partners to specifically tailor the training for these employees. For the period ended December 31, 2011, student enrollments in its career enhancement services were approximately 105,000. The company operates two career enhancement campuses, namely Kunshan Ambow Service Outsourcing Industrial Park (Kunshan Park) and Dalian Ambow Service Outsourcing Industrial Park (Dalian Park). Kunshan Park and Dalian Park are located in the Yangtze River Delta and Bohai Economic Rim, respectively. These career enhancement campuses serve the needs of students and employers located throughout the Yangtze River Delta and Bohai Economic Rim. The company’s career enhancement campuses offer teaching facilities, laboratories, dormitories, grocery stores and other community infrastructure to accommodate students’ educational and recreational activities. These facilities, which can hold up to an aggregate of 8,000 people for training at a given time, are operated by the company each for a period of 20 years. Both of these office park-type career enhancement campuses are built by local governments in China. They focus on information technology outsourcing and business process outsourcing as the main objectives of the campuses’ training programs. The company, through collaboration with the MOE, launched a Career Competency Enhancement Program (CCEP) in March 2011. This program was jointly developed with the MOE and offered in universities as a credit program which provides students with an advanced curriculum that focuses on soft skill trainings and integrated expert in-class teaching and online learning. For the period ended December 31, 2011, this program had attracted approximately 57,000 students. The company acquired Genesis Career Enhancement in 2011, which provides outbound and in-house management trainings targeted for corporate clients. In addition, the company offers Corporate Business School (CBS), which is an online interactive management training course targeted for corporate clients. The company’s college offers degree programs to incoming students. Its degree programs are typically designed to be completed in either two or four years and are designed to provide its students with practical, career-oriented education, positioning them for attractive entry-level job opportunities. The company had 12,200 university student enrollments in 2011. Its college operates for two semesters per academic year, one running from September to January, and the other running from February or March, depending on the date of the Chinese New Year, to July. The company offers courses five days a week. Disposals In 2011, the company disposed of four subdivisions, including three in the tutoring subdivision and one in the career enhancement subdivision, and initiated the disposal of Beijing Century College and its 100% owned Beijing Siwa Century Facility Management Co. and Beijing 21st Century International School. Seasonality The company’s business is subject to seasonal variations. Service days consumed in its K-12 schools and colleges are lower during the first quarter (year ending on December 31, 2011) due to school closures in January or February for Chinese New Year and winter vacation and during the third quarter due to summer vacation. The company’s tutoring and its career enhancement segments are affected by seasonal variations in the first quarter due to Chinese New Year and winter vacations, though this seasonal impact is to a lesser extent than the impact on its K-12 schools and college. Regulations The company operates its business in China under a legal regime consisting of the State Council, which is the highest authority of the executive branch of the PRC central government, and various ministries and agencies under its authority, including the MOE, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the Ministry of Civil Affairs, the Ministry of Commerce, the State Administration of Foreign Exchange, and their respective authorized local counterparts. History Ambow Education Holding Ltd. was founded in 2000.
ambow education holding-adr
Building A, 18th Floor
No 18, BeiTaiPingZhuang Road
Phone: 86 10 6206 8007
Fax: 86 10 6206 8100www.ambow.com
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