Benzinga | Jul 1, 2021 09:22AM EDT

China Liberal Establishes Fujian China Liberal Education Technology Group Co. Subsidiary

China Liberal Education Holdings Limited (Nasdaq: CLEU) ("China Liberal", the "Company", or "we"), an educational services provider in China, providing, among other services, smart campus solutions, today announced that it has established a wholly-owned subsidiary, Fujian China Liberal Education Technology Group Co., Ltd. (the "Subsidiary"), to promote the integration of vocational education and enterprise development. The Subsidiary was listed as a key recommended project of Jin'an District, Fuzhou City in 2021.

The Company plans to establish a digital cultural tourism vocational education alliance with application oriented colleges, vocational colleges, industry associations, and hotels that specialize in tourism and hotel management. The Subsidiary will focus on training talents for the tourism industry, with specialties in hotel management and talent service, and establish a regional community of interests among schools and enterprises based on the principles of voluntariness, equality, reciprocity, and mutual benefit.

Ms. Ngai Ngai Lam, Chairwoman and CEO of China Liberal, commented, "This move is in line with our long term growth strategy and the government's guidelines for the development of vocational education. We expect to strengthen diversified cooperation with schools, enterprises, and industry associations, optimize resource allocation, share high-quality resources, complement other business partner's advantages, work together in production, teaching and research, so as to promote the integration of vocational education and enterprise development. Specifically, we plan to provide talent training to students, colleges, and enterprises, with professional discipline construction, teaching cooperation, talent training, innovation and entrepreneurship, as well as internship and employment."