Lixiang Education Acquired Youxi Software For The Layout of Online Education

LISHUI, China, Feb. 4, 2021 /PRNewswire/ — Lixiang Education Holding Co., Ltd. (the “Company” or NASDAQ: LXEH), a prestigious private primary and secondary education service provider in China, today announced that it has completed the acquisition of 100% of equity interest in Hangzhou Youxi Information Technology Co., Ltd. (“Youxi Software”) for the layout of online education of the Company.

Youxi Software was founded in 2018 and has developed five software with Computer Software Copyright, including among others live streaming supervision system, Android live streaming system, and Apple live streaming system, etc. The total consideration of the acquisition was RMB300,000 (approximately $46,500) in cash.

“We are glad to announce the acquisition of Youxi Software. Youxi Software’s experience in the field of live streaming software will be a great preparation for the Company to develop online education for the next stage. During the epidemic time last year, we continued to offer our courses to our students through online methods, and achieved quite good results. After the acquisition of Youxi Software, we will be able to develop more customized software and provide better online learning experience for our students. We will also further explore the possibility of making our offline courses online to form an independent brand of Lixiang online education,” said Mr. Biao Wei, CEO of the Company.

About Lixiang Education Holding Co., Ltd.

Founded in Lishui City, China, Lixiang Education Holding Co., Ltd. is one of the top 10 private primary and secondary education institutions in Zhejiang Province. The Company’s education philosophy is to guide the healthy development of students and to establish a solid foundation for their lifelong advancement and happiness. For more information, please visit:

Safe Harbor Statement

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For more information, please contact:

Siyi Ye
Tel: +86-578-2267142
Email: [email protected]

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SOURCE Lixiang Education Holding Co., Ltd.