Announcement • Jun 03
China Liberal Education Holdings Limited(OTCPK:CLEU.F) dropped from NASDAQ Composite Index China Liberal Education Holdings Limited has been removed from NASDAQ Composite Index . Announcement • Apr 30
China Liberal Education Holdings Limited announced delayed 20-F filing On 04/29/2025, China Liberal Education Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Apr 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 77% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 1204x increase in shares outstanding). Market cap is less than US$10m (US$6.87m market cap). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (US$2.4m revenue). Announcement • Dec 24
China Liberal Education Holdings Limited has filed a Follow-on Equity Offering in the amount of $20.8 million. China Liberal Education Holdings Limited has filed a Follow-on Equity Offering in the amount of $20.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 160,000,000
Price\Range: $0.13
Discount Per Security: $0 Announcement • Nov 02
China Liberal Education Holdings Limited, Annual General Meeting, Nov 25, 2024 China Liberal Education Holdings Limited, Annual General Meeting, Nov 25, 2024, at 09:30 China Standard Time. Location: 7th floor, building 5, no. 2 zhenxing road, changping district, beijing 102299, China Reported Earnings • Oct 13
First half 2024 earnings released: US$2.04 loss per share (vs US$0.18 profit in 1H 2023) First half 2024 results: US$2.04 loss per share (down from US$0.18 profit in 1H 2023). Net loss: US$4.72m (down US$5.10m from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 5 percentage points per year. Announcement • Aug 25
China Liberal Education Holdings Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency China Liberal Education Holdings Limited (the ‘Company’) announced that the Company received a written notification (the ‘Notification Letter’) from the Nasdaq Stock Market LLC (‘Nasdaq’) on August 21, 2024, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of USD 1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's ordinary shares for the 32 consecutive business days from July 8, 2024 to August 20, 2024, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until February 17, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ordinary shares must have a closing bid price of at least USD 1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by February 17, 2025, the Company may be eligible for additional time to regain compliance or may face delisting. The Company's business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. Announcement • May 14
China Liberal Education Holdings Limited has filed a Follow-on Equity Offering in the amount of $25 million. China Liberal Education Holdings Limited has filed a Follow-on Equity Offering in the amount of $25 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: $1 New Risk • Apr 17
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: US$2.9m This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 70% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Market cap is less than US$10m (US$3.27m market cap). Minor Risk Revenue is less than US$5m (US$2.9m revenue). Announcement • Feb 06
China Liberal Education Holdings Regains Compliance with Nasdaq Minimum Bid Price Requirement China Liberal Education Holdings Limited announced that the Company received a written notification from the Listing Qualifications Department of the Nasdaq Stock Market LLC on February 2, 2024, informing the Company that it has regained compliance with the Nasdaq's minimum bid price requirement and the matter is closed. On September 26, 2023, the Company was notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was provided 180 calendar days, or until March 25, 2024, to regain compliance. Effective January 19, 2024, the Company effected a share consolidation of fifteen (15) ordinary shares with par value of $0.001 per share each in the Company's issued and unissued share capital into one (1) ordinary share with par value of $0.015, which was reflected with Nasdaq and in the marketplace at the opening of business on January 19, 2024. The Notification Letter the Company received from Nasdaq on February 2, 2024 noted that the Company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days, from January 19, 2024 to February 1, 2024. Nasdaq stated that, accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2). Announcement • Nov 09
China Liberal Education Holdings Limited, Annual General Meeting, Nov 30, 2023 China Liberal Education Holdings Limited, Annual General Meeting, Nov 30, 2023, at 09:30 China Standard Time. Location: 7th Floor, Building 5, Changping Beijing Province China Agenda: To approve the re-election of Ngai Ngai Lam as a director of the Company to hold office until the next annual general meeting of the Company; to approve the re-election of Fangzhong Sun as a director of the Company to hold office until the next annual general meeting of the Company; to approve the re-election of Ngo Yin Tsang as an independent director of the Company to hold office until the next annual general meeting of the Company; and to consider other matters. Reported Earnings • Oct 23
First half 2023 earnings released: EPS: US$0.012 (vs US$0.085 in 1H 2022) First half 2023 results: EPS: US$0.012 (down from US$0.085 in 1H 2022). Revenue: US$9.02m (up 230% from 1H 2022). Net income: US$376.2k (down 75% from 1H 2022). Profit margin: 4.2% (down from 55% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. Announcement • Sep 28
