LISHUI, China, Feb. 4, 2021 /PRNewswire/ — Lixiang Instruction Holding Co., Ltd. (the “Company” or NASDAQ: LXEH), a prestigious non-public principal and secondary schooling company service provider in China, now announced that it has concluded the acquisition of 100% of equity curiosity in Hangzhou Youxi Data Technology Co., Ltd. (“Youxi Software”) for the format of on the internet training of the Corporation.
Youxi Software was started in 2018 and has produced 5 program with Computer system Application Copyright, which include amid others are living streaming supervision method, Android dwell streaming process, and Apple reside streaming program, and many others. The total consideration of the acquisition was RMB300,000 (roughly $46,500) in dollars.
“We are glad to announce the acquisition of Youxi Software package. Youxi Software’s experience in the discipline of are living streaming computer software will be a terrific preparing for the Company to develop online instruction for the up coming stage. For the duration of the epidemic time previous year, we ongoing to supply our classes to our pupils by way of on line procedures, and accomplished quite fantastic success. Soon after the acquisition of Youxi Software, we will be in a position to establish much more tailored software package and present greater on-line understanding encounter for our pupils. We will also even more examine the chance of producing our offline classes on the web to variety an unbiased brand of Lixiang on the internet schooling,” mentioned Mr. Biao Wei, CEO of the Company.
About Lixiang Schooling Keeping Co., Ltd.
Established in Lishui Metropolis, China, Lixiang Training Holding Co., Ltd. is a person of the top rated 10 private main and secondary education and learning institutions in Zhejiang Province. The Company’s instruction philosophy is to manual the balanced advancement of college students and to set up a good basis for their lifelong development and pleasure. For extra information, remember to go to: www.lixiangeh.com.
Protected Harbor Assertion
This push launch has statements that may perhaps constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements can be discovered by terminology these types of as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and very similar statements. The Enterprise could also make penned or oral ahead-looking statements in its periodic experiences to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in push releases and other created materials, and in oral statements manufactured by its officers, administrators, or employees to 3rd parties. Statements that are not historic specifics, together with statements about the Company’s beliefs, designs, and anticipations, are ahead-searching statements. Ahead-wanting statements involve inherent risks and uncertainties. A selection of components could bring about real outcomes to vary materially from these contained in any ahead-on the lookout statement, together with but not limited to the pursuing: the Company’s procedures, foreseeable future business enhancement, and money problem and benefits of functions the envisioned growth of the Chinese personal schooling sector Chinese governmental procedures relating to non-public educational services and vendors of this sort of expert services the Company’s capacity to keep and improve its model. Even more facts with regards to these and other hazards is incorporated in the Company’s filings with the SEC. All data supplied in this push release is as of the day of this press release, and the Enterprise does not undertake any obligation to update any ahead-on the lookout assertion, other than as expected beneath relevant legislation.
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