SHENZHEN, China,
March 2, 2022
/PRNewswire/ -- Meten Holding Group Ltd. ("Meten
Holding Group" or the "Company") (NASDAQ: METX), one of the leading
omnichannel English language training ("ELT") service providers in
China, today announced that it
plans to launch blockchain related ELT courses (the "Courses") in
early March 2022.
The Courses are designed by the English teaching experts
from the Company and blockchain experts Mr. Jianing Yu and Mr. Jun
Yang from Hainan HuoDa Education Technology Co., Ltd.
("HuoDa"), an advanced industry education institution focusing on
the application of blockchain. The Courses provide professional
English training to professionals in the blockchain industry.
Blockchain has emerged as the forefront of global technological
development. The major developed countries encourage the
development of blockchain technology with positive policy guidance
and industrial support to enhance their own competitiveness in
blockchain technology and industries. It is crucial for
practitioners in the blockchain industry to master English, given
that industry-related and market development information is majorly
provided in English.
According to projections of East Money Information Co., Ltd.
dated June 2021, a Chinese financial
and stock information website provider, China's blockchain market will continue to
grow rapidly, with an estimated compound annual growth rate of 73%
from 2021 to 2026, and a market size estimated to reach
$16.37 billion in 2026. In the next
two decades, the market size of China's blockchain industry is expected to
reach the trillion-dollar level.
Mr. Alan Peng, Chief Executive
Officer of Meten Holding Group commented: "We are excited to
introduce blockchain related ELT courses to the marketplace, which
we believe will help people in the blockchain industry with English
learning. With the fast development and expansion of the blockchain
industry in China and globally, we
intend to help more people tackle language challenges in this
industry. The Courses are also a part of the Company's business
strategy in developing blockchain and metaverse related education
in China and overseas."
About Hainan HuoDa Education Technology Co., Ltd.
Hainan HuoDa Education Technology Co., Ltd. is an industry
education institution focusing on the application of blockchain,
with the motto of "linking industries and empowering entities" and
aiming at cultivating the "blockchain thinking" of top
entrepreneurs. HuoDa focuses on teaching and research in the fields
of new applications of blockchain technology and is in a leading
position in the field of blockchain education.
About Meten Holding Group Ltd.
Meten Holding Group Ltd., formerly known as Meten EdtechX
Education Group Ltd., is one of the leading omnichannel ELT service
providers in China, delivering
English language and skills training for Chinese students and
professionals. In addition to strengthening its position in the ELT
service industry in China, Meten
actively explores the blockchain and cryptocurrency mining business
outside China, with a long-term
goal of creating value across the cryptocurrency industry. Meten
expects to engage in businesses related to blockchain and metaverse
in North America and other
countries and areas around the world (not including China), including cryptocurrency mining,
mining farm construction, and mining pool and data center
operation.
For more information, please
visit: https://investor.metenedu-edtechx.com/.
Safe Harbor Statement
This announcement contains forward-looking statements that
involve risks and uncertainties. These statements are made under
the "safe harbor" provisions of 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" 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 Company's to successfully launch its
launch blockchain related ELT courses; the future development of
and the Company's ability to succeed in its new line of business in
cryptocurrency and blockchain industry; the continuing impact of
the COVID-19 pandemic and the emergence of new variants; our
ability to attract students without a significant decrease in
course fees; our ability to continue to hire, train and retain
qualified teachers; our ability to maintain and enhance our brands;
our ability to effectively and efficiently manage the expansion of
our school network and successfully execute our growth strategy;
the outcome of ongoing, or any 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 language training and private education
market; Chinese governmental policies relating to private
educational services and providers of such services; health
epidemics and other outbreaks in China; and general economic
conditions in China. The Company does not undertake any obligation
to update any forward-looking statement, except as required under
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 undertakes no duty to update such information, except as
required under applicable law.
For investor and media inquiries, please contact:
Ascent Investor Relations LLC
Tina Xiao
+1 917-609-0333
tina.xiao@ascent-ir.com
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SOURCE Meten Holding Group Ltd.