Shenzhen, China, January 26, 2022 /PRNewswire/ — Meten Holding Group Ltd. (“Meten Holding Group” or the “Company”) (NASDAQ: METX), a leading provider of omnichannel English language training (“ELT”) services in Chinatoday announced that the Company has launched the trial of its Metaverse professional training courses (the “Courses”) in December 2021.
Courses cover a variety of topics such as video post-production, game rendering, architectural visualization, and interior design. The company offers the courses to recent school graduates with no knowledge of visual design but wishing to start their career in the visual design industry, as well as to professionals who need specific advanced training.
The courses are designed to meet the learning needs of students with different qualifications. In order to cultivate more professional talents in visual design, the Society intends to recruit a team of teachers with extensive teaching experience who will teach students according to their individual abilities and grades. The company also provides employment opportunities for students through its strategic talent cooperation with well-known enterprises in leading cities in Chinasuch as beijing, Shanghai, Cantonand Shenzhen. Students are allowed to sign employment contracts upon admission to courses and have the opportunity to work in well-known companies after graduation, which helps students achieve broad career development goals.
In December 2021the Company conducted a one-month trial of the Courses in Shenzhen and realized gross billings of 1.0 million RMB (about $0.16 million). In January 2022, the company has expanded the courses to all of its campuses. The company has completed the relevant staff trainings and is preparing to officially launch the courses.
Alan PengCEO of Meten Holding Group, said, “We are delighted with the launch of the courses, through which we hope to solve the problem of talent shortage in the metaverse and blockchain industry, especially the shortage of infrastructure personnel. of the metaverse, which was an issue we identified. in the business promotion process. The launch of the courses allows us to use our resources, knowledge and experience to cultivate talents for the Metaverse and blockchain track and make our contribution to Metaverse professional education. The company plans to train at least 3,000 visual design professionals and generate gross billings of 60.0 million RMB (about $9.48 million) in 2022. We look forward to working with our school-business partners to jointly build the future of the Metaverse education industry.
About Meten Holding Group Ltd.
Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is a leading omnichannel ELT service provider in China, providing English and skills training for Chinese students and professionals. In addition to strengthening its position in the ELT service industry by ChinaMeten is actively exploring blockchain and cryptocurrency mining activity outside of China, with a long-term goal of creating value in the cryptocurrency industry. Meten plans to engage in blockchain and metaverse-related activities in North America and other countries and regions around the world (not including China), including mining cryptocurrency, building mining farms, and operating a mining pool and data center.
For more information, please visit: https://investor.metenedu-edtechx.com/.
Safe Harbor Statement
This announcement contains forward-looking statements that involve risks and uncertainties. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” , “future”, “intends”, “plans”, “believes”, “estimates” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. 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 future development and ability to succeed in its new line of business in the cryptocurrency and blockchain industry; the continued impact of the COVID-19 pandemic and the emergence of new variants; our ability to attract students without significantly lowering tuition fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and improve our brands; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of any pending or future litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the English language training industry in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese English training and private education market; Chinese government policies relating to private educational services and providers of such services; health epidemics and other epidemics in China; and general economic conditions in China. The Company undertakes no obligation to update any forward-looking statement, except as required by applicable law. All information provided in this press release and in the attachments speaks as of the date of this press release, and the Company assumes no obligation to update such information except as required by applicable law.
For investor and media inquiries, please contact:
Ascent Investor Relations LLC
SOURCEMeten Holding Group Ltd.