Financial Performance - Net revenues from continuing operations decreased from $14.8 million in 2022 to $9.2 million in 2023, primarily due to the closure of Bay State College in August 2023[199]. - The net loss from continuing operations narrowed to $3.2 million in 2023 from $9.3 million in 2022[199]. - Gross profit margin increased from 1.9% in 2022 to 27.2% in 2023, attributed to a decrease in cost of revenues following the closure of Bay State College[209]. - Deferred revenue decreased from $0.8 million in 2022 to $0.5 million in 2023, reflecting a reduction in tuition received in advance from students[221]. - Net revenues from continuing operations decreased by 37.8% from $14.8 million in 2022 to $9.2 million in 2023, primarily due to the permanent closure of Bay State College on August 31, 2023[240]. - Cost of revenues from continuing operations decreased by 53.8% from $14.5 million in 2022 to $6.7 million in 2023, also attributed to the closure of Bay State College[240]. - Total operating expenses from continuing operations decreased by 30.6% from $9.8 million in 2022 to $6.8 million in 2023, due to stringent expense controls[241]. - Selling and marketing expenses decreased by 26.7% from $1.5 million in 2022 to $1.1 million in 2023, reflecting improved operating efficiency[241]. - Other net income from continuing operations increased to $1.1 million in 2023 from $0.2 million in 2022, primarily due to a $1.4 million gain on disposal of assets[242]. - Net loss improved from $14.3 million in 2022 to $3.2 million in 2023, reflecting the aforementioned factors[242]. Operational Changes - The closure of Bay State College was finalized on August 31, 2023, after the New England Commission of Higher Education announced the withdrawal of its accreditation[201]. - The company completed the sale of Ambow China for $12.0 million on December 31, 2022, following regulatory changes prohibiting foreign investments in private schools in China[203]. - The number of student enrollments is influenced by demand for educational programs, fees charged, marketing effectiveness, and competition[206]. - The company plans to continue adding new offerings to attract a diverse student base and enhance cross-selling opportunities[206]. Research and Development - Research and development expenses increased in 2023, primarily due to a $0.5 million increase associated with the development of the new product, HybriU[213]. - Research and development expenses increased from nil in 2022 to $0.5 million in 2023, mainly due to the development of the new product, HybriU[242]. Cash Flow and Liquidity - Net cash used in operating activities from continuing operations was $0.3 million in 2023, a significant decrease from $5.6 million in 2022[247]. - As of December 31, 2023, the company had $4.8 million in unrestricted cash and cash equivalents, indicating a focus on liquidity management[244]. - Cash, cash equivalents, and restricted cash at the end of the year from continuing operations was $10.1 million as of December 31, 2023[246]. - Net cash provided by financing activities from continuing operations was $2.8 million in 2023, slightly down from $3.0 million in 2022[251]. - The company raised $2.0 million through private investments of ordinary shares and warrants in February 2023[253]. - The company expects to require additional capital to execute its longer-term business plan, indicating potential future financing needs[244]. Shareholder and Equity Information - As of December 31, 2023, the Group granted up to 7,305,222 Class A ordinary shares to employees, outside directors, and consultants under the Amended 2010 Equity Incentive Plan[291]. - The maximum number of shares that may be issued under the Amended 2010 Plan is 6,500,000 Class A ordinary shares, plus additional shares from expired or forfeited options[290]. - The Board of Directors approved the grant of 5.2 million fully vested Class A ordinary shares to senior employees for past services on June 30, 2022[276]. - The company has entered into indemnification agreements with directors and executive officers for protection against costs and expenses incurred in their roles[331]. - Major shareholders include New Flourish Holdings Limited with 21.42% and CEIHL Partners (I) Limited with 5.20% of Class A ordinary shares[320]. - The executive officers and directors collectively own 1.84% of Class A ordinary shares and 9.99% of total ordinary shares[319]. Tax and Regulatory Information - The Cayman Islands impose no income, corporate, or capital gains tax on the creation, issuance, or delivery of ADSs or ordinary shares[344]. - The company has obtained a 20-year tax undertaking from the Governor of the Cayman Islands, ensuring no new taxes will be levied on profits or income during this period[345]. - U.S. Holders must include cash dividends as ordinary income, with dividends treated as such if paid from current or accumulated earnings and profits[353]. - Non-corporate U.S. Holders may benefit from a lower long-term capital gains tax rate on cash dividends if certain conditions are met, including the ADSs being readily tradable on an established securities market[354]. Internal Controls and Governance - The management concluded that internal control over financial reporting was effective as of December 31, 2023[395]. - There were no significant changes in internal controls over financial reporting during the reporting period that materially affected the effectiveness[396]. - The company’s audit committee financial expert is Yanhui Ma, an independent director[397].

