Tag Archives: EDU

PR Newswire

KIIT Dominates in World Ranking of Universities

Leave a comment

Achieves No. 1 Position in Odisha & Eastern India

BHUBANESWAR, India, Sept. 3, 2021 — In an impressive achievement, Kalinga Institute of Industrial Technology (KIIT) Deemed University, Bhubaneswar jumped up 200 positions globally to be placed in the cohort of 801 – 1000 in the prestigious Times Higher Education (THE) World University Rankings 2022, announced on 2nd September 2021. It is a significant improvement from last year when it had achieved a rank of 1001+. KIIT’s performance makes it the No. 1 ranked university in Odisha and Eastern India.

Campus 1
Campus 1

While KIIT, NIT Rourkela, Amrita Vishwa Vidyapeetham and Vellore Institute of Technology (VIT) share the same rank in this coveted and most-referred annual ranking of the global higher education institutions, IIT Bhubaneswar and Manipal Academy of Higher Education have been ranked 1000+. SRM Institute of Science and Technology has slipped to 1200+ rank, compared to its position last year. As a young university of only 17 years, KIIT’s performance is better than any other university in the country. It has also been achieving impressive positions in the rankings conducted by various Government bodies. 

Expressing happiness over the development, Prof. Achyuta Samanta, Founder, KIIT & KISS credited combined efforts by students and staff for the achievement. "KIIT’s performance in the rankings is significant as it is a multi-disciplinary university with as many as 28 faculties. Had it been an institution offering only Engineering courses, it would have achieved much higher ranking," he said. KIIT’s consistent outstanding performance in global and national rankings is only due to the vision of its Founder, said elated KIIT staff. 

The Times Higher Education (THE) World University Rankings is an annual publication of university rankings by Times Higher Education (THE). It is the only global university performance table to judge research-intensive universities across all of their core missions. Rankings parameters include teaching, research, citations, industry income, international outlook as well as number of students, number of students per staff, international students and male and female student ratio. The rankings are trusted by students, academics, university leaders, industry and governments all over the world. 

Media Contact:
Shradhanjali Nayak
shradhanjali@kiit.ac.in

Campus 2
Campus 2

 

PR Newswire

PolyU’s research finds contact tracing is an effective way for controlling the spread of COVID-19 when borders reopen

Leave a comment

HONG KONG, Sept. 1, 2021 — As some countries in the world begin to consider adjusting their pandemic control strategy from "zero COVID" to "living with COVID", a research study by the Department of Land Surveying and Geo-Informatics at The Hong Kong Polytechnic University (PolyU) has found that contact tracing is as vital as social distancing measures and vaccination in controlling the spread of COVID-19 when borders reopen. The research team has also developed a mobile app with a contact tracing feature, designed for use by inbound travellers, that would help fight the pandemic in this respect.

The pandemic situation in Hong Kong is presently under good control, thanks to the implementation of various measures, such as social distancing and vaccination, with strong support from the general public. In the past 14 days (17-30 August), only one local case with unknown sources was reported. 

Nevertheless, the economy is facing severe challenges as the economic activity of many industries has been seriously affected as passenger traffic, in terms of both arrivals and departures, remains low.

With COVID-19 vaccinations being widely implemented in many countries, against the backdrop of needing to revive cross-border activities, there is a growing prospect of easing social distancing regulations and reopening borders in different countries and regions. As a more sustainable control strategy for the long term, focus is shifting towards living with the virus.

Professor CHEN Wu, Head and Professor of the Department of Land Surveying and Geo-Informatics at PolyU, said, "We have conducted a study that employed a computational approach to investigate the contact tracing integrated policy in different border-reopening scenarios in Hong Kong. Built on an epidemic model with 50% vaccination coverage, the results suggest that scenarios with digital contact tracing can reduce the infectious population by 84.7% compared to those without contact tracing."

One of the key recommendations drawn from the study is that contact tracing is an effective measure for reducing local virus spread, especially when it is applied along with social distancing and vaccination measures. "Contact tracing is an influential factor in controlling the spread because all the necessary pandemic control measures would not be promptly carried out without effective tracing against confirmed cases and identifying their close contacts," Professor Chen explained.

Consequently, the research team has developed a mobile app with a contact tracing feature, targeting inbound travellers when borders reopen. Utilising the Global Navigation Satellite System, Bluetooth Low Energy and Data Analysis Technology, the mobile app is designed not only for users to record individual locations they have visited but more importantly to help users identify whether they have had close contact with those who have tested positive for COVID-19 within the last 14 days.

