Ambow Education Enters into Strategic Collaboration with Beijing Qiyu Technology to Establish World-Class AI and Humanoid Robotics Teaching Platform

BEIING, April 30, 2019 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, has entered into a strategic agreement with Beijing Qiyu Technology Company Limited ("Qiyu"). The collaboration with Qiyu, a technology-driven company, will focus on research and development, manufacturing and education in the field of AI and humanoid robotics.

Under the agreement, the parties intend to develop a practical training platform to teach AI and humanoid robotics principles. This platform will include an application-oriented AI teaching system, a cloud-based learning management system, and comprehensive set of humanoid robotics source code. All related teaching systems, curriculum, courses, textbooks and a case library will be developed jointly by both parties. When completed, the platform will give students a hands-on opportunity to learn AI and humanoid robotics technical skills as well as related activities such as entrepreneurship and dynamic innovation. Universities and colleges in China are expected to be the main target customers of this new platform.

Both parties will take part as industry incubators promoting growth and employment opportunities in AI and robotics. Ambow's involvement in the development of the platform and its unique ability to connect career colleges with leading corporations will aid in the reduction of talent shortages, bridging the gap between higher learning and the needs of high tech employers.

Dr. Jin Huang, President and Chief Executive Officer of Ambow commented, "We are pleased to announce this collaboration with Qiyu, as this partnership further demonstrates Ambow's commitment to modernizing higher learning in China. As we continue to seek out trends in new emerging career fields, we continue our drive to provide students with not only education but also desirable new skillsets that are in-demand in emerging technology career fields.

"As Ambow continues to address the challenges of a world driven by digital transformation and new technologies, our latest efforts focus on the AI and Robotics industries, which require a specialized multi-disciplinarian approach to the development of their respective core curriculums. By providing an immersive and hands-on learning experience, the goal of the program is to develop the next top-class of researchers, engineers, scientists and entrepreneurs in AI and Robotics," concluded Dr. Huang.

About Ambow Education Holding Ltd.

Ambow Education Holding Ltd. is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 30 out of the 31 provinces and autonomous regions within China.

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