Meten EdtechX to expand language training offering through investment in Senmiao Education

SHENZHEN, China, Sept. 24, 2020 (GLOBE NEWSWIRE) — Meten EdtechX Education Group Ltd. (NASDAQ: METX) (“Meten EdtechX” or the “Company”), a leading English language training (“ELT”) service provider in China, today announces that it has entered non-binding negotiations with Beijing-based Senmiao Maoyi International Information Technology Co., Ltd. (“Senmiao Education”) for a potential investment in the company.

Adding Italian language training to its offering will mark another milestone in Meten EdtechX’s growth strategy, building on the success of the Company’s launch of Japanese language training at the start of 2020.

Founded in 2005, Senmiao Education is China’s largest European language training institution abroad and one of the largest European education agencies in China. It has six campuses (Beijing, Shanghai, Guangzhou, Chongqing, Zhengzhou, and Wuhan) and one teaching site (Nanjing) in China, along with four campuses in Italy, making it the only Chinese language school with a campus in Italy. Senmiao Education

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