China Liberal Education Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency China Liberal Education Holdings Limited announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on September 26, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement set in the Nasdaq Listing Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of USD 1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's ordinary shares for the 30 consecutive business days from August 14, 2023 to September 25, 2023, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until March 25, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ordinary shares must have a closing bid price of at least USD 1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by March 25, 2024, the Company may be eligible for additional time to regain compliance or may face delisting. The Company's business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$24.3m market cap). Announcement • Jul 10
China Liberal Education Holdings Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement China Liberal Education Holdings Limited announced that the Company received a written notification (the "Notification Letter") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on July 7, 2023, informing the Company that it has regained compliance with the Nasdaq's minimum bid price requirement and the matter is closed. On February 15, 2023, the Company was notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was provided 180 calendar days, or until August 14, 2023, to regain compliance. The Notification Letter the Company received from Nasdaq on July 7, 2023 noted that the Company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for the last 12 consecutive business days, from June 20, 2023 through July 6, 2023. Nasdaq stated that, accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2). Reported Earnings • May 18
Full year 2022 earnings released: US$0.071 loss per share (vs US$0.12 loss in FY 2021) Full year 2022 results: US$0.071 loss per share. Revenue: US$11.6m (up 197% from FY 2021). Net loss: US$1.69m (loss widened 35% from FY 2021). Announcement • Feb 20
China Liberal Education Holdings Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency China Liberal Education Holdings Limited announced that the Company received a written notification from the Nasdaq Stock Market LLC on February 15, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's ordinary shares for the 30 consecutive business days from January 3, 2023 to February 14, 2023, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until August 14, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ordinary shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by August 14, 2023, the Company may be eligible for additional time to regain compliance or may face delisting. The Company's business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. Announcement • Dec 13
China Liberal Education Holdings Limited, Annual General Meeting, Dec 30, 2022 China Liberal Education Holdings Limited, Annual General Meeting, Dec 30, 2022, at 09:30 China Standard Time. Location: Room 805 Block 15, No. A1 Chaoqian Road A1 Chaoqian Road, Science and Technology Park, Changping District, Beijing 102200 Beijing China Agenda: To consider and approve the election of existing directors of the Company to hold office until the next annual general meeting of the Company; and to consider and to adopt the Company’s annual accounts for the fiscal year ended December 31, 2021. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Ngo Yin Tsang is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 08
First half 2022 earnings released: EPS: US$0.085 (vs US$0.026 in 1H 2021) First half 2022 results: EPS: US$0.085 (up from US$0.026 in 1H 2021). Revenue: US$2.74m (up 48% from 1H 2021). Net income: US$1.50m (up US$1.28m from 1H 2021). Profit margin: 55% (up from 12% in 1H 2021). The increase in margin was primarily driven by higher revenue. Announcement • Sep 04
China Liberal Education Holdings Limited (NasdaqCM:CLEU) completed the acquisition of Wanwang Investment Limited from Thrive Shine Limited and Xiaoshi Huang. China Liberal Education Holdings Limited (NasdaqCM:CLEU) entered into a definitive stock purchase agreement to acquire Wanwang Investment Limited from Thrive Shine Limited and Xiaoshi Huang for $60 million on February 1, 2022. The transaction is approved by the board of directors of China Liberal Education and closing is expected to occur on February 10, 2022. As on February 16, 2022, 100% of the equity interests in Wanwang has been successfully transferred from Xiaoshi Huang and Thrive Shine Limited to China Liberal, and the sole director of Wanwang and its affiliate, Wanzhong (Hong Kong) Education Investment Management Co., Ltd, has been updated to be Ms. Ngai Ngai Lam, Chairperson and Chief Executive Officer of China Liberal. China Liberal has wired part of the consideration for the Acquisition to the joint account held by Xiaoshi Huang and Ms. Ngai Ngai Lam pursuant to the terms of the Amendment. The releasing of the closing payment to Wanwang’s seller is pending the closing of the Acquisition, which is scheduled to occur upon the completion of the audit of Wanwang’s financial results for the fiscal year 2021. The closing of the Acquisition is expected to occur before May 2022.
