BEIJING, April 13, 2018 (GLOBE NEWSWIRE) -- RISE Education Cayman Ltd ("RISE" or the “Company”) (NASDAQ:REDU), a leading junior English Language Learning (“ELL”) provider in China, today announced that the Company has entered a strategic agreement (the “Agreement”) with SSAT China to become SSAT’s exclusive on-site learning institute in China.
As part of the Agreement, SSAT China will utilize its expertise to provide professional support to RISE education in the forms of faculty training, academic exchanges, and student counseling for the SSAT and studying abroad as well as exam facilities. RISE Education has also become the first on-site learning institute in China to receive the SSAT teacher training and certification.
Mr. Yiding Sun, Chief Executive Officer of RISE, stated, “We are pleased to work with SSAT China, as we both seek to cultivate critical thinking, leadership, and problem solving skills among our students. We believe that our education philosophy of embedding English learning in literacy, mathematics, and science is highly compatible with the SSAT’s approach of comprehensive skill assessments. In addition, by leveraging the teacher training expertise and experience that SSAT has accumulated in the past, our partnership will allow us to further elevate the teaching standard of our faculty members across our learning center network. Looking ahead, we believe our partnership will help us penetrate the junior ELL market in China more quickly and create new opportunities for us for years to come.”
Dr. Jinghua Liu, Chief Testing and Research Officer of the Enrollment Management Association, commented, “We are excited to have RISE education as our exclusive on-site learning institute in China. We have been experiencing robust demand for SSAT in China driven by parents’ rising desire to attain secondary school education for their children in the U.S. Our exclusive partnership with RISE will allow us to leverage RISE’s significant expertise and capacity in the local junior ELL market and popularize SSAT training among Chinese students. Working together, we should be able to effectively train, assess, and discover global-minded young talents and open up worldwide educational opportunities to them.”
About RISE Education
RISE Education Cayman Ltd is a leading junior English Language Learning (“ELL”) provider based in Beijing. Founded in 2007, the Company pioneered the application of the “subject-based learning” philosophy in China, which uses language arts, math, natural science, and social science to teach English in an immersive environment that helps students learn to speak and think like a native speaker. Through three flagship courses, Rise Start, Rise On, and Rise Up, the Company provides ELL to students aged three to six, seven to twelve and 13 to 18, respectively. The Company’s highly scalable business model includes both self-owned and franchised learning centers. For more information, please visit http://en.risecenter.com/.
Safe Harbor Statement
This press release contains statements of a forward-looking nature. These statements, including the statements relating to the Company’s future financial and operating results, are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. Among other things, management’s quotations and the Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about RISE and the industry. Potential risks and uncertainties include, but are not limited to, those relating to its ability to attract new students and retain existing students, its ability to maintain or enhance its brand, its ability to compete effectively against its competitors, its ability to execute its growth strategy, its ability to introduce new products or enhance existing products, its ability to obtain required licenses, permits, filings or registrations, its ability to grow or operate or effectively monitor its franchise business, quarterly variations in its operating results caused by factors beyond its control and macroeconomic conditions in China and their potential impact on the sales of insurance products. All information provided in this press release is as of the date hereof, and RISE undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although RISE believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by RISE is included in RISE’s filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1 filed in connection with its initial public offering.
Investor Relations Contact
Mei Li
RISE Education
Email: riseir@rdchina.net
Jack Wang
ICR, Inc.
Tel: (+1) 347-436-8371
Email: riseir@rdchina.net
Media Relations Contact
Edmond Lococo
ICR Inc.
Tel: +86 (10) 6583-7510
E-mail: Edmond.Lococo@icrinc.com