CUPERTINO, Calif., April 25, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational company, today announced that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC").
Key Points:
- CUPERTINO, Calif., April 25, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational company, today announced that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC").
- The Annual Report on Form 20-F can be accessed on the Company's investor relations website at https://www.ambow.com and the SEC's website at http://www.sec.gov .
- Shareholders and ADS holders may request a hard copy of the Annual Report containing its audited consolidated financial statements, free of charge, at [email protected] or by mail at Ambow Education Holding Ltd., 19925 Stevens Creek Blvd, Cupertino, CA 95014, USA.
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Growth CUPERTINO, Calif., April 25, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced its financial and operating results for the second half[1] and 2023 full fiscal year,[2] ended December 31, 2023.
Key Points:
- CUPERTINO, Calif., April 25, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced its financial and operating results for the second half[1] and 2023 full fiscal year,[2] ended December 31, 2023.
- [1] Financial results for the second half of 2023 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, 2023 have been audited by the Company's independent registered accounting firm.
- On January 19, 2023, the New England Commission of Higher Education ("NECHE") informed BSC of its intention to withdraw BSC's accreditation.
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Wednesday, April 24, 2024
CUPERTINO, Calif., April 24, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced that it presented its innovative HybriU AI education technology and solutions at its open house event held last week at the NewSchool of Architecture & Design Campus in San Diego, California.
Key Points:
- CUPERTINO, Calif., April 24, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced that it presented its innovative HybriU AI education technology and solutions at its open house event held last week at the NewSchool of Architecture & Design Campus in San Diego, California.
- Education institutions, educators, investors and students who attended the event were able to view HybriU's compelling technology and total solution firsthand.
- HybriU is the first available total solution, integrating innovative AI, lecture capture, connectivity, immersive technologies, and a comprehensive management platform for educational purposes.
- This powerful integrated solution is designed to advance the future of education, break down educational barriers and empower educators and students worldwide.
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Wednesday, March 13, 2024
CUPERTINO, Calif., March 13, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced that it will host an open house at NewSchool of Architecture & Design Campus to showcase the Company's innovative HybriU AI education technology and solutions.
Key Points:
- CUPERTINO, Calif., March 13, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced that it will host an open house at NewSchool of Architecture & Design Campus to showcase the Company's innovative HybriU AI education technology and solutions.
- HybriU is redefining the teaching and learning experience by converting traditional classrooms into seamless hybrid learning environments.
- In-person and virtual attendance for the investor session is available by contacting [email protected] .
- Mr. Allgood will also be presenting HybriU at the ASU+GSV Air Show on Monday, April 15 from 11:40 a.m. – 12:20 p.m. PST at the San Diego Convention Center in San Diego, Calif.
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House,
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Toy Founded in 2010 through collaboration between Global Silicon Valley (GSV) and Arizona State University (ASU), the ASU+GSV Summit marks the premier global event for innovation in education.
Key Points:
- Founded in 2010 through collaboration between Global Silicon Valley (GSV) and Arizona State University (ASU), the ASU+GSV Summit marks the premier global event for innovation in education.
- The three-day session brings together higher education institutions, educators, learners and investors, covering topics including unlocking the transformative power of AI for education and the education industry's digital transformation.
- Ambow' 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.
- With instant AI translation, simultaneous content creation and SaaS-based right-fit IT solutions, HybriU is ideally positioned to meet the rapidly growing global demand for higher education and workforce training.
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Criminal justice 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."
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.
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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.
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Tuesday, November 28, 2023
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Renminbi 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.
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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.
