meten-holding-group-ltd.-to-launch-housekeeping-training-courses-in-september-2022

Meten Holding Group Ltd. to Launch Housekeeping Training Courses in September 2022

 

Meten Holding Group Ltd. (“Meten Holding Group” or the “Company”) (NASDAQ: METX), an omnichannel training company headquartered in China providing language and workplace training services and actively developing metaverse, blockchain and cryptocurrency mining businesses, today announced that the Company plans to launch housekeeping training courses (the “Courses”) in September 2022 to address the shortage of qualified personnel in the housekeeping service industry of China.

The Courses will be developed by professional teaching and research teams from universities in the Philippines and training institutions in Japan and well-known domestic teachers. The Courses will cover various subjects, such as career development, housekeeping, cooking, common diseases, dietary guidelines, professional storage training, and healthcare training. The Company will utilize an intelligent AI technology applied learning system to improve its closed-loop learning system. Unlike traditional courses, the learning system provides students an interactive learning experience to stimulate their interest in learning and enables the visualization of their learning outcomes.

In addition, the Courses are employment-oriented and designed to serve people who plan to become professional housekeepers of residential apartments, senior care institutions, hotels, and resorts. Through strategic cooperation with domestic housekeeping service providers, senior care companies, and top-tier hotels and resorts, the Company plans to provide employment opportunities for students with cooperative partners.

Mr. Alan Peng, Chief Executive Officer of Meten Holding Group commented: “Given the situation of the shortage of roughly 17 million workers in the housekeeping service industry in China, we have a high expectation for the Courses based on the market factors. First, the aging population and the low birth rate in China have led to the disappearance of the demographic dividend, and the situation of insufficient supply of labor in the housekeeping industry will remain the same. Second, we believe that AI and cutting-edge technology in the nursing industry has a broad space for development, leading to a significant increase in demand for knowledgeable and skilled housekeepers who can control and operate smart medical care facilities. Finally, enterprises have strict requirements for housekeeping employees’ credit ratings, and the standardization process of the system in the housekeeping industry is rapidly evolving. Looking forward, we will be continuing to make our own contribution to adult vocational education and build up the future of the housekeeping training industry with our school-enterprise partners and our shareholders together.”

meten-holding-group-ltd.-to-establish-joint-venture-with-industry-experts-to-create-a-cryptocurrency-mining-company

Meten Holding Group Ltd. to Establish Joint Venture with Industry Experts to Create a Cryptocurrency Mining Company

 

Meten Holding Group Ltd. (“Meten Holding Group” or the “Company”) (NASDAQ: METX), one of the leading omnichannel English language training (“ELT”) service providers in China, today announced that it had entered into an agreement (the “Agreement”) on December 20, 2021 with industry experts to establish a joint venture specializing in the research and development (“R&D”), production, and sales of cryptocurrency mining equipment.

The industry experts have extensive experience, diversified backgrounds, and proven track records in the cryptocurrency and blockchain industry. Mr. Zhijun Liu, Vice President of Hummingbird Mining Machine, is an expert in cryptocurrency mining and has rich resources and experience in the development and supply chain of cryptocurrency mining machines. Ms. Yunning Li, former Chief Marketing Officer of ChainPlus and Dragon Social in Hong Kong, has extensive practical experience in the blockchain industry and cross-border marketing and sales. Mr. Manning Liao, who graduated from the Chinese University of Hong Kong and previously worked for Dell and Hong Kong Satellite Television, has extensive experience in technology, knowledge and R&D of blockchain and cryptocurrency mining machines.

Pursuant to the Agreement, all parties agree to build a R&D team, establish an effective R&D mechanism, and intellectual property rights generated from the joint venture’s R&D activities or in reliance upon the joint venture’s resources and in connection with the joint venture’s business operations will belong to the joint venture. The Company agreed to invest US$3 million in the joint venture in exchange for 21% equity stake in the joint venture, entitling the Company to its pro rata share of the joint venture’s earnings and dividends, which, if there any to be distributed, will be paid on an annual basis. The Company will have the right to appoint the chairman to the joint venture’s board and take charge of the joint venture’s financial management. As part of the Agreement, after the formation of the joint venture, the Company is granted the right to purchase, under certain conditions and subject to the terms of the Agreement, all or part of the equity held by the  other members of the joint venture in in exchange for the Company’s stock.

Alan Peng, Chief Executive Officer of Meten Holding Group commented, “We are delighted with this joint venture that fits the strategy for our new blockchain and cryptocurrency business line. We believe that the cryptocurrency and blockchain industry expertise brought by Mr. Zhijun Liu, Ms. Yunning Li, and Mr. Manning Liao will be highly complementary to our new business. We believe this joint venture will enable the Company not only to have a complete R&D, manufacturing and sales capabilities of mining equipment, but also to consolidate and expand its foundation in the mining and blockchain industry. We intend to make significant investments in R&D, technology, and equipment through this joint venture. By the first quarter of next year, we expect to see initial results as result of the Company’s exploration of the metaverse business and we expect that our cryptocurrency and mining machine business will start generating revenue. Meanwhile, the Company is also actively preparing and promoting it new line of business in the metaverse related education fields. We expect the joint venture to add to the Company’s planned growth in new businesses such as metaverse, blockchain and cryptocurrency.”

meten-holding-group-to-report-third-quarter-fiscal-year-2021-financial-results-on-monday,-november-22,-2021

Meten Holding Group to Report Third Quarter Fiscal Year 2021 Financial Results on Monday, November 22, 2021

 

Meten Holding Group Ltd. (“Meten Holding Group” or the “Company”) (NASDAQ: METX), one of the leading omnichannel English language training (“ELT”) service providers in China, today announced that it will report its financial results for the third quarter of fiscal year 2021 on Monday, November 22, 2021, before the U.S. markets open. The Company’s management will host an earnings conference call at 8:00 am U.S. Eastern Time on November 22, 2021 (5:00 am Pacific Time/9:00 pm Beijing Time) to discuss the financial results. To attend this earnings conference call, please use the information below for dial-in access.

Dial-in details for the conference call are as follows:

Mainland China:

400 810 8228

Hong Kong:

+852 3005 1355

USA:

+1 646 254 3594

UK:

+44 20 7660 0166

Other countries:

+86 10 5808 4166

Participant PIN:

437174

Please dial in at least 15 minutes before the commencement of the call to ensure timely participation.

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