SHENZHEN, China, Aug. 5, 2021
/PRNewswire/ -- Meten EdtechX Education Group Ltd. (Nasdaq: METX)
("Meten EdtechX" or the "Company"), one of the leading
omnichannel English language training ("ELT") service providers in
China, today announced that the
Company plans to start providing online adult overseas higher
education services in the Fall of 2021. Enrollment for the Services
will first start in Beijing,
Guangzhou, Shenzhen, Chengdu, Chongqing, Foshan, Wuhan, and Nanjing, and will be expanded throughout
China in the Spring of 2022.
Providing online adult overseas higher education services is in
line with The Regulations on the Implementation of the Non-state
Education Promotion Law of the People's
Republic of China (the "Regulations"), which will come into
force on September 1, 2021. According
to the Regulations, China
encourages private schools to implement educational activities
online by leveraging Internet technology.
Online adult overseas higher education services will provide
flexible learning methods and learning-friendly curriculum designed
for people with a need for higher education degrees from overseas
institutions. Students can directly enroll in programs through
independent recruitment without China's Unified National Graduate Entrance
Examination, which save time for executives and entrepreneurs. A
variety of teaching functions will be available, such as online
live lectures, online recorded and broadcast lectures, live Q&A
classes, and offline lectures. In addition, our online adult
overseas higher education services will offer English-only courses,
Chinese and English bilingual courses, and Chinese-only courses,
which are all taught by well-known professors.
The Company is committed to distributing the world's best
educational resources to customers in need of an effective and
low-cost education through its platform. Our online adult overseas
higher education services will offer master's degrees in a variety
of disciplines from many universities in the United States, Switzerland, Italy, France, and Malaysia, among others. The Company currently
plans to launch master's programs in majors including business
administration, finance, hotel management, psychology, education,
computer science, artificial intelligence, and art.
About Meten EdtechX
Meten EdtechX is one of the leading ELT service providers in
China, delivering English language
and skills training for Chinese students and professionals. Through
a sophisticated digital platform and a nationwide network of
learning centers, the Company provides its services under three
industry-leading brands: Meten (adult and junior ELT services), ABC
(primarily junior ELT services) and Likeshuo (online ELT). The
Company offers superior teaching quality and student satisfaction,
served by cutting edge technology deployed across its business,
including AI-driven centralized teaching and management systems
that record and analyze learning processes in real time.
The Company is committed to improving the overall English
language competence of the Chinese population to keep abreast of
the rapid development of globalization. Its experienced management
is focused on further developing its digital platform and expanding
its network of learning centers to deliver a continually evolving
service offerings to a growing number of students across
China.
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 timely launch of ourponline adult
overseas higher education services, the impact of the COVID-19
outbreak, 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. Further information regarding these and other
risks is included in our annual report on Form 20-F and other
documents filed with the U.S. Securities and Exchange Commission.
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 EdtechX Education Group Ltd.