Benzinga | Jul 29, 2021 08:35AM EDT

UPDATE: Ambow Education, On China's New Set Of Guidelines, Says Co Does Not Expect Its Operations To Be Materially Affected

Ambow Education Holding Ltd. ("Ambow" or "the Company") (NYSE:AMBO), a leading cross-border career educational and technology service provider, today announced it noted that the General Office of the Communist Party of China Central Committee and the General Office of the State Council jointly issued a set of guidelines on July 24, 2021, aiming to ease the burden of excessive homework and after-school tutoring for students receiving compulsory education (the "Guidelines").

The Company does not expect its operations to be materially affected by the Guidelines. The Company's main business focus remains on technology driven educational and career enhancement services and patented technology products. The Company will continue to comply with all laws and regulations in providing educational services in respective countries, deliver high-quality, innovative products and services for students in their pursuit of lifelong learning success.