BEIJING, Sept. 13,
2022 /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
one of its wholly-owned subsidiaries in China won its bid for Guizhou University's integrated circuit
(IC) design and simulation platform project. The winning bid
totaled RMB26.98 million.
In order to implement national IC industry development
guidelines and accelerate the development of China's IC design technology and industry,
this innovative IC design and simulation platform project will aim
to serve China's major national
strategies and regional economic development. The project will
focus on expanding the frontiers of IC disciplines, breaking down
disciplinary barriers to strengthen cross-integration, pioneer core
technologies and cultivate urgently needed talents in China. In accordance with the guidelines of
"international vision, superior demonstration, collaborative
education, domestic chip design and production, and service to the
local community," the project will leverage talent training,
industrial services, innovation, entrepreneurship and scientific
research, and take full advantage of the integration of industry
and education to support and lead the rapid development of the IC
industry in the western region.
In recent years, Ambow has distinguished itself in bidding
projects by delivering high-quality services which are widely
well-perceived by users and customers. The Guizhou University project is Ambow's third
recent win of a university collaboration project. Ambow's previous
wins include two contracts for the project to upgrade Hulunbuir
College's intelligent classroom solutions and the procurement of a
new recording system for the Inner Mongolia University of Science
and Technology, Baotou Medical College.
Dr. Jin Huang, President and CEO
of Ambow, commented, "Our winning bids for multiple college
projects clearly demonstrate our solid foundation and comprehensive
strength in the educational services industry. Supported by a
wealth of experience accumulated in the career education business
over the past two decades, we will further expand our business
capabilities, develop advanced education technologies and share our
educational achievements. As always, we are committed to providing
schools, teachers and students nationwide with world-class
education resources and services."
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. is a leading national provider of
educational and career enhancement services in China, 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 15 out of the 34 provinces and autonomous regions
within China.
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
Email: ambow@tpg-ir.com
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SOURCE Ambow Education Holding Ltd.
