Meten Holding Group Ltd. Provides Updates on Its Metaverse Vocational Education Courses

SHENZHEN, China, April 13, 2022 /PRNewswire/ — Meten Holding Team Ltd. (“Meten Holding Team” or the “Corporation”) (NASDAQ: METX), an omnichannel schooling company headquartered in China delivering language and office teaching services, now delivered updates on the Company’s metaverse vocational training classes (the “Classes”).

As formerly announced, in December 2021, Meten Holding Group released the trial of its metaverse vocational training programs, which cover several topics, such as movie submit-generation, sport rendering, architectural visualization, interior design, UI/UX layout, and Making Information and facts Modeling (“BIM”) application. Amid the resurgence of the COVID-19 pandemic early in 2022 in China, the Firm accomplished a gross billing of RMB10 million (about US$1.57 million) from the Classes in the first quarter of 2022, and is anticipating advancement prospective in the near foreseeable future, as the Programs have been launched in a restricted number of cities, including Shenzhen, Guangzhou, and Nanjing.

The Courses are custom made for both folks with no knowledge in visual design who want to start their careers in this subject and visible building industry experts on the lookout for highly developed coaching. The Business is committed to assisting college students with different backgrounds meet their specific finding out requires and grasp specialist techniques to reach market standards with exclusive creativities.

Mr. Alan Peng, Main Govt Officer of Meten Holding Team, commented, “We are psyched to achieve significant development in launching the metaverse vocational education classes in the facial area of the difficult surroundings. With the fast improvement of vocational education and increasing need for talents, we consider vocational training is an integral part of the education market and desire to aid extra students realize their profession objectives. We will keep on to start the Classes in major metropolitan areas in China, at the time the range of COVID-19 situations decrease sufficiently. We anticipate to attain a gross billing of RMB50 million (somewhere around US$7.86 million) from the Courses in the full 12 months 2022, with the target of cultivating 2000 visual structure skills.”

About Meten Keeping Group Ltd.

Meten Holding Team Ltd., previously acknowledged as Meten EdtechX Training Team Ltd., is an omnichannel instruction business headquartered in China offering language and place of work teaching expert services. In addition to its training companies, Meten Holding Group actively develops metaverse, blockchain and cryptocurrency mining organizations to align with its potential organization development tactic. Meten Keeping Team engages in blockchain relevant enterprises in North The united states and Southeast Asia (excluding China), like cryptocurrency mining, mining farm design, and mining pool and info middle operation. Meten Keeping Team actively explores metaverse organization, this sort of as Metaverse vocational schooling classes, with its aggressive strengths and engineering.

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Protected Harbor Assertion

This announcement contains forward-looking statements that include pitfalls and uncertainties. These statements are built underneath the “safe harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-wanting statements can be recognized by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “designs,” “thinks,” “estimates” and equivalent statements. Statements that are not historical specifics, including statements about the Company’s beliefs and expectations, are ahead-on the lookout statements. A range of components could bring about real outcomes to differ materially from these contained in any forward-wanting assertion, which include but not minimal to the subsequent: the potential growth of and the Firm’s skill to thrive in its new line of business enterprise in cryptocurrency and the blockchain field the continuing effects of the COVID-19 pandemic and the emergence of new variants our capability to appeal to pupils without having a significant minimize in course fees our capability to continue to seek the services of, prepare and keep competent instructors our capacity to preserve and greatly enhance our brand names our capacity to successfully and effectively take care of the enlargement of our university network and correctly execute our progress approach the result of ongoing, or any potential, litigation or arbitration, like people relating to copyright and other intellectual property legal rights level of competition in the English language instruction sector in China improvements in our revenues and particular price or cost objects as a percentage of our revenues the anticipated progress of the Chinese English language teaching and private education market place Chinese governmental procedures relating to non-public instructional companies and providers of these kinds of products and services wellness epidemics and other outbreaks in China and basic financial disorders in China. The Firm does not undertake any obligation to update any ahead-wanting assertion, except as essential less than applicable law. All details delivered in this push release and in the attachments is as of the day of this push release, and the Company undertakes no duty to update these details, except as essential under relevant regulation.

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