If any user is confirmed positive for COVID-19, they can share their record with all other users at their own discretion (or through a public health department that is acting as a central coordinator on the use of the mobile app). The app on other users’ handsets will then automatically compare the individual users’ record against the record received. If the record overlaps with that of the confirmed case, individual users will be immediately alerted to take appropriate actions.

All the information recorded by the mobile app is saved in the users’ own handsets only. No personal data is required when users download or use the app, and only anonymous data will be shared with other users. The app will also provide convenience for users to access the COVID-19 pandemic information released by the Government.

Professor Chen remarked, "Contact tracing is key to effectively controlling the spread of the virus when borders reopen and the mobile app we designed for use by inbound travellers would serve as a possible solution. Furthermore, the app can be adapted for incorporating into other apps as an add-on feature."   

Media Contact

Mr Kenrick Ko

Communications and Public Affairs Office

The Hong Kong Polytechnic University

Tel: (852) 2766 6374 / 6393 1317

Email: kenrick.ko@polyu.edu.hk
PR Newswire

LittleLives and Global Embassy Partner to Instill Digital Transformation in Schools

Leave a comment

HO CHI MINH CITY, Vietnam, Aug. 27, 2021 — LittleLives, a school management system based in Singapore continues to partner with various organisations around the world to provide value and services to its schools and stakeholders. A key enabler of these capabilities is a strategic partnership with Global Embassy, an organisation consisting of a network of education professionals to empower schools to engage with digital transformation, enhance the quality of education and improve the welfare of teachers, parents and students.

With the ongoing lockdowns in countries such as Malaysia and Vietnam, LittleLives has seen a tremendous growth in schools adopting new technologies to help with their operations in the new norm; from attendance taking at home to supporting online learning. With demands from parents to ensure undisrupted learning at home, LittleLives also provided various solutions and resources to enhance home-and-school relationships.

Sharing his vision for the partnership, Arjuna Raj, Chief Strategy Officer of LittleLives said, "We are excited to partner with Global Embassy to assist and digitally transform more schools in Vietnam, and continue to create meaningful partnerships with other companies."

This collaboration also marks a pioneering step in which LittleLives adapts its solutions such as facial recognition technology and multipurpose communications module to accommodate the unique needs and trends in Vietnam schools, but more importantly, creates a platform to further develop the early childhood education in Vietnam for the community to strive in a safe, responsive, resilient and nurturing environment.

As LittleLives continues to grow and produce valuable and cutting-edge technology for schools, it seeks like-minded companies and organisations to help change the way schools operate – to be more adaptable, efficient and effective – yet never neglecting the human touch in operational and administrative processes in schools.

LittleLives Media Contact
Bryan Koh
Partnerships
bryan@littlelives.com
+6010-2202655

About LittleLives
LittleLives is a school management software provider for over 1,400 preschools in 12 countries such as Singapore, Malaysia, Vietnam, China, Indonesia, Brunei, Dubai, Cambodia, Thailand and the Philippines. In 2021, LittleLives expanded its reach to the USA and Dubai, and partnered with DBS to launch a digital cashless payment solution to preschools. Today, we serve over 25,000 educators, 250,000 parents and 180,000 children. LittleLives is currently valued at USD$25 million and plans to increase valuation to USD$100mill by 2024. Learn more at www.littlelives.com.

Related Links :

http://www.littlelives.com

PR Newswire

Get Best Back-To-School Deals on Laptops and Monitors at GIGABYTE Beyond the Classroom Campaign

Leave a comment

TAIPEI, Aug. 26, 2021 — As summer vacation draws to a close for students, the back-to-school season is once again around the corner. Whether you are heading back to class in person or going for yet another semester of remote learning due to the pandemic, now is the best time to get great deals on PC hardware for the new school year. Portable, high-performance laptops with a long battery life are undoubtedly the best hardware for making learning as easy as possible. For those with desktop PCs, GIGABYTE also offers a wide range of displays for productivity and more beyond the classroom. Others could also take this opportunity to upgrade their hardware collection at favorable prices during this time of the year. Check out the following selection of GIGABYTE laptops and monitors:

Get Best Back-To-School Deals on Laptops and Monitors at GIGABYTE Beyond the Classroom Campaign
Get Best Back-To-School Deals on Laptops and Monitors at GIGABYTE Beyond the Classroom Campaign

