BEIJING, Dec. 16, 2021 /PRNewswire/ -- Ambow
Education Holding Ltd. ("Ambow" or the "Company") (NYSE American:
AMBO), a leading cross-border career educational and technology
service provider, today announced that Beijing Ambow Dacheng
Education and Technology Co., Ltd., a subsidiary of Ambow, has been
approved for its proposed projects submitted to the 2021 Education
Program for Connecting Talent Supply and Demand to Promote
Employment (the "Program"), as recently published by the
Department of College Students Affairs of the Ministry of Education
Based on the CPC Central Committee and State Council's
guidelines for maintaining employment stability, this Program aims
to achieve effective connections between talent supply and demand,
deepen university–industry integration and amplify
school-enterprise cooperation. As one of the first applicable
companies, Ambow will undertake the following projects: the
development of practice centers offering trainings and internships
for graduates, and the establishment of a human resources
improvement initiative to support fast-track recruitment
cooperation between enterprises and universities.
Dr. Jin Huang, President and
Chief Executive Officer of Ambow, commented, "Amid rapid technology
development and higher levels of specialization, the prerequisites
for quantity and quality of talent are rising across all
industries. Reflecting these transformational requirements, Ambow
has been actively assisting enterprises to facilitate the upgrading
of their talent. Since 2017, Ambow has obtained multiple approvals
for the MoE's Industry-University Cooperation and Collaborative
Education Project. Looking ahead, we will persist in leveraging our
advantages and resources accumulated over the past 20 years,
promoting the efficient connection between academia and business,
and fostering the balance in the supply and demand for talent."
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. is a leading cross-border
career educational and technology service provider,
offering high-quality, individualized services and products. With
its extensive network of regional service hubs complemented by a
dynamic proprietary learning platform and distributors, Ambow
provides its services and products to students
in China and United States of America.
Follow us on Twitter: @Ambow_Education
Safe Harbor Statement
This announcement contains forward-looking statements. 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. Among other things,
the outlook and quotations from management in this announcement, as
well as Ambow's strategic and operational plans, contain
forward-looking statements. Ambow may also make written or oral
forward-looking statements in its reports filed or furnished to the
U.S. Securities and Exchange Commission, in its annual reports to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Forward-looking statements involve inherent risks
and uncertainties. A number of factors could cause actual results
to differ materially from those contained in any forward-looking
statements, including but not limited to the following: the
Company's goals and strategies, expansion plans, the expected
growth of the content and application delivery services market, the
Company's expectations regarding keeping and strengthening its
relationships with its customers, and the general economic and
business conditions in the regions where the Company provides its
solutions and services. Further information regarding these and
other risks is included in the Company's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release is as of the date of this press release, and
Ambow undertakes no duty to update such information, except as
required under applicable law.
For investor and media inquiries please contact:
Ambow Education Holding Ltd.
Tel: +86 10-6206-8000
The Piacente Group | Investor Relations
Tel: +1 212-481-2050 or +86 10-6508-0677
SOURCE Ambow Education Holding Ltd.