GEHI Announces Plan for Closing of Merger and Transfer to NYSE American

BEIJING, Dec. 7, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, announced today that, the transaction parties have received all necessary regulatory approvals related to the merger transaction (the "Merger") by and among the Company, NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"). All conditions precedent to Closing have been satisfied, and the transaction parties will proceed with the closing of the Merger (the "Closing").

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