SHENZHEN, China, April 13,
2022 /PRNewswire/ -- Meten Holding Group Ltd.
("Meten Holding Group" or the "Company") (NASDAQ: METX), an
omnichannel training company headquartered in China providing language and workplace
training services, today provided updates on the Company's
metaverse vocational education courses (the "Courses").
As previously announced, in December
2021, Meten Holding Group launched the trial of its
metaverse vocational education courses, which cover various
subjects, such as video post-production, game rendering,
architectural visualization, interior design, UI/UX design, and
Building Information Modeling ("BIM") application. Amid the
resurgence of the COVID-19 pandemic early in 2022 in China, the Company achieved a gross billing of
RMB10 million (approximately
US$1.57 million) from the Courses in
the first quarter of 2022, and is anticipating growth potential in
the near future, as the Courses have been launched in a limited
number of cities, including Shenzhen, Guangzhou, and Nanjing.
The Courses are customized for both individuals with no
knowledge in visual design who wish to start their careers in this
field and visual designing professionals looking for advanced
training. The Company is committed to helping students with
different backgrounds meet their individual learning needs and
master professional skills to reach industry standards with unique
creativities.
Mr. Alan Peng, Chief Executive
Officer of Meten Holding Group, commented, "We are excited to
achieve significant progress in launching the metaverse vocational
education courses in the face of the challenging environment. With
the rapid development of vocational education and increasing demand
for talents, we believe vocational education is an integral part of
the education industry and wish to help more students achieve their
career goals. We will continue to launch the Courses in major
cities in China, once the number
of COVID-19 cases decline sufficiently. We expect to achieve a
gross billing of RMB50 million
(approximately US$7.86 million) from
the Courses in the full year 2022, with the goal of cultivating
2000 visual design talents."
About Meten Holding Group Ltd.
Meten Holding Group Ltd., formerly known as Meten EdtechX
Education Group Ltd., is an omnichannel training company
headquartered in China providing
language and workplace training services. In addition to its
training services, Meten Holding Group actively develops metaverse,
blockchain and cryptocurrency mining businesses to align with its
future business development strategy. Meten Holding Group engages
in blockchain related businesses in North America and
Southeast Asia
(excluding China), including cryptocurrency mining, mining
farm construction, and mining pool and data center operation. Meten
Holding Group actively explores metaverse business, such as
Metaverse vocational education courses, with its competitive
advantages and technology.
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 future development of and the
Company's ability to succeed in its new line of business in
cryptocurrency and the 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.