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Zhangmen Education Issues Response To Media Reports; Says Has Not Received Official Notification Of New Rules And Regulations

Benzinga Real-time News ·  Jul 23, 2021 08:42

Zhangmen Education Inc. ("Zhangmen" or the "Company") (NYSE:ZME), a leading online education company in China focused on providing personalized online courses to K-12 students, today noted that it was reported in the press that the PRC regulators were expected to publish new rules and regulations that are intended to, among other things, tighten the regulation over after-school tutoring services. As of the date of this press release, the Company has not received any official notification of the new rules and regulations reported in the press. The Company will closely monitor the regulatory development in the PRC education industry.

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