BEIJING, Feb. 4, 2022 /PRNewswire/ -- Puxin Limited (NYSE:
NEW) ("Puxin" or the "Company"), a private educational services
provider in China, today announced
that it is evaluating opportunities to expand its existing business
by entering into the fast-food chain restaurants business in
China. The Company possesses a
strong integration capability and expects that its Puxin Business
System, which covers 3,000 management modules, would allow it to
optimize the operating system and business performance of existing
restaurants. The Company also expects that its involvement will
support the restaurants to improve customers traffic by opening new
locations around or inside the Company's schools. No assurance can
be provided that the Company will complete a transaction in the
identified industry.
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "may," "would,"
"expect," "anticipate," "future," "intend," "aim," "plan,"
"believe," "estimate," "predict," "project," "continue,"
"confident" and similar statements. Forward-looking statements in
this press release including statements regarding the Company's
potential expansion into the fast food chain restaurants business,
and the potential results of any such expansion. Any statements
that are not historical facts, including statements about the
Company's beliefs and expectations, are forward-looking statements
that involve factors, risks and uncertainties that could cause
actual results to differ materially from those in the
forward-looking statements. Such factors and risks include, but not
limited to the following: the Company may be unsuccessful in
negotiating or completing a potential transaction, any new business
expansion may not have the expected or intended results, continued
listing of the ADSs on the NYSE, compliance with NYSE rules, future
developments related to the Notes, the planned discontinuation and
sale of the K-12 tutoring services, the Company's goals and
strategies, its ability to achieve and maintain profitability, its
ability to attract and retain students to enroll in its courses,
its ability to effectively manage its business transition and
expansion and successfully integrate new businesses, its ability to
identify or pursue targets for acquisitions, its ability to compete
effectively against its competitors, its ability to improve the
content of its existing courses or to develop new courses, and
relevant government policies and regulations relating to the
Company's corporate structure, business and industry. Further
information regarding these and other risks is included in the
Company's most recent Form 20-F annual report and other filings
with the U.S. Securities and Exchange Commission. All information
provided in this press release is current as of the date of the
press release, and the Company does not undertake any obligation to
update such information, except as required under applicable
law.
About Puxin Limited
Puxin Limited (NYSE: NEW) ("Puxin" or the "Company") is a
private educational services provider in China. Puxin has a strong acquisition and
integration expertise to effectively improve education quality and
operational performance of acquired schools. Puxin offers quality
educational services to students, and has developed online and
mobile applications to enhance students' learning experience. For
more information, please visit http://www.pxjy.com/.
Contacts
Puxin Limited
Investor Relations
Phone: +86-10-6269-8930
E-mail: ir@pxjy.com
ICA Investor Relations (Asia) Limited
Mr. Kevin Yang
Phone: +86-21-8028-6033
E-mail: puxin@icaasia.com
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SOURCE Puxin Limited