Ambow among first companies approved for Ministry of Education’s 2021 education program to connect talent supply and demand to promote employment

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BEIJING, December 16, 2021 / PRNewswire / – Ambow Education Holding Ltd. (“Ambow” or the “Company”) (NYSE American: AMBO), a leading cross-border provider of education and technology services, today announced that Beijing Ambow Dacheng Education and Technology Co., Ltd., a subsidiary of Ambow, has been approved for its project proposals submitted to the 2021 Education Program to Connect the Supply and Demand of Talent to Promote Employment (the “Program”), as recently published by the Department of Business students of the College of the Ministry of Education (MdE).

Based on the directives of the CPC Central Committee and the State Council for maintaining employment stability, this program aims to establish effective links between the supply and demand of talent, to deepen university integration -industry and amplify school-business cooperation. As one of the first applicable companies, Ambow will undertake the following projects: the development of practice centers offering training and internships for graduates, and the establishment of a human resources improvement initiative to support accelerated recruitment cooperation between companies and universities.

Dr. Jin huang, President and CEO of Ambow, commented: “In a context of rapid technological development and higher levels of specialization, the prerequisites for the quantity and quality of talent are increasing in all industries. Reflecting these transformational demands, Ambow has actively helped companies make it easier to upgrade their talents. Since 2017, Ambow has obtained several approvals for the Ministry of Education’s Industry-University Cooperation and Collaborative Education Project. Going forward, we will continue to leverage our advantages and resources accumulated over the past 20 years, promoting the effective connection between academia and business, and fostering the balance between supply and demand for talent. “

About Ambow Education Holding Ltd.

Ambow Education Holding Ltd. is one of the leading cross-border providers of education and technology services, offering high quality personalized services and products. With its extensive network of regional service centers complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in China and the United States of America.

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Safe Harbor Declaration

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” “,” The future “,” intentions “,” plans “,” belief “,” estimates “and similar statements. Among other things, the outlook and management quotes 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 provided to the United States Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials, and in oral statements made by Ambow. 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 forward-looking statements, including, but not limited to, the following: Company objectives and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company’s expectations regarding the maintenance and strengthening of 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 documents filed by the Company with the United States Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Ambow does not undertake to update such information, except as required by applicable law.

For investor and media inquiries, please contact:

Ambow Education Holding Ltd.
Phone. : +86 10-6206-8000

The Piacente Group | Investor Relations
Phone. : +1 212-481-2050 or +86 10-6508-0677
E-mail: [email protected]

SOURCE Ambow Education Holding Ltd.

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