BEIJING, April 23,
2023 /PRNewswire/ -- Gravitas Education
Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading
early childhood education service provider in China, announced today that it has appointed
Mr. Siyuan Wang as its chief
financial officer, effective April 23. Mr. Wang will succeed Mr. Hao
Gu, who has decided to resign from this position for personal
reasons. Mr. Gu's resignation does not involve any disagreement
with the Company with regard to its business, finance, accounting
or any other affairs.
Ms. Yanlai Shi, chief executive officer, co-founder and
executive director, said, "On behalf of the Board of Directors and
management team, I would like to thank Hao for his contributions
and tireless work at GEHI over the past four years, and wish him
all the best in his future endeavors. I would also like to warmly
welcome Siyuan to the Company. His extensive experience in finance
and accounting will make him a great addition to the GEHI
team."
Prior to joining GEHI, from 2018 to 2023, Mr. Wang served as
chief financial officer and financial controller at Ucommune
International Ltd. From 2021 to 2023, Mr. Wang also served as chief
financial officer of UK Wisdom Limited, which is sponsored by a
majority-owned subsidiary of Ucommune International Ltd. Prior to
that, Mr. Wang worked in the audit and assurance function of
Deloitte Touche Tohmatsu LLC in the
United States from 2012 to 2018. Mr. Wang received a master
degree in accounting from Michigan State
University and a bachelor degree in finance and accounting
from the University of Idaho. Mr. Wang
has been an American Institute of Certified Public Accountant
(AICPA) since September 2014.
About Gravitas Education Holdings, Inc.
Founded on the core values of "Care" and "Responsibility,"
"Inspire" and "Innovate," Gravitas Education Holdings, Inc.
(formerly known as RYB Education, Inc.) is a leading early
childhood education service provider in China. Since opening
its first play-and-learn center in 1998, the Company has grown and
flourished with the mission to provide high-quality, individualized
and age-appropriate care and education to nurture and inspire each
child for his or her betterment in life. During its two
decades of operating history, the Company has built itself into a
well-recognized education brand and helped bring about many new
educational practices in China's
early childhood education industry. GEHI's comprehensive
early childhood education solutions meet the needs of children from
infancy to 6 years old through structured courses at kindergartens
and play-and-learn centers, as well as at-home educational products
and services.
Safe Harbor Statement
This announcement contains forward-looking statements.
These statements are made under the "safe harbor" provisions of the
U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks
and uncertainties. A number of factors could cause actual
results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: the Company's brand recognition and market reputation;
student enrollment in the Company's teaching facilities; the
Company's growth strategies; its future business development,
results of operations and financial condition; trends and
competition in China's early childhood education market;
changes in its revenues and certain cost or expense items; the
expected growth of the Chinese early childhood education market;
Chinese governmental policies relating to the Company's industry
and general economic conditions in China. Further
information regarding these and other risks is included in the
Company's filings with the SEC. All information provided in
this press release and in the attachments is as of the date of this
press release, and the Company undertakes no obligation to update
any forward-looking statement, except as required under applicable
law.
CONTACT: Gravitas Education Holdings, Inc., Investor
Relations, E-mail: ir@geh.com.cn
View original
content:https://www.prnewswire.com/news-releases/gehi-appoints-new-chief-financial-officer-301804814.html
SOURCE Gravitas Education Holdings Inc.