SHENZHEN, China, June 16,
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 and actively developing metaverse, blockchain and
cryptocurrency mining businesses, today announced that the Company
plans to launch housekeeping training courses (the "Courses") in
September 2022 to address the
shortage of qualified personnel in the housekeeping service
industry of China.
The Courses will be developed by professional teaching and
research teams from universities in the
Philippines and training institutions in Japan and well-known domestic teachers. The
Courses will cover various subjects, such as career development,
housekeeping, cooking, common diseases, dietary guidelines,
professional storage training, and healthcare training. The Company
will utilize an intelligent AI technology applied learning system
to improve its closed-loop learning system. Unlike traditional
courses, the learning system provides students an interactive
learning experience to stimulate their interest in learning and
enables the visualization of their learning outcomes.
In addition, the Courses are employment-oriented and designed to
serve people who plan to become professional housekeepers of
residential apartments, senior care institutions, hotels, and
resorts. Through strategic cooperation with domestic housekeeping
service providers, senior care companies, and top-tier hotels and
resorts, the Company plans to provide employment opportunities for
students with cooperative partners.
Mr. Alan Peng, Chief Executive
Officer of Meten Holding Group commented: "Given the situation of
the shortage of roughly 17 million workers in the housekeeping
service industry in China, we have
a high expectation for the Courses based on the market factors.
First, the aging population and the low birth rate in China have led to the disappearance of the
demographic dividend, and the situation of insufficient supply of
labor in the housekeeping industry will remain the same.
Second, we believe that AI and cutting-edge technology in the
nursing industry has a broad space for development, leading to a
significant increase in demand for knowledgeable and skilled
housekeepers who can control and operate smart medical care
facilities. Finally, enterprises have strict requirements for
housekeeping employees' credit ratings, and the standardization
process of the system in the housekeeping industry is rapidly
evolving. Looking forward, we will be continuing to make our own
contribution to adult vocational education and build up the future
of the housekeeping training industry with our school-enterprise
partners and our shareholders together."
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 is
committed to developing blockchain related businesses in
North America, 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 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.