Citi Appointed Depositary Bank for Lixiang Education Holding Co., Ltd.’s Sponsored ADR Program

NEW YORK–(BUSINESS WIRE)–Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Lixiang Education Holding Co., Ltd. (“Lixiang Edu”), a leading private education service provider in Zhejiang Province, China, as the depositary bank for its American Depositary Receipt (ADR) program. Lixiang Edu’s program was established in connection with an approximately $30.8 million initial public offering of its ADRs, priced at $9.25 per ADR (or approximately $35.5 million, if the under