ONLINE EDUCATION

2U, Inc. and edX to Join Industry-Redefining Combination

edX | July 01, 2021

2U, Inc., a global leader in education technology, and edX, a leading online learning platform, and education marketplace, announced today that they have entered into a definitive agreement to form an industry-redefining partnership that will help power the digital transformation of higher education to expand access and affordability, and usher in a new era of online learning.

2U will pay $800 million in cash to buy almost all of edX's assets. 2U and edX plan to reach over 50 million learners worldwide, serve over 230 partners, and provide over 3,500 digital programs on the world's most comprehensive free-to-degree online education marketplace.

Proceeds from the transaction will go to a nonprofit dedicated to reimagining the future of learning for people of all ages, addressing educational inequalities, and advancing next-generation learning experiences and platforms under the leadership of Harvard and MIT. In addition, this group will create methods and collaborations to help narrow the learning gap, drawing on insights acquired at Harvard, MIT, and other universities.

The acquisition will combine the distinct strengths and complementary skills of two leading players in online education. 2U is the preferred digital transformation partner for more than 80 of the world's leading universities, and the company expects to reach $1 billion in annual revenue by the end of 2021, while edX has built one of the world's strongest online education brands and largest global communities of learners. Over the last decade, 2U and edX have established mission-driven organizations based on the idea that online education and greater access to the world's finest nonprofit universities can transform lives and affect future generations. The combined scale, reach, capabilities, marketing efficiency, and relationships of 2U and edX will open up new possibilities to reach and serve more learners, universities, and businesses across the globe.

To maintain and promote the edX purpose, 2U intends to run edX as a public benefit entity, a kind of purpose-driven organization that balances the interests of shareholders with those of other stakeholders. 2U has committed to continuing to fulfill the edX mission by, among other things, ensuring affordability through the continuation of a free track to audit courses; protecting the intellectual property rights of faculty and universities that contribute massive open online courses, and ensuring that participating colleges and universities can continue to participate under their existing agreements with edX.

About 2U, Inc.

Removing the back row in higher education is more than a metaphor for our goal. 2U, Inc. is a global leader in education technology and has been a valued partner and brand steward of great universities for more than a decade. More than 500 educational programs, including undergraduate and graduate degrees, professional certifications, boot camps, and GetSmarter short courses, are designed, delivered, and supported by us. 2U, in collaboration with our partners, has positively impacted the lives of over 300,000 students and lifelong learners. Visit 2U.com for additional information. #NoBackRow

About edX

edX is the education movement for students. We've brought together over 39 million students, the majority of the world's top-ranked universities, and industry-leading companies on one online learning platform that supports learners at every level, in collaboration with our founding partners Harvard and MIT. And we're not stopping there; we're constantly pursuing our goal of a world where every learner has access to education to live a fulfilling life, regardless of cost or location.

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EDUCATION TECHNOLOGY

Elizabethtown College Exceeds Make A Deposit, Make A Difference Campaign to Provide Donations to Local Non-Profits

Elizabethtown College | March 17, 2022

Elizabethtown College has exceeded its Make A Deposit, Make A Difference campaign for the third consecutive year by reaching and surpassing its goal of 50 enrollment deposits made by accepted students over the last month. The College held its first two on-campus Accepted Student Days on February 12 and March 12 and committed to matching up to $15,000 in deposits made during that time period to donate the funds to three local community service organizations. "We are excited to welcome our new students who made the decision to become a Blue Jay and thrilled to have had them help us surpass our campaign goal to provide donations to worthy organizations, Our Make A Deposit, Make A Difference campaign resonates with our students and truly embodies the service-minded community they will join at Elizabethtown College." -Elizabethtown College Vice President for Enrollment Management John F. Champoli The College recently nearly doubled its goal, receiving 91 student deposits throughout the campaign. As a result of the campaign's success, $5,000 was presented to representatives respectively from Milagro House and Water Street Mission located in Lancaster, and Downtown Daily Bread located in Harrisburg. The effort aligns with the College's motto Educate for Service, which was adopted in 1915. Educate for Service expresses the College campus community's belief that the pursuit of knowledge is most noble when used to benefit others. More About This Year's Partnering Organizations The Milagro House offers education, housing, and supportive services for women and their children who without our program would likely be experiencing homelessness. It is the only program of its kind in the Lancaster area that has education as its foundation with the belief that it is a critical component to breaking the barriers that prevent the women we serve from obtaining a job that pays a family-sustaining wage and allows them to break the cycle of poverty for themselves and their children. Water Street Mission is a faith-based, trauma-informed organization that has been working to provide restorative services to those in Lancaster County experiencing homelessness and extreme poverty since 1905. They provide a variety of services including access to emergency food and shelter, a long term residential program, medical and dental care, vocational training, resources for those with behavioral health and those battling addiction, community food distribution, an early learning center, and a center for mentoring and development for teens. Downtown Daily Bread has been a gateway to basic human services for hundreds of homeless and hungry individuals in Harrisburg for over thirty-eight years. It is the only one-stop, walk-in resource center for all hungry and homeless individuals. They offer a soup kitchen, day shelter, and a winter season night shelter for members of the Harrisburg community. About Elizabethtown College Elizabethtown College, located in southcentral Lancaster County, Pennsylvania, is a private coed institution offering more than 50 health, science, engineering, political science business, communications, fine art and music, humanities, and education degrees.