Core Insights - Ambow Education Holding Ltd. has introduced its innovative HybriU AI education technology at an open house event, showcasing its potential to transform educational experiences [1][2][3] Company Overview - Ambow Education Holding Ltd. is a U.S.-based, AI-driven educational technology company focused on empowering educators and students through advanced technology tailored for the education sector [6] HybriU Technology Features - HybriU integrates AI, lecture capture, connectivity, immersive technologies, and a comprehensive management platform, aiming to enhance the future of education and promote accessibility [1][2] - The technology facilitates interactive live sessions, transforming traditional classrooms into dynamic learning environments that enhance student engagement [2][3] - Key features of HybriU include: - AI Immersive 3D Technology that provides a more engaging learning experience through 3D signal capture and display [2] - AI-Driven Connectivity that supports multi-location engagement, bridging in-person and virtual classrooms [3] - AI Intelligent Multi-Modal Lecture Capture that captures and summarizes lectures for efficient student review [3][4] - Proprietary Video Editing Technology allowing educators to easily edit recorded content [4] - AI Interactive Learning via Teaching Assistant, enabling personalized learning experiences [4] - AI Real-Time Analytics & Feedback that aggregates student activity for timely interventions [4] - AI Multilingual Support offering close captioning and real-time translation in over 80 languages [5] Educational Impact - The HybriU platform aims to break down educational barriers and empower both educators and students globally, enhancing learning outcomes and accessibility [1][5]

Core Viewpoint - Ambow Education Holding Ltd. is hosting an open house to showcase its innovative HybriU AI education technology and solutions, aimed at transforming traditional classrooms into hybrid learning environments [1][2]. Group 1: Event Details - The open house will take place from April 14-16, 2024, at NewSchool of Architecture & Design Campus in San Diego, California, from 10:00 a.m. to 4:00 p.m. PST [1]. - An investor-focused presentation is scheduled for April 15, 2024, at 2:00 p.m. PST, discussing the company's value proposition and operating strategy in the education market [2]. Group 2: Technology and Offerings - HybriU is designed to redefine the teaching and learning experience by creating seamless hybrid learning environments, featuring 3D live demonstrations and interactive sessions [2]. - Ambow's mission is to empower educators and students with advanced technology tailored for the education sector, offering high-quality, individualized career education services through its patented open-platform technology [4].

CUPERTINO, Calif., March 11, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced that Head of HybriU Norm Allgood will present the Company's industry-leading AI digital education total solution, HybriU, at the ASU+GSV Summit on Monday, April 15 from 11:40 a.m. to 12:20 p.m. PST at the Manchester Grand Hyatt in San Diego, Calif. Founded in 2010 through collaboration between Global Silicon Valley (GSV) ...

CUPERTINO, Calif., March 6, 2024  /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced the appointment of Norm Allgood as fractional Head of HybriU, effective immediately. In this newly established position, Mr. Allgood will lead the dissemination and implementation of HybriU, Ambow's cutting-edge, AI-driven hybrid learning solution for education and workforce training. Mr. Allgood holds over two decades o ...

To be completely upfront, stocks to sell represent a terribly unpopular subject for obvious reasons. Still, I hope you’ll extend me some rope so that I can make my case. Each of the companies you see appear on this list for the following main reasons:They all skyrocketed sharply this year.Worse yet, they feature questionable business models or relevance.Generally, their 15 minutes of fame may be up.Ultimately, what I’m trying to do is to protect you from the occasional irrationality of the market. You might ...

CUPERTINO, Calif., Jan. 29, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced its plan to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares from one (1) ADS, representing two (2) Class A ordinary shares, to one (1) ADS representing twenty (20) Class A ordinary shares (the "ADS Ratio Change"). The ADS Ratio Change is expected to become effective on or about F ...

CUPERTINO, Calif., Jan. 11, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), an AI technology-driven educational company, today announced the exhibition of its industry-leading AI digital education total solution, HybriU, at CES 2024 in Las Vegas from January 9-12 at booth #60467 in the Venetian Expo, Hall G, Eureka Park. HybriU is the first AI-driven plug-and-play, total digital education solution designed to address the education industry's new learning p ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR SECTION 15(d) OF THE SEC ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR SECTION 15(d) OF THE SEC ...