Gather time 120 million yuan to buy global school

December 12, The Gathering time (NASDAQ Stock Code: YY) announced today that the company has signed a definitive agreement with the relevant parties. According to this agreement, the gathering time will be from the global vocational Education online (that is, global school) complete acquisition of Beijing Global Science and Technology Development Co., Ltd. and Beijing Global Chong Zhi Software Co., Ltd. (transliteration, Beijing Huanqiu Chuangzhi Software Co., Ltd), The total transaction amount is about 120 million yuan. The above transaction also needs to meet the usual trading conditions. According to the agreement between the two sides, global schools will remain online English training business. Education science and technology companies and the creation of a local software company operating the global vocational Training online website edu24ol.com. Edu24ol.com currently has about 700,000 registered users, and the site has become one of the leading online vocational training and language training platforms in China. More than half of Edu24ol.com's revenue comes from students studying architecture and architectural engineering. In addition, edu24ol.com also take medicine, finance, accounting and other subjects as the main teaching content. "We are delighted with the acquisition of the edu24ol.com deal," Lee Colling, chief executive of the gathering era, said. We have not only acquired one of the best online vocational education platforms in China, but we have also expanded our online education services offerings and content. By leveraging the era of High-tech platforms and mass user groups, edu24ol.com will also be able to reach more students, while continuing to focus on the core strength of producing quality educational content. We firmly believe that this transaction will help strengthen our online education platform, and we hope to create a strong future. "In the Thursday Nasdaq stock Exchange, the rally-era share price rose 0.91 U.S. dollars to 64.41 U.S. dollars, or 1.43%, after the post-trading (as at the time of the press), the gathering period of stock prices fell, fell 0.51 U.S. dollars, to 63.90 U.S. dollars, a decrease of 0.79%; In the past 52 weeks, the highest share price of the gathering period was 96.39 U.S. dollars, the lowest share price of 46.64 U.S. dollars.