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EDUCATION TECHNOLOGY

New Oriental Education & Technology Group Inc. Announces Plan to Implement ADS Ratio Change

New Oriental Education and Technology Group Inc. | March 28, 2022

New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), a provider of private educational services in China, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its common shares (the "ADS Ratio"), par value US$0.001 per share, from the current ADS Ratio of one (1) ADS to one (1) common share to a new ADS Ratio of one (1) ADS to ten (10) common shares. A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflect the change in the ADS Ratio. The Company anticipates that the change in the ADS Ratio will be effective on or about April 8, 2022, subject to the effectiveness of the post-effective amendment to the ADS Registration Statement on Form F-6 on or before that date. For New Oriental's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split. Each ADS holder of record at the close of business on the date when the change in ADS Ratio is effective will be required to surrender and exchange every ten (10) existing ADSs then held for one (1) new ADS. Deutsche Bank Trust Company Americas, as the depositary bank for New Oriental's ADS program, will arrange for the exchange of the current ADSs for the new ones. New Oriental's ADSs will continue to be traded on the New York Stock Exchange under the symbol "EDU." No fractional new ADSs will be issued in connection with the change in the ADS Ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the depositary bank. The change in the ADS Ratio will have no impact on New Oriental's underlying common shares, and no common shares will be issued or cancelled in connection with the change in the ADS Ratio. As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be equal to or greater than ten times the ADS trading price before the change. 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" and similar statements. New Oriental may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about New Oriental'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: our ability to attract students without a significant decrease in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our "New Oriental" brand; our ability to effectively and efficiently manage the changes of our school network and successfully execute our strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the private education sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected changes of the Chinese private education market; Chinese governmental policies relating to private educational services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and New Oriental undertakes no duty to update such information, except as required under applicable law. About New Oriental New Oriental is a provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings mainly consist of test preparation, language training for adults, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental's ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

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EDUCATION TECHNOLOGY

University of Phoenix College of Doctoral Studies Releases Newest Edition of Its Phoenix Scholar™ Academic Journal

University of Phoenix | December 18, 2021

University of Phoenix has released the 12th edition of the Phoenix Scholar™ academic research journal. Hosted by the College of Doctoral Studies’ Center for Educational and Instructional Technology Research (CEITR), this special edition issue of the periodical titled, “Reshaping Education Through Innovation: The Pandemic Response,” examines the ramifications and opportunities of innovation in education technology driven by response to the Covid-19 pandemic.The issue contributes to the body of knowledge and understanding of pandemic response and adaptation that has emerged over the previous year. “At the outset of the pandemic, we adapted, developed, and witnessed extraordinary change in the delivery and modalities of technology in education in a matter of weeks. We planned this edition as a narrative, telling the story of those adaptations and innovations, and especially, shedding light on how educational organizations can manage the enduring implications and encounter future disruptions.” Mansureh Kebritchi, Ph.D., guest editor of this Phoenix Scholar™ edition, and research chair of CEITR at University of Phoenix The issue includes University of Phoenix leadership reflections on strategies used to manage the pandemic challenges and presents several institutional studies managed by CEITR researchers. It covers a variety of topics including remote work skills, alternative credentials such as digital badging and mini certifications, promoting learners’ grittiness and retention, equity in education, and aligning curricula with employer needs. The Phoenix Scholar™ journal is the academic research publication of University of Phoenix’s College of Doctoral Studies and serves as the scholarly platform for communicating the results and outcomes of university research endeavors, and their relationship to the broader scope of learning and scholarship. Three College research centers contribute to the publication findings: Center for Educational and Instructional Technology Research (CEITR), Center for Leadership Studies and Educational Research (CLSER), and Center for Workplace Diversity and Inclusion Research (CWDIR). As longtime leaders in online education, the university utilizes research to develop solutions in the core areas of leadership, workplace diversity and instructional technology to enhance student outcomes, improve communities and to help students, faculty and alumni grow in their career aspirations. About the College of Doctoral Studies University of Phoenix’s College of Doctoral Studies focuses on today’s challenging business and organizational needs, from addressing critical social issues to developing solutions to accelerate community building and industry growth. The College’s research program puts students in the center of an effective ecosystem of experts, resources and tools to help prepare them to be a leader in their organization, industry and community. Through this program, students and researchers work with organizations to conduct research that can be applied in the workplace in real time. About University of Phoenix University of Phoenix is continually innovating to help working adults enhance their careers in a rapidly changing world. Flexible schedules, relevant courses, interactive learning, and Career Services for Life® help students more effectively pursue career and personal aspirations while balancing their busy lives.

