Benzinga | Jul 27, 2021 11:13AM EDT

Wah Fu Education Group Ltd. Clarifies That the New Regulations Related to Homework and Off-campus Training for Students in China Does Not Impact the Company

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 clarified that the new policy, Opinions on Further Reducing the Burden of Homework and Off-campus Training for Students in Compulsory Education ("Opinions"), issued by the General Office of the Chinese Communist Party and General Office of the State Council on July 24,2021, will not have a significant adverse effect on the operations or financials of the Company.