ATA Creativity Global Announces Opening of Shuren-ACG Arts Center
January 19 2022 - 8:30AM
ATA Creativity Global ("ACG" or the "Company", Nasdaq:
AACG), an international educational services company
focused on providing quality learning experiences that cultivate
and enhance students’ creativity, today announced the opening of
its Shuren-ACG Arts Center (the “Arts Center”), which was jointly
founded by ACG and Beijing Shuren-Ribet Private School (“Shuren
Ribet”). The Arts Center officially opened its doors in September
2021.
The Shuren-ACG Arts Center provides course
offerings in domestic high school academic subjects and creative
arts, which are delivered by veteran teachers specializing in the
particular academic subject areas and art teachers experienced with
domestic art examinations and portfolio training programs. Courses
provided at the Arts Center include core art skills courses,
international art creativity courses, art history lessons, and
artist and artistic schools’ appreciation, among others. The Arts
Center offers customized curriculums for students that enable them
to meet the necessary academic and extracurricular requirements for
applying to the top art institutions in China, including The
Academy of Arts & Design of Tsinghua University, Central
Academy of Fine Arts and other prestigious art schools that
organize their own college entrance arts exams. Students may also
opt to apply to top art universities in Europe.
The Arts Center’s offerings serve as a bridge
for those families whose children are not eligible to attend public
high school in Beijing but are interested in pursuing a creative
arts education. According to the seventh nationwide population
census report in 2021, there are approximately 8 million
non-Beijing hukou (household origin) residents living in
Beijing.
The Arts Center has designed a Sino-German
dual-track art curriculum, which would enable students enrolled in
this study track to receive 2½ years of high school education at
the Arts Center in Beijing and then have the opportunity to study
abroad in Germany for an additional 1½ years. Alternatively,
students may opt to receive 3 years of high school education at the
Arts Center in Beijing, and then study abroad in Germany for an
additional year. After students complete these courses, the Arts
Center will assist eligible students through the application
process for public and private arts colleges in Germany.
Management
CommentaryMr. Kevin Ma, Chairman and CEO of ACG,
stated, “We are excited to have opened the Shuren-ACG Arts Center,
which we believe provides a flexible option for the underserved
population of non-Beijing hukou resident students to receive a high
school education in Beijing. ACG is pleased to be working closely
with a leading education provider Shuren Ribet Private School, on
providing a unique educational experience for our students. The
Sino-German dual-track art curriculum is an educational model that
we believe can serve as a reference for developing additional
curricula for students who may wish to pursue overseas art studies
in other countries, providing students with more language and
cultural study options. In establishing the Arts Center, ACG aims
to combine its years of experience and resources in international
art education development and delivery with Shuren Ribet’s
well-established full-time academic curriculum and management
experience to create a viable and realistic path for students to be
eligible to apply for top-tier arts schools in China and
Germany.”
Mr. Ma continued, “ACG closely monitors
education policies and looks to find ways in which we may help to
provide valuable creative education experiences and encourage
students to nurture their creative talents. Thus far, we have
received positive feedback from both students and parents, and we
look forward to deepening our cooperation with Shuren Ribet in the
future, potentially introducing additional course offerings that
meet the needs of local students.”
About ATA Creativity Global
ATA Creativity Global is an international
educational services company focused on providing quality learning
experiences that cultivate and enhance students’ creativity. ATA
Creativity Global offers a wide range of education services
consisting primarily of portfolio training, research-based
learning, overseas study counselling and other educational services
through its training center network. For more information, please
visit ACG’s website at www.atai.net.cn.
About Beijing Shuren-Ribet Private
School Beijing Shuren-Ribet Private School was established
in 1993 and is one of the earliest private primary and secondary
schools in Beijing with a history of 29 years. The school is
located in Songzhuang Painter Village, Tongzhou District, the
center of Beijing's art and creative industries. It has a
garden-style campus covering an area of 57,000 square meters. On
December 25, 2020, in the "2020 China International School
Competitiveness Ranking" list released by Jinglingxin
International, the school won the national ranking of 299 in the
United States and 282 in the United Kingdom. For more information,
please visit: http://www.shuren.org/.
Cautionary Note Regarding Forward-looking
Statements
This announcement contains forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terms such as “believe,” “could,”
“expect,” “future,” “look forward to,” “plan,” “should,” “will,”
and similar terms. Examples of forward-looking statements in this
press release include statements about the anticipated benefits of
the opening of the Shuren-ACG Arts Center and launch of its
curriculum, ACG’s plan and efforts to transform itself into a
leading international education service provider, and ACG’s plans
for mergers and acquisitions. These forward-looking statements
involve known and unknown risks and uncertainties, are based on
current expectations, assumptions, estimates, and projections by
ACG, and are subject to governmental approvals and other
conditions. The Company undertakes no obligation to update
forward-looking statements, except as may be required by law. The
Company cannot assure you that its expectations and assumptions
will turn out to be correct, and investors are cautioned that
actual results may differ materially from the anticipated
results.
For more information on our company,
please contact the following individuals:
At the Company |
Investor Relations |
ATA Creativity Global |
The Equity Group Inc. |
Amy Tung, Chief Financial Officer |
Carolyne Y. Sohn, Vice President |
+86 10 6518 1133 x 5518 |
415-568-2255 |
amytung@acgedu.cn |
csohn@equityny.com |
|
|
|
Alice Zhang, Investor Relations Analyst
212-836-9610azhang@equityny.com |
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