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CORPORATE EDUCATION AND TRAINING

China Liberal Education Holdings Limited Enters into Definitive Agreement to Acquire Oriental Wisdom Cultural Development Co., Ltd.

China Liberal Education Holdings Limited | June 10, 2022

China Liberal Education Holdings Limited (Nasdaq: CLEU) ("China Liberal," the "Company," or "we"), a China-based company that provides smart campus solutions and other educational services, today announced that on June 9, 2022, the Company, through its wholly-owned subsidiary, China Liberal (Beijing) Education Technology Co., Ltd. ("China Liberal Beijing"), entered into a definitive stock purchase agreement (the "Agreement") with Beijing Cloud Class Technology Co., Ltd. ("Cloud Class") to acquire from Cloud Class 100% of the issued equity interests of Beijing Oriental Wisdom Cultural Development Co., Ltd. ("Oriental Wisdom"), an integrated education service provider focusing on operating jointly-managed academic programs in the vocational higher education industry in China. This acquisition is a critical initiative of the Company's business strategy of boosting the Company's development in the vocational education industry through integrating enterprises and developing vocational education across various industries. Pursuant to the Agreement, China Liberal Beijing agrees to acquire 100% of the equity interests of Oriental Wisdom from Cloud Class in consideration of 7,000,000 ordinary shares of the Company, subject to certain payment schedules set forth in the Agreement. The transaction contemplated by the Agreement has been approved by the Company's board of directors at a special meeting on June 1, 2022, with the closing expected to occur near the end of June 2022. The acquisition of Oriental Wisdom is expected to bring synergy to the Company in the vocational education industry, enhancing the collaboration between educational institutions and companies, and improving the Company's management capabilities. Following the completion of the acquisition, the Company believes that it will be able to develop curriculum systems with trusted teacher resources and integrate professional skills and knowledge into liberal arts education, overcoming the obstacles many higher education institutions face in professional studies and reformations. Meanwhile, with a large and increasing number of students, the Company expects to expand its services to internship referrals, project outsourcing, and multi-level cooperation with leading companies for talent recruitment and training, providing students with premium employment opportunities. "We are excited to acquire Oriental Wisdom and it is another milestone for the Company to move toward our goal of contributing to the vocational education sector in China. With the recent favorable governmental policies and increasing government budgets for vocational education, we believe this acquisition demonstrates China Liberal's long-term strategic vision. Additionally, as the demand for digitalization grows in the education sector, we expect to leverage our advantages in technology, research and development (R&D) resources, and patented products to further cooperate with universities and colleges and assist them in fulfilling their needs for smart-campus management by enhancing their software system in order to achieve campus planning and inter-department coordination. The all-in-one teaching machine, AI-Space, will serve as the core of our hardware system and deliver online and in-person integrated teaching solutions to various educational institutions, allowing them to adapt to various teaching scenarios and improve the overall teaching quality. Looking forward, we will proactively expand our business in vocational education and continue to put efforts into education digitalization as we aim to benefit more students who are in vocational education and create more value for our shareholders." -Ms. Ngai Ngai Lam, Chairperson and CEO of China Liberal About Beijing Oriental Wisdom Cultural Development Co., Ltd. Beijing Oriental Wisdom Cultural Development Co., Ltd. is an integrated services provider in the higher education industry in China. Through the research of industry-education integration education model, school-enterprise cooperation in running schools, professional practice, practical training and employment, teacher training and other businesses, it currently cooperates with 10 colleges and universities in Inner Mongolia, Gansu, Shandong, and other provinces to operate school-enterprise jointly-managed programs covering various majors. There are about 4,000 students in these jointly-managed programs of these partner colleges and universities, including about 3,700 undergraduates, 250 junior college students, and about 50 unplanned enrollments. About China Liberal Education Holdings Limited China Liberal, headquartered in Beijing, is an educational service provider in China. It provides a wide range of services, including those under sino-foreign jointly managed academic programs; overseas study consulting services; technological consulting services for Chinese universities to improve their campus information and data management system and to optimize their teaching, operating and management environment, creating a "smart campus"; and tailored job readiness training to graduating students.

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