AMEX:AMBO

Innovative Education Solutions Leader Norm Allgood Joins Ambow Education to Head HybriU AI Education Technology Business

Retrieved on: 
Wednesday, March 6, 2024

CUPERTINO, Calif., March 6, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced the appointment of Norm Allgood as fractional Head of HybriU, effective immediately.

Key Points: 
  • CUPERTINO, Calif., March 6, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced the appointment of Norm Allgood as fractional Head of HybriU, effective immediately.
  • In this newly established position, Mr. Allgood will lead the dissemination and implementation of HybriU, Ambow's cutting-edge, AI-driven hybrid learning solution for education and workforce training.
  • Mr. Allgood holds over two decades of experience expanding educational access to quality, programs, launching technology platforms for the education industry, collaborating with higher education partners, strategic planning and operational optimization.
  • This shift requires a right-fit solution, and HybriU remains the only technology specifically designed to address this large untapped market."

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Retrieved on: 
Friday, February 16, 2024

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Key Points: 
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Ambow Education Announces Plan to Implement ADS Ratio Change

Retrieved on: 
Monday, January 29, 2024

CUPERTINO, Calif., Jan. 29, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced its plan to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares from one (1) ADS, representing two (2) Class A ordinary shares, to one (1) ADS representing twenty (20) Class A ordinary shares (the "ADS Ratio Change").

Key Points: 
  • CUPERTINO, Calif., Jan. 29, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced its plan to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares from one (1) ADS, representing two (2) Class A ordinary shares, to one (1) ADS representing twenty (20) Class A ordinary shares (the "ADS Ratio Change").
  • The ADS Ratio Change will have the same effect as a one-for-10 reverse ADS split for ADS holders.
  • The ADS Ratio Change will have no impact on the Company's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or canceled in connection with the ADS Ratio Change.
  • The Company can give no assurance that the ADS price after the ADS Ratio Change will be proportionally equal to or greater than the previous ADS price prior to the change.

Ambow Education Presents HybriU at CES 2024, the First AI-Driven Plug-and-Play Education Solution

Retrieved on: 
Thursday, January 11, 2024

CUPERTINO, Calif., Jan. 11, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), an AI technology-driven educational company, today announced the exhibition of its industry-leading AI digital education total solution, HybriU, at CES 2024 in Las Vegas from January 9-12 at booth #60467 in the Venetian Expo, Hall G, Eureka Park.

Key Points: 
  • CUPERTINO, Calif., Jan. 11, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), an AI technology-driven educational company, today announced the exhibition of its industry-leading AI digital education total solution, HybriU, at CES 2024 in Las Vegas from January 9-12 at booth #60467 in the Venetian Expo, Hall G, Eureka Park.
  • HybriU is the first AI-driven plug-and-play, total digital education solution designed to address the education industry's new learning paradigm of hybrid learning.
  • HybriU provides instant AI translation, simultaneous content creation and SaaS-based right-fit IT solutions.
  • Backed by patented OOOK technology, HybriU is ideally positioned to meet the rapidly growing global demand for higher education and workforce training.

Ambow Education Announces Second Quarter and First Half of 2023 Financial Results

Retrieved on: 
Tuesday, November 28, 2023

Net revenues for the second quarter of 2023 decreased by 46.0% to $2.7 million from $5.0 million for the same period of 2022.

Key Points: 
  • Net revenues for the second quarter of 2023 decreased by 46.0% to $2.7 million from $5.0 million for the same period of 2022.
  • Gross profit for the second quarter of 2023 decreased by 20.0% to $1.2 million from $1.5 million for the same period of 2022.
  • Operating expenses for the second quarter of 2023 decreased by 47.4% to $2.0 million from $3.8 million for the same period of 2022.
  • Operating loss for the second quarter of 2023 was $0.8 million, compared to an operating loss of $2.3 million for the same period of 2022.

Ambow Education Receives Notice of NYSE American Continued Listing Deficiency

Retrieved on: 
Tuesday, October 10, 2023

CUPERTINO, Calif., Oct. 10, 2023 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company with primary operations in the United States, today announced that it received a continued listing deficiency notice (the "Notice") from the NYSE American LLC (the "NYSE American") dated September 21, 2023, stating that the Company's securities had been selling for a low price per share for a substantial period of time and the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide ("Company Guide").

