China Liberal Education Holdings Ltd. (China)

The Company operates as a holding company. The Company, through its subsidiaries, focuses on educational services. China Liberal Education Holdings serves customers in China.
The Company also develops and provides textbooks and other course materials to students enrolled under the Sino-foreign Jointly Managed Academic Programs to ensure the quality of students' learning outcomes.
The Company provides a wide variety of educational services and products intended to address the needs of our partnering schools and its students:
Services provided under Sino-foreign jointly managed academic programs, which services represent the core of the Company s business; Overseas study consulting services. Technological consulting services provided to targeted Chinese universities to improve campus information and data management systems and optimize teaching, operating and management environment, creating a “smart campus”; these consulting services include campus intranet solution buildout, school management software customization, smart devices installation and testing, and school management data collection and analysis, all of which can be specifically tailored to meet a client's particular needs ; and Tailored job readiness training to graduating students, acting as the key bridge between our partner schools and employers, but the Company did not start generating revenue from this line of business until January 2019.
Segment Reporting: Based on management's assessment, the Company has determined that it has six operating segments as defined by ASC 280, including Sino-foreign Jointly Managed Academic Programs, textbooks and course material sales, Overseas Study Consulting Services, Technological Consulting Services for Smart Campus Solutions and Tailored Job Readiness Training Services.
History
2010: China Liberal owns 100 equity interest of Yi Xin BVI International Investment Limited a business company incorporated under the laws of the British Virgin Islands on October 19, 2010.
2011: Through its operating company China Liberal Beijing, incorporated in the PRC on August 10, 2011, the Company is an educational service provider operating under the “China Liberal” brand in the PRC. Its mission is to provide China's students with the tools to excel in a global environment.
2016: changed to its current name on July 19, 2016. Yi Xin BVI owns 100 equity interest in Boya Hong Kong.
2019: The Company was incorporated in the Cayman Islands on February 25, 2019 as an exempted company with limited liability.
2020: On May 8, 2020, the Company is Ordinary Shares commenced trading on the Nasdaq Capital Market under the symbol “CLEU.”
2021: On April 19, 2021, China Liberal Beijing established a wholly owned subsidiary, Fujian China Liberal Education Technology Group Co., Ltd.
2022: On July 14, 2022, the Company closed the transactions contemplated by the Stock Purchase Agreement entered into on June 9, 2022 by and among the Company, China Liberal Beijing, Oriental Wisdom, and Beijing Cloud Class Technology Co., Ltd., the seller of the acquired company, and completed its acquisition of Oriental Wisdom, an integrated education services provider focusing on operating jointly-managed academic programs in the vocational higher education industry in China. On September 2, 2022, the Company closed the transactions contemplated by the Stock Purchase Agreement entered into on February 1, 2022 by and among the Company, Wanwang, Xiaoshi Huang and Thrive Shine Limited, the sellers of the acquired company, and completed its acquisition of Wanwang. Wanwang, through its subsidiaries, operates two colleges, FMP and Strait College.