Meten Holding Group Ltd. provides updates on its Metaverse professional training courses

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Shenzhen, China, April 13, 2022 /PRNewswire/ — Meten Holding Group Ltd. (“Meten Holding Group” or the “Company”) (NASDAQ: METX), an omnichannel training company headquartered in China providing workplace and language training services, today provided updates on the Company’s metaverse professional training courses (the “Courses”).

As previously announced, in December 2021, Meten Holding Group has launched the trial of its metaverse professional training courses, which cover various topics, such as video post-production, game rendering, architectural visualization, interior design, UI/UX design and Building Information Modeling (“BIM”) application. Amid the resurgence of the COVID-19 pandemic in early 2022 in Chinathe Company achieved gross invoicing of 10 million RMB (approximately $1.57 million) of Courses in the first quarter of 2022, and anticipates potential for growth in the near future, as Courses have launched in a limited number of cities, including Shenzhen, Cantonand Nankeen.

The courses are customized for people with no knowledge of visual design who want to start their career in this field and visual design professionals looking for advanced training. The company is committed to helping students from different backgrounds meet their individual learning needs and master professional skills to achieve industry standards with unique creativities.

Mr. Alan PengChairman and CEO of Meten Holding Group, said, “We are delighted to make significant progress in launching the metaverse professional training courses in the face of a difficult environment. With the rapid development of vocational training and the growing demand for talent, we believe that vocational education is an integral part of the education industry and wants to help more students achieve their career goals. We will continue to launch the courses in the major cities of China, once the number of COVID-19 cases drops sufficiently. We expect to achieve gross billings of 50 million RMB (approximately US$7.86 million) Courses during the year 2022, with the aim of cultivating 2000 talents in visual design.”

About Meten Holding Group Ltd.

Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is an omnichannel education company headquartered in China offering language and workplace training services. In addition to its training services, Meten Holding Group is actively developing metaverse, blockchain and cryptocurrency mining businesses to align with its future business development strategy. Meten Holding Group engages in blockchain-related business in North America and South East Asia (excluding China), including cryptocurrency mining, construction of mining farms, and operation of mining pools and data centers. Meten Holding Group actively explores metaverse business such as Metaverse professional training courses with its competitive advantages and technology.

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 future development and ability of the Company 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
Tina Xiao
+1 917-609-0333
[email protected]

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SOURCEMeten Holding Group Ltd.

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