RISE Education Responds to Media Reports
On July 23, 2021, Rise Education Cayman Ltd (NASDAQ: REDU) addressed media reports on potential regulations by PRC regulators regarding after-school tutoring services for subjects in China’s compulsory education. The company noted that these regulations have not been officially published and that it does not comment on market speculations. Established in 2007, RISE focuses on cognitive and aptitude training for young children, utilizing an Online-Merge-Offline (OMO) teaching approach. Their mission is to create a holistic education ecosystem that supports early child development.
- RISE has established a comprehensive education system since 2007.
- The Company operates under an integrated Online-Merge-Offline (OMO) teaching approach.
- RISE provides various brands targeting different facets of child development.
- Potential regulations from PRC may impact after-school tutoring services.
- Company has not received official notification regarding the regulations.
BEIJING, July 23, 2021 /PRNewswire/ -- Rise Education Cayman Ltd ("RISE" or "the Company") (NASDAQ: REDU), a leading education service provider that focuses on the development of cognitive and aptitude training for young children in China, today noted that certain English and Chinese language media outlets reported that the PRC regulators are considering a new set of regulations concerning after-school tutoring service related to school subjects taught in China's compulsory education system. The reported regulations have not been published, and the Company has not received official notification of the regulations. It is the Company's policy not to comment on market speculations.
About RISE
RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU) is a leading education service provider that focuses on the development of cognitive and aptitude training for young children facilitated by an integrated Online-Merge-Offline (OMO) teaching approach model. Since its establishment in 2007, RISE has focused on building a holistic education system that helps children develop well-rounded skills and cultivate their talents with vision, motivation and innovation.
The company's mission is to create an aptitude education ecosystem that specializes in early child development, cognitive thinking, and aptitude training. Through digital transformation and continuous upgrading of its business and operations, RISE consists of five brands – RISE English, an aptitude training brand for students above six years old; Hiyeah, a brand focusing on social interaction and emotional development of children between three to eight years old; WhySTEAM, a brand focusing on STEAM-oriented aptitude development for children under eight years old; RISE Study Tour, a brand for students' comprehensive practical aptitude development; and The Edge, a premium brand for academic tutoring, test preparation and admissions consulting services, please visit http://ir.risecenter.com/.
For investor and media inquiries, please contact:
Aaron Li
RISE Education
Email: riseir@rdchina.net
Tel: +86 (10) 8559-9191
View original content:https://www.prnewswire.com/news-releases/rise-education-responds-to-media-reports-301340326.html
SOURCE RISE Education Cayman Ltd
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