Shenzhen, china, 5 August, 2021 / PRNewswire / – Meten EdtechX Education Group Ltd. (Nasdaq: METX) (“Meten EdtechX” or the “Company”), a leading provider of omnichannel English training services (“ELT”) in China, today announced that the company plans to start providing online higher education services for adults overseas in the fall of 2021. Registration for the services will begin first in Beijing, Canton, Shenzhen, Chengdu, Chongqing, Foshan, Wuhan, and Nankeen, and will be extended throughout China in the spring of 2022.
The provision of online higher education services for adults abroad is in accordance with the Regulations on the Implementation of the Law on the Promotion of Non-State Education of the People’s Republic of China (the “Rules”), which will come into force on September 1, 2021. According to the Regulations, China encourages private schools to implement online educational activities by taking advantage of Internet technology.
Online higher education services for adults abroad will provide flexible learning methods and a user-friendly study program designed for people in need of higher education degrees from foreign institutions. Students can enroll directly in the programs through independent recruitment without from China Unified National Graduate Entrance Examination, which saves time for executives and entrepreneurs. A variety of teaching functions will be available, such as live online lectures, recorded and broadcast online lectures, live question-and-answer courses, and offline lectures. In addition, our online higher education services for adults abroad will offer English-only courses, Chinese and English bilingual courses, and Chinese-only courses, all of which are taught by renowned professors.
The Company is committed to distributing the world’s best educational resources to customers in need of effective, low-cost education through its platform. Our online higher education services for adults abroad will offer masters degrees in a variety of disciplines from many universities in United States, Swiss, Italy, France, and Malaysia, among others. The company is currently planning to launch master’s programs in areas such as business administration, finance, hotel management, psychology, education, IT, artificial intelligence, and art.
About Meten EdtechX
Meten EdtechX is one of the leading ELT service providers in China, providing English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (ELT services for adults and juniors), ABC (mainly ELT junior services) and Likeshuo (ELT online). The company delivers educational quality and graduate student satisfaction, served by cutting-edge technology deployed throughout its business, including centralized AI-based education and management systems that record and analyze business processes. real-time learning.
The Company is committed to improving the overall English skills of the Chinese people to keep abreast of the rapid development of globalization. Its experienced leadership is focused on developing its digital platform and expanding its network of learning centers to provide an ever-evolving service offering to a growing number of students across China.
For more information, please visit: https://investor.metenedu-edtechx.com.
Safe Harbor Declaration
This announcement contains forward-looking statements that involve risks and uncertainties. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” “,” The future “,” intentions “,” plans “,” believes “,” estimates “and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: the timely launch of our higher education services at the ‘foreigner for adults, the impact of the COVID-19 epidemic, our ability to attract students without significant reduction in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and improve our brands; our ability to effectively and efficiently manage the expansion of our school network and to successfully execute our growth strategy; the outcome of any pending or future litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the English language training sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese English training and private education market; Chinese government policies relating to private education services and providers of such services; health epidemics and other epidemics in China; and general economic conditions in China. Further information regarding these and other risks is included in our Annual Report on Form 20-F and other filings with the United States Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement, except as required by applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and the Company does not undertake to update such information, except as required by applicable law.
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SOURCE Meten EdtechX Education Group Ltd.