Wah Fu Education Group Ltd. Announces Cooperation with Sichuan International Studies University and Dotease Information for Online Education Platform Development
July 11 2022 - 7:30AM
Wah Fu Education Group Limited (“Wah Fu” or the “Company”)
(NASDAQ:WAFU), a provider of online education and exam preparation
services, as well as related training materials and technology
solutions for both institutions and individuals, today announced
that it’s wholly-owned subsidiary, Beijing Huaxia Dadi Distance
Learning Services Co., Ltd., entered into a cooperation agreement
with Sichuan International Studies University (“SISU”) for the
development of Online and Continuing Education College’s Online
Course Platform. Additionally, the Company’s majority-owned
subsidiary, Huafu Wanrun (Guangzhou) Education Technology Co., Ltd,
also entered into a cooperation agreement with Dotease Information
Technology Co., Ltd. (“Dotease Information”) for the development of
the Vocational Skills Level Evaluation Examination Training and
Examination Platform. Pursuant to the two cooperation agreements,
the Company will be responsible for developing the online
platforms, providing online education information solutions, and
supporting with course resources, platform maintenance, technical
consulting and other required hardware and software for the
operations of the online platforms.
“We are excited about our cooperation with SISU and
Dotease Information for the development of online education
platforms. SISU is one of the full-time state-run foreign language
universities in China, and Dotease Information is one of the
leading IT operations and maintenance services providers for the
education industry,” commented by Mr. Yang Yu, Chairman of Wah Fu.
“We believe that with our vast experiences and technology resources
in developing online platforms, we could bring better user
experience and upgrade for online education while lowering the
operating costs and increasing competitiveness for our partners. We
are committed to providing advanced and customized information
solutions to meet the increasing demand of online teaching and
studies for both educators and students. Meanwhile, we will
continue to explore more cooperating opportunities with leading
universities and enterprises to further build up our reputation and
bring more values to our shareholders.”
About Wah Fu Education Group Limited
Headquartered in Beijing, China, Wah Fu Education
Group Limited provides online training and exam preparation
services, as well as related training materials and technology
solutions for both institutions, such as universities and training
institutions, and students. For more information about Wah Fu,
please visit www.edu-edu.cn.
About Sichuan International Studies
University
Sichuan International Studies University, founded
in 1950 and located in Chongqing, China, is one of the full-time
state-run foreign language universities in China. Carrying on the
founding spirit of "unity, diligence, rigorous attitude and
realistic approach" and abiding by the motto of "global vision,
academic excellence", the university distinguishes itself with an
international perspective, a focus on foreign language education,
and a commitment to diversifying disciplines. The university has
strategized pursuing qualitative development that prioritizes
academic excellence, and stresses international exchange and
balanced development of all disciplines. For more information,
please visit: http://en.sisu.edu.cn/
About Dotease Information Technology Co.,
Ltd.
Dotease Information Technology Co., Ltd. founded in
2004 and headquartered in Guangzhou China, is one of the leading IT
operations and maintenance services providers for the education
industry. It mainly engages in call center services, operation and
maintenance of network, data center, information and equipment. For
more information, please visit: http://www.dotease.cn/
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are not statements of historical facts. When the Company uses words
such as “may, “will, “intend,” “should,” “believe,” “expect,”
“anticipate,” “project,” “estimate” or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company’s expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company’s goals and strategies; the Company’s
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the online training industry in China and the other markets the
Company serves or plans to serve; reputation and brand; the impact
of competition and pricing; government regulations; fluctuations in
general economic and business conditions in China and the other
markets the Company serves or plans to serve and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the Securities and
Exchange Commission (the “SEC”). For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. Additional
factors are discussed in the Company’s filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly update these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
For more information, please contact:
Raincy Duir@edu-edu.com.cn
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