For students constantly on the go, the award-winning, 15-inch AERO laptops are lightweight and easy to carry. At the same time, they offer eight hours of long-lasting battery life, suitable for taking out for a whole day of classwork. The factory-calibrated 4K OLED panel is made perfect for students with creative pursuits:

Looking to upgrade your current computer monitor to a vibrant gaming display? The AORUS gaming monitors deliver crisp colors and super smooth visuals in various sizes from 43′ to 25′. The built-in tactical game enhancements make games more fun and engaging, ideal for students who are passionate about gaming:

For students seeking a monitor to elevate their everyday computing experience, GIGABYTE M series monitors are your great all-around choice. The KVM function allows you to control multiple devices via one set of keyboard, display and mouse, so you can work smart and play smart:

GIGABYTE is offering great deals on a wide selection of back-to-school gear to prepare students academically and achieve more in life beyond the classroom. For more details, visit  https://www.aorus.com/en-us/back-to-school-2021

PR Newswire

Gaotu Techedu Inc. Provides Update on Regulatory Development

Leave a comment

BEIJING, Aug. 19, 2021 — Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a leading online large-class after-school tutoring service provider in China, announced that the Beijing Municipal Committee of the Communist Party of China and the Beijing Municipality Government jointly issued the "Beijing Municipality’s Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing" (the "Beijing Measures") on August 14, 2021, and published the full text of the Beijing Measures on August 18, 2021. The Beijing Measures were adopted to implement the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education, published in July 2021 by the General Office of the CPC Central Committee and the General Office of the State Council of the PRC, and aim to ensure that "the excessive burden upon students from school homework and after-school tutoring, the education expenditures from their families and the burden on their parents’ energy will be effectively reduced by the end of 2021, with significant impact achieved within two years."

With respect to after-school tutoring services, among other things, the Beijing Measures contain the following provisions:

  • Previously registered online providers of after-school tutoring services on academic subjects in China’s compulsory education system ("Academic AST") will be subject to review and re-registration, and the registration and ICP license of any unqualified online Academic AST providers will be rescinded.
  • After-school tutoring providers are strictly prohibited from providing Academic AST during any national holiday, weekend, winter and summer break period; Online Academic AST classes cannot be offered after 9:00 p.m. during weekdays.
  • Academic AST providers are prohibited from (i) offering classes over contents outside of or in advance of the school curriculum, (ii) offering classes based on any foreign curriculum, (iii) soliciting and recruiting school teachers by offering excessive compensation, or (iv) employing foreign personnel to carry out training activities from overseas.  Non-Academic AST providers are prohibited from offering Academic AST classes.
  • Prices for Academic AST will need to follow the guidelines from the government to prevent "any excessive charging or excessive profit-seeking activity."
  • Academic AST providers are prohibited from financing by way of listing its securities or conducting other capital market activities; listed companies may not invest in Academic AST providers through capital markets fundraising activities, and may not acquire assets of Academic AST providers by paying cash or issuing securities; foreign capital is prohibited from controlling or participating in Academic AST providers through mergers and acquisitions, entrusted operations, joining franchises, using variable interest entities or other structures.
  • Enhancing oversight of AST advertising, including restricting the channels for deploying AST advertisements.
  • Institutions providing after-school tutoring services on academic subjects in high schools (which do not fall within China’s compulsory education system) will be supervised in accordance with relevant national regulations and local regulations of Beijing.

The Company’s compliance with the Beijing Measures will have a material adverse impact on its business, results of operations and financial condition. Specifically, in compliance with the Beijing Measures, the Company has stopped and will stop offering online Academic AST classes over weekends, national holidays and school break periods.

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. The Company may also make written or oral forward-looking statements in its reports filed with, 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. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s reports filed with, or furnished to the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and Gaotu undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

About Gaotu Techedu Inc.

Gaotu is a technology-driven education company and online large-class after-school tutoring service provider in China. The Company offers foreign language, professional and admission courses, and also offers K-12 courses covering all primary and secondary grades through the brand Gaotu K12. Gaotu adopts an online live large-class format to deliver its courses, which the Company believes is the most effective and scalable model to disseminate scarce high-quality teaching resources to aspiring students in China. Big data analytics permeates each aspect of the Company’s business and facilitates the application of the latest technology to improve teaching delivery, student learning experience, and operational efficiency.

