BEIJING, Dec. 20,
2024 /PRNewswire/ -- China Liberal Education Holdings
Limited (Nasdaq: CLEU) ("China Liberal" or the "Company"), a
China-based company that provides
technological consulting services for smart campus solutions and
other educational services, today announced that the Company plans
to effect a share consolidation of fifteen (15) ordinary shares
with par value of $0.015 per share
each in the Company's issued and unissued share capital into one
(1) ordinary share with par value of US$0.225 (the "Share Consolidation"). As a result
of the Share Consolidation, each fifteen (15) pre-consolidation
ordinary shares outstanding will automatically combine and convert
into one issued and outstanding ordinary share without any action
on the part of the shareholders.
The Share Consolidation will be effective on December 24, 2024. Beginning with the opening of
trading on December 24, 2024, the
Company's ordinary shares will begin trading on a post-Share
Consolidation basis on the Nasdaq Capital Market under the same
symbol "CLEU" but under a new CUSIP number of G2161Y125. No
fractional shares will be issued in connection with the Share
Consolidation. All fractional shares will be rounded up to the
whole number of shares. Immediately following the Share
Consolidation, the authorized share capital of the Company will be
US$225,000,000 divided into
1,000,000,000 ordinary shares of US$0.225 par value each.
About China Liberal Education Holdings Limited
China Liberal is an educational services provider headquartered
in Beijing, China. China Liberal
provides a wide range of services, including technological
consulting for Chinese universities to improve their campus
information and data management systems, designed to enhance the
teaching, operating, and management environment of the
universities, thus establishing a "smart campus." Additionally,
China Liberal offers tailored job readiness training for graduating
students. For more information, please visit the Company's website
at http://ir.chinaliberal.com/.
Forward-Looking Statements
This document contains forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on the Company's expectations and
projections about future events, which the Company derives from the
information currently available to the Company. Such
forward-looking statements relate to future events or our future
performance, including: our financial performance and projections;
our growth in revenue and earnings; and our business prospects and
opportunities. You can identify forward-looking statements by those
that are not historical in nature, particularly those using
terminology such as "may," "should," "expects," "anticipates,"
"contemplates," "estimates," "believes," "plans," "projected,"
"predicts," "potential," or "hopes" or the negative of these or
similar terms. When evaluating these forward-looking statements,
you should consider various factors, including our ability to
change the direction of the Company; our ability to keep pace with
new technology and changing market needs; and the competitive
environment of our business. These and other factors may cause
actual results to differ materially from any forward-looking
statement. Forward-looking statements are only predictions. The
forward-looking events discussed in this press release and other
statements made from time to time by us or our representatives, may
not occur, and actual events and results may differ materially and
are subject to risks, uncertainties, and assumptions about us. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as required by law. Although
the Company believes that the expectations reflected in these
forward-looking statements are reasonable, it can provide no
assurance that these expectations will prove to be accurate, and it
cautions investors that actual results may differ materially from
the anticipated results. Investors are encouraged to review the
risk factors that may affect future results in the Company's most
recent annual report on Form 20-F for the year ended December 31, 2023 and in its other filings with
the SEC.
Investor Relations Contact
China Liberal Education Holdings Limited
Email:
ir@chinaliberal.com
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1 646-932-7242
Email: investors@ascent-ir.com
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SOURCE China Liberal Education Holdings Limited