
the buildings on the Property; 
 (b) Party B has completed the decoration and renovation work and satisfied the relevant teaching
conditions (no longer than [12] months since the commencement date of the decoration and renovation projects, i.e. November 12, 2015). 
  

	 	6.	Undertakings and Warranties 

 (1). Party A undertakes that if Party B fails to lease the
Property or Party A and Party B fail to duly execute the Property Lease Contract before November 12, 2015 for reasons not attributable to Party B, Party A is willing to fully compensate Party B for all the costs and expenses spent on the
decoration and renovation of the Property. 
 (2). Party C undertakes that if Party B fails to lease the Property or Party A and Party B
fail to duly execute the Property Lease Contract before November 12, 2015 for reasons not attributable to Party B, and Party A breaches agreement by failing to fully compensate Party B for all the costs and expenses spent on the decoration and
renovation of the Property, Party C is willing to assume irrevocable joint and several guarantee liabilities for compensation. 
 (3). Party
D undertakes that if Party B fails to lease the Property or Party A and Party B fail to duly execute the Property Lease Contract before November 12, 2015 for reasons not attributable to Party B, and Party A breaches agreement by failing to
fully compensate Party B for all the costs and expenses spent on the decoration and renovation of the Property, Party D is willing to assume irrevocable joint and several guarantee liabilities for compensation. 

 

	 	7.	Effectiveness 

 (1). This Agreement is made in quadruplicate, with Party A, Party B,
Party C and Party D each holding one copy, and shall take effect immediately upon execution by the Parties. 

  
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 (2). This Agreement shall lapse upon due execution of the Property Lease Contract. 

(Below left blank) 

  
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 (This page does not contain main text. This is the signature page to the Property Lease Cooperation Agreement
among Zhejiang Hailiang Education Group Ltd., Zhuji Private High School, Hailiang Group Co., Ltd. and Hailiang Feng) 
 Party A: Zhejiang Hailiang Education
Group Ltd. (Seal) Seal of Zhejiang Hailiang Education Group Ltd. Affixed 
 Party B: Zhuji Private High School (Seal) Seal of Zhuji Private High
School Affixed 
 Party C: Hailiang Group Co., Ltd. (Seal) Seal of Hailiang Group Co., Ltd. Affixed 

Party D: Hailiang Feng (Signature) /s/ Feng Hailiang 

November 13, 2014 

  
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