China Liberal Education Holdings Limited (NasdaqCM:CLEU) completed the acquisition of Wanwang Investment Limited from Thrive Shine Limited and Xiaoshi Huang on September 2, 2022. Announcement • Jul 20
China Liberal Education Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency China Liberal Education Holdings Limited announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on July 15, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's ordinary shares for the 30 consecutive business days from June 1, 2022 to July 14, 2022, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until January 11, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ordinary shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by January 11, 2023, the Company may be eligible for additional time to regain compliance or may face delisting. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Ngo Yin Tsang is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 15
Full year 2021 earnings released: US$0.12 loss per share (vs US$0.21 profit in FY 2020) Full year 2021 results: US$0.12 loss per share (down from US$0.21 profit in FY 2020). Revenue: US$3.91m (down 22% from FY 2020). Net loss: US$1.25m (down 203% from profit in FY 2020). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 38% share price gain to US$1.50, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 21x in the Consumer Services industry in the US. Total loss to shareholders of 64% over the past year. Board Change • Apr 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Ngo Yin Tsang is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 21% share price gain to US$1.04, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 20x in the Consumer Services industry in the US. Total loss to shareholders of 74% over the past year. Announcement • Feb 05
China Liberal Education Holdings Limited Announces Board Changes China Liberal Education Holdings Limited announced that its board of directors had appointed Mr. Fangzhong Sun as a new director of the Company, succeeding Mr. Nan Hu, effective February 1, 2022. Mr. Fangzhong Sun has served as the Chief Education Specialist and director of China Liberal (Beijing) Education Technology Co. Ltd. Announcement • Feb 04
China Liberal Education Holdings Limited (NasdaqCM:CLEU) entered into a definitive stock purchase agreement to acquire Wanwang Investment Limited from its shareholders for $60 million. China Liberal Education Holdings Limited (NasdaqCM:CLEU) entered into a definitive stock purchase agreement to acquire Wanwang Investment Limited from its shareholders for $60 million on February 1, 2022. The transaction is approved by the board of directors of China Liberal Education and closing is expected to occur on February 10, 2022. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 22% share price decline to US$1.22, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 18x in the Consumer Services industry in the US. Total loss to shareholders of 69% over the past year. Reported Earnings • Dec 08
First half 2021 earnings: Revenues and EPS in line with analyst expectations First half 2021 results: EPS: US$0.026 (up from US$0.015 loss in 1H 2020). Revenue: US$1.85m (down 19% from 1H 2020). Net income: US$226.0k (up US$305.6k from 1H 2020). Profit margin: 12% (up from net loss in 1H 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$1.75, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 19x in the Consumer Services industry in the US. Total loss to shareholders of 68% over the past year. Executive Departure • Sep 28
Independent Director Joseph J. Levinson has left the company On the 18th of September, Joseph J. Levinson's tenure as Independent Director ended after 1.4 years in the role. We don't have any record of a personal shareholding under Joseph J.'s name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 28% share price decline to US$2.13, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 14x in the Consumer Services industry in the US. Total loss to shareholders of 66% over the past year. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 16% share price gain to US$3.28, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 16x in the Consumer Services industry in the US. Total loss to shareholders of 51% over the past year. Executive Departure • Aug 26
Independent Director H. David Sherman has left the company On the 16th of August, H. David Sherman's tenure as Independent Director ended after 1.3 years in the role. We don't have any record of a personal shareholding under H. David's name. H. David is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 34% share price gain to US$2.54, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 15x in the Consumer Services industry in the US. Total loss to shareholders of 46% over the past year. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorated over the past week After last week's 22% share price decline to US$1.85, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 18x in the Consumer Services industry in the US. Total loss to shareholders of 53% over the past year. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$2.56, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 19x in the Consumer Services industry in the US. Total loss to shareholders of 42% over the past year. Reported Earnings • May 03
Full year 2020 earnings released: EPS US$0.21 (vs US$0.088 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$5.02m (down 4.4% from FY 2019). Net income: US$1.21m (up 176% from FY 2019). Profit margin: 24% (up from 8.3% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Feb 13
New 90-day high: US$6.33 The company is up 12% from its price of US$5.65 on 13 November 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 21% over the same period. Announcement • Jan 05