For further information, please contact:

Gaotu Techedu Inc.
Ms. Sandy Qin, CFA, CMA
E-mail: ir@gaotu.cn  

Christensen

In China
Ms. Vivian Wang
Phone: +852 2232 3978
E-mail: gotu@christensenir.com  

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com   

Related Links :

http://ir.gaotu.cn

PR Newswire

Under the Patronage of His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Abu Dhabi Early Childhood Authority’s WED Movement Engages Global Experts to Drive Innovation, Excellence in Early Childhood Development

Leave a comment

ABU DHABI, UAE, Aug. 17, 2021 — Abu Dhabi’s World Early Childhood Development Movement (WED Movement) has launched a new initiative bringing together global experts to develop innovative and actionable solutions advancing Abu Dhabi’s vision to be a leader in Early Childhood Development.

Cecilia Vaca Jones, Executive Director of the Bernard van Leer Foundation, and Chair of the BWG
Cecilia Vaca Jones, Executive Director of the Bernard van Leer Foundation, and Chair of the BWG

WED Movement was established earlier this year under the patronage of His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince Court and Chairman of the Abu Dhabi Early Childhood Authority (ECA). Under ECA, WED Movement is harnessing the expertise of a multidisciplinary group of 21 early child development experts representing a mix of academics, healthcare practitioners, policy influencers, children’s media and entertainment specialists, global business leaders and technical consultants. The experts come from several world-renowned institutions such as UNICEF, World Bank, UNESCO and Harvard University, as well as a number of global companies in technology and entertainment.

Participants are working in one of three Breakthrough Working Groups (BWGs), each focused on a unique and important aspect of how children’s mental, physical and cognitive abilities develop in the earliest years of life, from pregnancy to 8 years old. The BWGs are focused on Emotional Wellbeing & Social Interaction, Tech Humanity for Children, and 21st Century Lifestyle.

To date the BWGs have held nearly 100 strategic planning sessions and met with more than 65 parents, children, teachers and ECD experts in the UAE as part of their work towards creation of a series of innovative solutions that promote the holistic healthy development of Abu Dhabi’s young children. These solutions will also help parents and caregivers address some of the most common challenges faced during the earliest years of child growth and development. Outcomes from these sessions include policy recommendations, creation of specific programs and initiatives, development of products, as well as guidelines to address the identified issues.

Team members are coordinating directly with a range of government and social service entities, including Abu Dhabi Department of Community Development, Abu Dhabi Department of Health, Abu Dhabi Department of Education and Knowledge and Zayed Higher Organization for People of Determination. They also have commissioned independent research on such issues as child screen time, technology use in the home, play time and social interaction. 

WED Movement and the work of the BWGs reflects Abu Dhabi’s commitment to deliver on its vision to invest in breakthrough innovation in early childhood development with the goal of nurturing a generation of conscious youth who have the knowledge and skills to adapt to rapidly changing societal challenges and contribute to building a better society. The BWGs aim to play a significant role driving the level of innovation needed while helping establish Abu Dhabi as a global role model for and contributor to excellence in early childhood development. 

The BWGs work under the guidance of Cecilia Vaca Jones, Executive Director of the Bernard van Leer Foundation, and Chair of the BWG, alongside His Excellency Omar Saif Ghobash, Assistant Minister for Cultural Affairs at the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), and Co-Chair of the BWG.

Chair Cecilia Vaca-Jones said: "This Breakthrough Working Group approach enables us to tap into a global collection of world-class early childhood development experts with a single mission and focus: helping Abu Dhabi create the best possible environment to give our children the opportunity in life each and every one deserves. And these new programs, policies and initiatives that we pioneer here at home can become models for early childhood development that are adopted in nations around the world."

The BWGs are currently researching and assessing issues as well as exploring potential solutions related to the following themes:

  • Emotional Wellbeing and Social Interaction: Creating an ecosystem that can help reduce emotional strains on children, parents and caregivers while promoting continuous interactions with children that help them establish important social interaction skills at early ages.
  • Tech Humanity for Children: Looking at how to ensure that children are ready for the rapidly growing level of technology in their lives and are well aware of and protected from risks in order to best reap the many benefits these new technologies offer.
  • 21st Century Lifestyle: Fostering an Abu Dhabi-wide environment that promotes a better lifestyle at home, in school and across the community and facilitates positive physical and mental health of children.

Co-Chair H.E. Omar Saif Ghobash said: "These themes represent both challenges and opportunities for fostering early childhood development not only in Abu Dhabi but across the UAE and worldwide. Through this team of experts and the BWG approach, we will look to generate recommended programs, policies and initiatives that can have a positive impact across the early childhood development ecosystem on behalf of our children, including parents and caregivers, academia, government policymakers, social support groups and the private sector."

