New Frontier Corporation (the Company) announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to its proposed initial public offering of units. New Frontier Corporation is a special purpose acquisition company (SPAC) formed by New Frontier Public Holding Ltd., an affiliate of New Frontier Group, for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. New Frontier Group is a China- focused investment group that invests in, builds and operates diversified businesses in the Chinese new economy sectors.

The Company has applied for its units to be listed on the New York Stock Exchange in the United States. The Company expects to offer 20,000,000 units at a price of US$10.00 per unit to raise funds of $200 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. In addition, certain investors have agreed to provide US$181 million in the form of committed capital in a private placement to occur concurrently with the Company’s initial business combination.

The proposed initial public offering is made only by means of a prospectus. When available, copies of the preliminary prospectus may be obtained for free from the U.S. Securities and Exchange Commission website http://www.sec.gov; Credit Suisse (Address: Credit Suisse, Prospectus Department, One Madison Avenue, New York, NY 10010; Tel: (800) 221-1037; Email: newyork.prospectus@credit-suisse.com); UBS Securities LLC (Address: UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019; Tel: 888-827-7275; Email: ol-prospectusrequest@ubs.com).

Credit Suisse and UBS are serving as joint book runners for the proposed offering. The Company intends to use the total amount of funds raised in the initial public offering and private placement for an initial business combination with a target with operations or prospects in the healthcare, technology and education sectors in China.

The registration statement for these securities has been submitted to the U.S. Securities and Exchange Commission but has not yet been declared effective. These securities may not be sold or accepted until the registration statement is declared effective. This press release shall not constitute an offer to sale or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The securities to be sold in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act and applicable state securities laws.

About New Frontier Corporation:

New Frontier Corporation is a special purpose acquisition company formed by New Frontier Public Holding Ltd., an affiliate of New Frontier Group, for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination target in any business or industry, the Company intends to focus its search for a target with operations or prospects in the healthcare, technology or education sectors in China. New Frontier Group is a China-focused investment group that invests in, builds and operates diversified businesses in the Chinese new economy sectors.

Contacts:

Harry Chang, Vice-President of Corporate Development and Secretary, New Frontier Corporation (+ 852 9822 1806)
Shiming Li, Consultant, Linkforward PA Consulting Company (+852 9389 8961)