Wah Fu Education Group Ltd. Announces Cooperation with Sichuan International Studies University and Dotease Information for Online Education Platform Development

Rhea-AI Summary

Wah Fu Education Group Limited (NASDAQ: WAFU) announced cooperation agreements to develop online education platforms with Sichuan International Studies University and Dotease Information Technology. The agreements involve creating an Online Course Platform and a Vocational Skills Level Evaluation Examination Training and Examination Platform. The company will handle platform development, maintenance, and education solutions to enhance user experience while cutting operational costs. This collaboration aims to respond to the growing demand for online education and improve the company's standing in the educational technology sector.

Positive

• Secured cooperation agreements with reputable institutions (SISU and Dotease Information) for online education development.
• The agreements will allow Wah Fu to leverage its technology for enhanced user experience in online education.
• Expansion of service offerings aligns with the increasing demand for online education solutions.

Negative

• None.

BEIJING, China, July 11, 2022 (GLOBE NEWSWIRE) -- Wah Fu Education Group Limited (“Wah Fu” or the “Company”) (NASDAQ:WAFU), a provider of online education and exam preparation services, as well as related training materials and technology solutions for both institutions and individuals, today announced that it’s wholly-owned subsidiary, Beijing Huaxia Dadi Distance Learning Services Co., Ltd., entered into a cooperation agreement with Sichuan International Studies University (“SISU”) for the development of Online and Continuing Education College’s Online Course Platform. Additionally, the Company’s majority-owned subsidiary, Huafu Wanrun (Guangzhou) Education Technology Co., Ltd, also entered into a cooperation agreement with Dotease Information Technology Co., Ltd. (“Dotease Information”) for the development of the Vocational Skills Level Evaluation Examination Training and Examination Platform. Pursuant to the two cooperation agreements, the Company will be responsible for developing the online platforms, providing online education information solutions, and supporting with course resources, platform maintenance, technical consulting and other required hardware and software for the operations of the online platforms.

“We are excited about our cooperation with SISU and Dotease Information for the development of online education platforms. SISU is one of the full-time state-run foreign language universities in China, and Dotease Information is one of the leading IT operations and maintenance services providers for the education industry,” commented by Mr. Yang Yu, Chairman of Wah Fu. “We believe that with our vast experiences and technology resources in developing online platforms, we could bring better user experience and upgrade for online education while lowering the operating costs and increasing competitiveness for our partners. We are committed to providing advanced and customized information solutions to meet the increasing demand of online teaching and studies for both educators and students. Meanwhile, we will continue to explore more cooperating opportunities with leading universities and enterprises to further build up our reputation and bring more values to our shareholders.”

About Wah Fu Education Group Limited

Headquartered in Beijing, China, Wah Fu Education Group Limited provides online training and exam preparation services, as well as related training materials and technology solutions for both institutions, such as universities and training institutions, and students. For more information about Wah Fu, please visit www.edu-edu.cn.

About Sichuan International Studies University

Sichuan International Studies University, founded in 1950 and located in Chongqing, China, is one of the full-time state-run foreign language universities in China. Carrying on the founding spirit of "unity, diligence, rigorous attitude and realistic approach" and abiding by the motto of "global vision, academic excellence", the university distinguishes itself with an international perspective, a focus on foreign language education, and a commitment to diversifying disciplines. The university has strategized pursuing qualitative development that prioritizes academic excellence, and stresses international exchange and balanced development of all disciplines. For more information, please visit: http://en.sisu.edu.cn/

About Dotease Information Technology Co., Ltd.

Dotease Information Technology Co., Ltd. founded in 2004 and headquartered in Guangzhou China, is one of the leading IT operations and maintenance services providers for the education industry. It mainly engages in call center services, operation and maintenance of network, data center, information and equipment. For more information, please visit: http://www.dotease.cn/  

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are not statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the online training industry in China and the other markets the Company serves or plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the other markets the Company serves or plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the “SEC”).  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Raincy Du
ir@edu-edu.com.cn

FAQ

What are the new partnerships announced by Wah Fu Education Group?

Wah Fu announced partnerships with Sichuan International Studies University and Dotease Information Technology to develop online education platforms.

How does Wah Fu plan to improve online education?

Wah Fu aims to enhance online education by developing platforms that provide better user experience and operational cost efficiencies.

What is the significance of the cooperation with SISU for Wah Fu?

The cooperation with SISU allows Wah Fu to expand its offerings in online education, enhancing its reputation in the sector.

What is the main focus of Wah Fu's new agreements?

The main focus is the development of platforms for online courses and vocational skills evaluation training.

What is the stock symbol for Wah Fu Education Group?

The stock symbol for Wah Fu Education Group is WAFU.