LISHUI, China, Feb. 4, 2021 /PRNewswire/ -- Lixiang Education
Holding Co., Ltd. (the "Company" or NASDAQ: LXEH), a prestigious
private primary and secondary education service provider in
China, today announced that it has
completed the acquisition of 100% of equity interest in Hangzhou
Youxi Information Technology Co., Ltd. ("Youxi Software") for the
layout of online education of the Company.
Youxi Software was founded in 2018 and has developed five
software with Computer Software Copyright, including among others
live streaming supervision system, Android live streaming system,
and Apple live streaming system, etc. The total consideration of
the acquisition was RMB300,000 (approximately $46,500) in cash.
"We are glad to announce the acquisition of Youxi Software.
Youxi Software's experience in the field of live streaming software
will be a great preparation for the Company to develop online
education for the next stage. During the epidemic time last year,
we continued to offer our courses to our students through online
methods, and achieved quite good results. After the acquisition of
Youxi Software, we will be able to develop more customized software
and provide better online learning experience for our students. We
will also further explore the possibility of making our offline
courses online to form an independent brand of Lixiang online
education," said Mr. Biao Wei, CEO
of the Company.
About Lixiang Education Holding Co., Ltd.
Founded in Lishui City, China,
Lixiang Education Holding Co., Ltd. is one of the top 10 private
primary and secondary education institutions in Zhejiang Province. The Company's education
philosophy is to guide the healthy development of students and to
establish a solid foundation for their lifelong advancement and
happiness. For more information, please visit:
www.lixiangeh.com.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials, and in oral statements made by its officers, directors,
or employees to third parties. Statements that are not historical
facts, including statements about the Company's beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: the Company's strategies, future business
development, and financial condition and results of operations; the
expected growth of the Chinese private education market; Chinese
governmental policies relating to private educational services and
providers of such services; the Company's ability to maintain and
enhance its brand. Further information regarding these and other
risks is included in the Company's filings with the SEC. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
For more information, please contact:
Siyi Ye
Tel: +86-578-2267142
Email: irlxeh@lsmxjy.com
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SOURCE Lixiang Education Holding Co., Ltd.