Dr. Nikki Martyn, Program Head of Early Childhood Studies at the University of Guelph-Humber and a member of the one of the BWGs said: "Being a part of WED Movement is a truly unique opportunity to take the learnings and experiences of early childhood development experts from around the world and develop initiatives and recommendations that can quickly be put in place to directly benefit the children of Abu Dhabi. Over the longer term, we hope to see the outcomes of WED Movement work benefitting children around the world."

 

Omar Saif Ghobash, Assistant Minister for Cultural Affairs at the UAE Ministry of Foreign Affairs and International Cooperation, and Co-Chair of the BWG
Omar Saif Ghobash, Assistant Minister for Cultural Affairs at the UAE Ministry of Foreign Affairs and International Cooperation, and Co-Chair of the BWG

 

PR Newswire

China Liberal Enters into Strategic Cooperation Agreement to Provide Smart Kindergarten Solutions

Leave a comment

The Company is exploring new market opportunity of information construction business in preschool education industry

BEIJING, Aug. 12, 2021 — China Liberal Education Holdings Limited (Nasdaq: CLEU) ("China Liberal", the "Company", or "we"), an educational services provider in China, providing, among other services, smart campus solutions, today announced that it entered into a strategic cooperation agreement (the "Agreement") with Boya Shoushan Kindergarten ("Boya"), a high-quality exemplary kindergarten in Cangshan District of Fuzhou City, on August 11, 2021. Pursuant to the Agreement, the Company agrees to provide Boya with comprehensive smart kindergarten solutions including data management and kindergarten facility reconstruction.

The Company’s smart kindergarten solutions include six major sections: kindergarten portal, attendance and temperature measurement management, faculty management, teaching management, kindergarten operation and home-school interaction. The Company utilizes advanced technology to build a unified platform to collect the underlying data of all aspects of the kindergarten management to gather integrated information on children’s attendance, class management, material use, fee collection and refund, faculty management, and kindergarten operations. The kindergarten uses the Company’s solutions to complete real-time data monitoring, information collection, intelligent analysis, and visual presentation to reduce management errors in the kindergarten.

Ms. Ngai Ngai Lam, Chairwoman and CEO of China Liberal, commented, "There is a huge addressable market in the preschool education industry. The relaxation of population policy and the rapid urbanization in China create a huge market demand for preschool education, but informatization in preschool education industry is still in its infancy. Therefore, the application of education informatization has great potential in the field of preschool education. Looking forward, we will further expand  preschool education business through building a smart system that integrates software, hardware, platforms and services, and continue to promote the innovation and transformation of the preschool education industry."

About China Liberal Education Holdings Limited

China Liberal, headquartered in Beijing, is an educational services provider in China. It provides a wide range of services, including those under Sino-foreign jointly managed academic programs; overseas study consulting services; technological consulting services for Chinese universities to improve their campus information and data management system and to optimize their teaching, operating and management environment, creating a "smart campus"; and tailored job readiness training to graduating students. For more information, visit the company’s website at ir.chinaliberal.com.

Forward-Looking Statements

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

Investor Relations Contact

China Liberal Education Holdings Limited
Email:ir@chinaliberal.com

Ascent Investor Relations LLC
Ms. Tina Xiao
Email:tina.xiao@ascent-ir.com 
Tel: +1 917 609 0333

PR Newswire

LAIX Inc. Announces Formation of Special Committee

Leave a comment

SHANGHAI, Aug. 6, 2021 — LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced that its board of directors (the "Board") has formed a special committee (the "Special Committee") consisting of two independent directors, Dr. Li-Lan Cheng, who will serve as the chairman of the Special Committee, and Ms. Min (Jenny) Zhang, to evaluate and consider the previously announced preliminary non-binding proposal letter dated August 4, 2021 (the "Proposal").

The Board cautions the Company’s shareholders and others considering trading the Company’s securities that no decisions have been made with respect to the Proposal. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other similar transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

About LAIX Inc.

LAIX Inc. ("LAIX" or the "Company") is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. Its proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX believes its innovative approach fundamentally transforms learning. LAIX provides its products and services on demand via its mobile apps, primarily its flagship "English Liulishuo" mobile app launched in 2013. On the Company’s platform, AI technologies are seamlessly integrated with diverse learning content incorporating well-established language learning pedagogies, gamified features and strong social elements to deliver an engaging, adaptive learning experience. LAIX provides a variety of courses inspired by a broad range of topics and culture themes to make English learning more interesting and is committed to offering a fun, interactive learning environment to motivate and engage its users.

