Ambow Partners with Universities and Industry Leaders to Build New IC Talent Ecosystem

BEIJING, Nov. 17, 2021 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading cross-border career educational and technology service provider, today announced that it has entered into strategic cooperation agreements entitled "Building Integrated Circuit ("IC") Talents Ecosystem" (the "Agreements"), with North China University of Technology, China Advanced Semiconductor Industry Innovation Alliance (CASA), and H3C Technologies Co., Ltd. (H3C). Ambow finalized the Agreements during the Integrated Circuits Industry Education and Training Forum, an Ambow-sponsored event at the Fourth Semiconductor Intelligence Conference 2021 in Zhuji, Zhejiang.

Pursuant to the Agreements, Ambow will join forces with the above organizations with the goal of connecting universities, enterprises and industry leaders to jointly cultivate a new IC talent ecosystem. Ambow will conduct project, practice and theory training, as well as co-developed disciplines to assist in the design, planning and implementation of an integrated circuit talent training system.

Dr. Jin Huang, President and Chief Executive Officer of Ambow, commented, "Throughout our 21-year history, Ambow has been committed to integrating domestic and international industry requirements into China's broader education system. Beginning with our groundbreaking master's degree program in software engineering, we have helped dozens of colleges and universities improve their talent training capabilities across multiple disciplines, thereby creating strong talent pipelines for a wide range of industries. We look forward to leveraging our vast experience and rich resources and working with universities and industry partners to jointly build a new IC talent ecosystem."

About Ambow Education Holding Ltd.

Ambow Education Holding Ltd. is a leading cross-border career educational and technology service provider, 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 China and United States of America.

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