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

Rhea-AI Summary

China Liberal Education Holdings Limited (Nasdaq: CLEU) announced a strategic cooperation agreement with Boya Shoushan Kindergarten on August 11, 2021. This partnership aims to deliver comprehensive smart kindergarten solutions, including data management and facility reconstruction. The solutions encompass six critical areas, from attendance management to home-school interaction, leveraging technology to enhance operational efficiency. CEO Ngai Ngai Lam emphasized the significant market potential in China's preschool education sector due to urbanization and policy changes.

Positive

• Entered into a strategic cooperation agreement with Boya Shoushan Kindergarten.
• Development of comprehensive smart kindergarten solutions enhancing operational efficiency.
• Potential growth in the preschool education market due to urbanization and policy relaxation.

Negative

• None.

BEIJING, Aug. 12, 2021 /PRNewswire/ -- 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

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SOURCE China Liberal Education Holdings Limited

FAQ

What is the recent agreement announced by China Liberal Education Holdings Limited?

China Liberal announced a strategic cooperation agreement with Boya Shoushan Kindergarten to provide smart kindergarten solutions on August 11, 2021.

What services will China Liberal provide under the agreement with Boya Kindergarten?

China Liberal will provide comprehensive smart kindergarten solutions including data management and facility reconstruction.

How does the strategic agreement affect China's preschool education market?

The agreement is expected to tap into the growing demand for preschool education in China due to urbanization and policy changes.

What is the stock symbol for China Liberal Education Holdings Limited?

The stock symbol for China Liberal Education Holdings Limited is CLEU.

When was the agreement with Boya Shoushan Kindergarten announced?

The agreement was announced on August 11, 2021.