Beijing (CN), June 2013 - Ambow Education Holding Ltd., a national provider of educational and career-enhancement services in China, has announced that Beijing Ambow Online Software Co., Ltd., the Company's wholly owned subsidiary in China, has entered into a strategic cooperation agreement with Bank of Beijing, Weigongcun Branch. Pursuant to the Strategic Cooperation Agreement, subject to entering into specific agreements, BOB plans to provide Ambow Online and its affiliates with comprehensive finance services, including providing credit line, financing service, financial consulting service, settlement service, cash management service, and wealth-management service. The initial term of the Strategic Cooperation Agreement is one year.
Ambow Education Holding Ltd. is a national provider of educational and career-enhancement services in China, offering high-quality, individualized services and products. Ambow has two business divisions: "Better Schools," which includes K-12 schools and tutoring centers; and "Better Jobs," which includes colleges and career-enhancement centers. 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.