Key Points: 
  • CUPERTINO, Calif., Oct. 10, 2023 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company with primary operations in the United States, today announced that it received a continued listing deficiency notice (the "Notice") from the NYSE American LLC (the "NYSE American") dated September 21, 2023, stating that the Company's securities had been selling for a low price per share for a substantial period of time and the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide ("Company Guide").
  • The Notice has no immediate effect on the listing or trading of Ambow's securities.
  • NYSE American staff determined that Ambow's continued listing is predicated on it effecting a reverse stock split of its common stock or otherwise demonstrating sustained price improvement no later than March 21, 2024.
  • The Company intends to complete a reverse stock split in order to regain compliance with the NYSE American's continued listing standards set forth in the Company Guide in a timely manner.

Ambow Education Launches HybriU AI Digital Education Solution to Address the $198+ Billion Global Education Market

Retrieved on: 
Monday, July 24, 2023

Valued at $198.2 billion in 2022, the global online education market is projected to reach more than $600 billion by 2030, according to Vantage Market Research.

Key Points: 
  • Valued at $198.2 billion in 2022, the global online education market is projected to reach more than $600 billion by 2030, according to Vantage Market Research.
  • Despite the rapidly expanding market opportunity, the global online education market remains largely underserved.
  • Ambow's HybriU AI digital education solution marks the education industry's first-to-market hybrid online and offline learning platform engineered to meet the specific needs of colleges and universities around the world.
  • HybriU and the HybriU AI digital education solution is now available for use in a box-top set for instantaneous plug and play utilization, as well a subscription-based model.

Ambow Files its Annual Report on Form 20-F for Fiscal Year 2022

Retrieved on: 
Thursday, April 27, 2023

CUPERTINO, Calif., April 27, 2023 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), a technology-driven educational company with primary operations in the United States, today announced that is has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission (the "SEC").

Key Points: 
  • CUPERTINO, Calif., April 27, 2023 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), a technology-driven educational company with primary operations in the United States, today announced that is has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission (the "SEC").
  • The Annual Report on Form 20-F can be accessed on the SEC's website at http://www.sec.gov .
  • The Company will provide a hard copy of the Annual Report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
  • Requests should be directed to [email protected] , or the Company's Investor Relations at Ambow Education Holding Ltd., 19925 Stevens Creek Blvd, Cupertino, CA 95014, United Stated of America.

Ambow Education Announces Second Half and Full-Year 2022 Financial Results

Retrieved on: 
Thursday, April 27, 2023

CUPERTINO, Calif., April 27, 2023 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), a technology-driven educational company with primary operations in the United States, today announced its financial and operating results for the second half[1] and full fiscal year[2], ended December 31, 2022.

Key Points: 
  • CUPERTINO, Calif., April 27, 2023 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), a technology-driven educational company with primary operations in the United States, today announced its financial and operating results for the second half[1] and full fiscal year[2], ended December 31, 2022.
  • [1] Financial results for the second half of 2022 have not been audited or reviewed by the Company's independent registered accounting firm.
  • [2] Financial results for the full fiscal year ended December 31, 2022 have been audited by the Company's independent registered accounting firm.
  • During the second half of 2022, the Company transitioned its business to an exclusive focus on operations in the U.S., powered by its HybriU education technology platform.

Dr. Jin Huang Honored by CIO Views in "10 Most Innovative CEOs to Watch in 2023"

Retrieved on: 
Thursday, March 9, 2023

In her profile, Dr. Huang shares her vision for the future of education, in which there will be no boundaries between online/offline, academia/industry, languages, or regions.

Key Points: 
  • In her profile, Dr. Huang shares her vision for the future of education, in which there will be no boundaries between online/offline, academia/industry, languages, or regions.
  • For more than two decades, Dr. Huang has dedicated her career to making innovative educational technology available to build this vision out.
  • "I'm very honored that CIO Views has selected me among so many talented, creative CEOs, and I sincerely thank the magazine for their profile," said Dr. Huang.
  • The link to Dr. Huang's profile can be found here: Dr. Jin Huang: Transforming Lives through Enriched Education | CIO VIEWS .