For more information, please visit: http://ir.laix.com.

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," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue" or other similar expressions. LAIX may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about LAIX’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a variety of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LAIX’s goals and strategies; LAIX’s future business development, results of operations and financial condition; the expected growth of the education market; LAIX’s ability to monetize the user base; fluctuations in general economic and business conditions in China; the potential impact of the COVID-19 to LAIX’s business operations; PRC governmental policies, laws and regulations relating to the Company’s industry and the economy in China and elsewhere generally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the 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:

LAIX Inc.
Jiazhuo Zheng
Investor Relations
E-mail: ir@laix.com

The Piacente Group Investor Relations
Brandi Piacente
Tel: +1-212-481-2050
E-mail: liulishuo@tpg-ir.com

Emilie Wu
Tel: +86-21-6039-8363
E-mail: liulishuo@tpg-ir.com

Related Links :

http://www.liulishuo.com

PR Newswire

New Oriental Education & Technology Group Inc. Cancels Scheduled Earnings Release and Earnings Call

Leave a comment

BEIJING, July 31, 2021 — New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced that in light of the recent regulatory developments, it will cancel the earnings release for the fourth quarter of fiscal year 2021, as well as the corresponding earnings conference call and live webcast previously scheduled at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Tuesday, August 3, 2021. The Company will provide further updates at an appropriate time in the future.

About New Oriental

New Oriental is the largest provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental’s program, service and product offerings consist of K-12 after-school tutoring, test preparation, language training for adults, pre-school education, primary and secondary school education, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental’s ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:
Ms. Sisi Zhao
New Oriental Education & Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn

Ms. Rita Fong
FTI Consulting
Tel: +852 3768 4548
Email: rita.fong@fticonsulting.com

Related Links :

http://english.neworiental.org

PR Newswire

New Oriental Education & Technology Group Inc. Provides Update on New Regulations

Leave a comment

BEIJING, July 25, 2021 /PRNewswire-Asia/ — New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, announced that, on July 24, 2021, China’s official state media, including Xinhua News Agency and China Central Television, announced the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education (the "Opinion"), issued by the General Office of the CPC Central Committee and the General Office of the State Council.  The Opinion contains high-level policy directives about requirements and restrictions related to after-school tutoring services, including (i) institutions providing after-school tutoring services on academic subjects in China’s compulsory education system, or Academic AST Institutions, need to be registered as non-profit, no approval will be granted to new Academic AST Institutions, and an approval mechanism will be adopted for online Academic AST Institutions; (ii) foreign ownership in Academic AST Institutions is prohibited, including through contractual arrangements, and companies with existing foreign ownership need to rectify the situation; (iii) listed companies are prohibited from raising capital to invest in businesses that teach academic subjects in compulsory education; (iv) Academic AST Institutions are prohibited from providing tutoring services on academic subjects in compulsory education during public holidays, weekends and school breaks; and (v) Academic AST Institutions must follow the fee standards to be established by relevant authorities. The Opinion also provides that institutions providing after-school tutoring services on academic subjects in high schools (which do not fall within China’s compulsory education system) shall take into consideration the Opinion when conducting activities.

The Company will follow the spirit of the Opinion and comply with relevant rules and regulations when providing educational services. The Company is considering appropriate compliance measures to be taken, and expects such measures to have material adverse impact on its after-school tutoring services related to academic subjects in China’s compulsory education system.  The Company will proactively seek guidance from and cooperate with the government authorities in connection with its efforts to comply with the Opinion and any related rules and regulations.

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. New Oriental 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. Statements that are not historical facts, including statements about New Oriental’s beliefs and expectations, are forward-looking statements. 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 statement, including but not limited to the following: 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 "New Oriental" brand; 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 private education 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 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 Securities and Exchange Commission. New Oriental 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 New Oriental undertakes no duty to update such information, except as required under applicable law.

About New Oriental

New Oriental is the largest provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental’s program, service and product offerings consist of K-12 after-school tutoring, test preparation, language training for adults, pre-school education, primary and secondary school education, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental’s ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:

Ms. Sisi Zhao
New Oriental Education & Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn

Ms. Rita Fong / Ms. Charlotte Cheung
FTI Consulting
Tel: +852 3768 4548 / +852 3768 4732
Email: rita.fong@fticonsulting.com / charlotte.cheung@fticonsulting.com

Related Links :

http://english.neworiental.org