Golden Sun Education Group Limited to Resume In-person Tutorial Services in Shanghai
18 Agosto 2022 - 9:00AM
Golden Sun Education Group Limited (the “Company” or “Golden Sun”)
(Nasdaq: GSUN), a provider of tutorial services in China, today
announced that on August 9, 2022, following the ease of the control
and preventive measures associated with the Covid-19 pandemic in
Shanghai, the Company has applied to resume in-person tutorial
services with the Shanghai Municipal People's Government, and
expects to receive official approval by the end of August 2022.
Since March 12, 2022, pursuant to the preventive
measures, training institutions and childcare institutions in
Shanghai have not been allowed to carry out in-person training or
childcare services. To resume its in-person operations, the Company
is required to submit an application to the Shanghai Municipal
People's Government. Upon approval of the application, the Company
will be required to display a venue code to the public and all the
Company’s employees must have negative results of nucleic acid test
taken within 24 hours.
Mr. Xueyuan Weng, Chairman and Chief Executive
Officer of the Company, commented, “We are very excited about the
ease of the control and prevention measures in Shanghai as
businesses can now gradually return to normal. We are eager to
resume our in-person tutorial services to our students. As an
educational services provider, we believe our students will benefit
and cultivate their skills more effectively when they can interact
with tutors in-person. We are optimistic about the future of our
Company and expect to see strong growth momentum in our
business.”
About Golden Sun
Education Group Limited
Established in 1997 and headquartered in
Shanghai, China, Golden Sun Education Group Limited is a provider
of tutorial services in China with over twenty years of experience
providing educational services that focus on the development of
each of its student’s strengths and potential, and the promotion of
life-long skills and interests in learning. Golden Sun has three
tutorial centers, one educational company that partners with high
schools to offer language classes, and one logistics company that
provides logistic and consulting services. The tutorial centers of
Golden Sun focus on different groups of targeted students by
offering different tutorial programs. Golden Sun offers English,
Spanish, German, French and Japanese language courses to students
who intend to study abroad, individuals seeking jobs that require
certain proficiency in these languages, and companies or
organizations whose workers need to have certain proficiency in
these languages. For more information, visit the Company’s website
at ir.jtyjyjt.com.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including but not limited to, the
Company's proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “approximates,” “assesses,”
“believes,” “hopes,” “expects,” “anticipates,” “estimates,”
“projects,” “intends,” “plans,” “will,” “would,” “should,” “could,”
“may” or similar expressions. The Company undertakes no obligation
to update or revise publicly any forward-looking statements to
reflect subsequent occurring events or circumstances, or changes in
its expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and other filings with the SEC.
For more information, please
contact:
Golden Sun Education Group Limited
Investor Relations DepartmentEmail: ir@cngsun.com
Ascent Investors Relations LLCTina
XiaoPresidentPhone: +1 917-609-0333Email:
tina.xiao@ascent-ir.com
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