China Liberal Education Holdings Limited (NasdaqCM:CLEU) entered into a letter of intent to acquire Wanzhong (Hong Kong) Education Investment Management Co., Ltd. China Liberal Education Holdings Limited (NasdaqCM:CLEU) entered into a letter of intent to acquire Wanzhong (Hong Kong) Education Investment Management Co., Ltd on December 28, 2020. The consideration is to be paid in cash and ordinary shares. The consideration amount will be determined based on the upcoming due diligence by the Company on WEIM. Wanzhong (Hong Kong) Education Investment Management Co., Ltd reported total assets of CNY 200 million and aggregate annual revenue of about CNY 100 million for the year ended December 2019. Completion of the transaction is subject to the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the acquirer's stockholders. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. The due diligence and closing are expected to be completed within ninety days from the date of the LOI. Is New 90 Day High Low • Jan 01
New 90-day low: US$3.86 The company is down 32% from its price of US$5.69 on 02 October 2020. The American market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is flat over the same period. Reported Earnings • Dec 24
First half 2020 earnings released: US$0.015 loss per share The company reported a soft first half result with weaker earnings and control over expenses, although revenues were improved. First half 2020 results: Revenue: US$2.27m (up 21% from 1H 2019). Net loss: US$79.6k (down 157% from profit in 1H 2019). Is New 90 Day High Low • Dec 16
New 90-day low: US$4.23 The company is down 43% from its price of US$7.44 on 16 September 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 29% share price decline to US$4.23, the stock is trading at a trailing P/E ratio of 48.3x, down from the previous P/E ratio of 67.7x. This compares to an average P/E of 27x in the Consumer Services industry in the US. Announcement • Dec 13
China Liberal Education Holdings Limited Finishes Projects Providing Technical Support Services for State Grid Corporation of China China Liberal Education Holdings Limited announced that the company has successfully provided services under four agreements (the Agreements) with Wuhan Wangjie Hengtong Information Technology Co. Ltd. (WWH) to provide technical support services for SGC. Pursuant to the Agreements with terms ranging from one month to one year in 2020, the Company agreed to provide technical support for the construction of the comprehensive operational capacity of SGC's power supply command center, in order to achieve the function of multi-location video conference, which is used for scheduling meetings, consultations, discussions and training sessions. The Company also agreed to develop remote video interactive information system for SGC and optimize the operation of SGC's service power supply supervision and management platform. Announcement • Dec 10
China Liberal Education Holdings Limited Launches All-In-One Machine AI-Space China Liberal Education Holdings Limited announced that the Company has officially launched AI-Space ("AI-Space"), an all-in-one machine designed to provide highly integrated visualization solutions for various scenarios with strict reliability requirements. These various scenarios may include, command center, lecture hall, conference room, multi-functional exhibition hall, smart classroom, vehicle emergency, portable command, telemedicine, science and technology court, and smart home. The Company began to develop AI-Space in September 2019, following a thorough market research and demand analysis. Company have successfully completed two prototypes in September 2020, and have started production for a much higher volume of AI-Space in November 2020. Currently, keep assembly in-house. AI-Space adopts the design concept of all-in-one, and integrates audio processor, seamless mixed video matrix unit, programmable central control unit, gigabit switch unit, cross-platform runtime, recording and broadcasting codec, video conference terminal and multi-party interactive MCU. It adopts a hot-swappable design, which is easy to operate, has powerful application functions and can be applied to a wide range of applicable scenarios, offering users integrated solutions. Announcement • Jul 18
China Liberal Education Holdings Limited Announces Executive Changes On July 17, 2020, Mr. Jianxin Zhang resigned from his appointment as chief executive officer of China Liberal Education Holdings Limited effective immediately. Mr. Zhang’s resignation is not as a result of any disagreement with the Company relating to its operations, policies or practices. The Board has accepted Mr. Zhang’s resignation. Mr. Jianxin Zhang will continue to act as deputy general manager of China Liberal (Beijing) Education Technology Co. Ltd. (“China Liberal Beijing”), a PRC limited liability company and the operating subsidiary of the Company, responsible for the operation and management of China Liberal Beijing under the supervision of Ms. Lam Ngai Ngai. On July 17, 2020, Ms. Lam Ngai Ngai was elected as the chief executive officer of the Company, to assume such offices upon the departure of Mr. Jianxin Zhang. Ms. Lam will not receive any compensation to serve as director, chairperson of the Board or chief executive officer of the Company. Ms. Lam Ngai Ngai, age 52, has served as the chairperson of China Liberal Beijing since January 2015. She has over 25 years of experience in business and has led the growth of China Liberal Beijing since 2015, growing it from a company solely focused on Sino-foreign jointly managed academic programs to one that provides comprehensive educational services with multiple business lines.