BEIJING, Jan. 17,
2024 /PRNewswire/ -- China Liberal Education Holdings
Limited ("China Liberal" or the "Company") (NASDAQ: CLEU), a
China-based company that provides
smart campus solutions and other educational services, today
announced that the Company plans to effect a share consolidation of
fifteen (15) ordinary shares with par value of $0.001 per share each in the Company's issued and
unissued share capital into one (1) ordinary share with par value
of US$0.015 (the "Share
Consolidation"). As a result of the Share Consolidation, each
fifteen (15) pre-consolidation ordinary shares outstanding will
automatically combine and convert into one issued and outstanding
ordinary share without any action on the part of the
shareholders.
The Share Consolidation will be effective on January 19, 2024. Beginning with the opening of
trading on January 19, 2024, the
Company's ordinary shares will begin trading on a post-Share
Consolidation basis on the Nasdaq Capital Market under the same
symbol "CLEU" but under a new CUSIP number of G2161Y117. No
fractional shares will be issued in connection with the Share
Consolidation. All fractional shares will be rounded up to the
whole number of shares. Immediately following the Share
Consolidation, the authorized share capital of the Company will be
US$7,500,000 divided into 500,000,000
ordinary shares of US$0.015 par value
each.
About China Liberal Education Holdings Limited
China Liberal is an educational services provider headquartered
in Beijing, China. Currently,
China Liberal operates two colleges: Fuzhou Melbourne Polytechnic
and Strait College of Mingjiang University. It provides a wide
range of services, including overseas study consulting and
technological consulting for Chinese universities to improve their
campus information and data management systems. These services are
designed to enhance the teaching, operating, and management
environment of the universities, thus establishing a "smart
campus." Additionally, China Liberal offers tailored job readiness
training for graduating students. For more information, please
visit the Company's website at http://ir.chinaliberal.com/.
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
Investor Relations Contact
China Liberal Education Holdings Limited
Email: ir@chinaliberal.com
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1 646-932-7242
Email: investors@ascent-ir.com
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SOURCE China Liberal Education Holdings Limited