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Deutsche Bank Appointed as Depositary Bank for the Sponsored Level III American Depositary Receipt Program of Puxin Limited

NEW YORK--(BUSINESS WIRE)--Puxin Limited (NYSE: NEW) is an after-school education service provider headquartered in Beijing. As of March 31, 2018, Puxin had a network of 397 learning centres across 35 cities in China, with over 8,000 employees. It offers K-12 and study-abroad tutoring programs not only in the classroom but also through online and mobile applications.*