Ambow Education Wins Bid for Asian Development Bank-Backed Project

BEIJING, Sept. 30, 2020 /PRNewswire/ —¬†Ambow Education Holding Ltd. (“Ambow” or the “Company”) (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, is pleased to announce today, that one of its wholly-owned subsidiaries in China, Beijing Ambow Shengying Education and Technology Co., Ltd (“Ambow Shengying“), received notification from Instrimpex International Tendering Co., Ltd., which is responsible for facilitating Asian Development Bank (“ADB”) loan projects, that Ambow Shengying won the bid for a ADB-backed project in Ziyang, Sichuan Province of China. ADB focuses on projects that help promote private investments in the region that will have significant development impact and will lead to accelerated, sustainable, and inclusive growth.

This project is designed to provide Ziyang Technical and Vocational Education and Training¬†(“TVET”) Center with curriculum design and technological aid for teaching capacity expansion and is a part of the

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