 SHENZHEN, China, Dec. 28, 2020 GLOBE NEWSWIRE -- Meten EdtechX Education Group Ltd. Nasdaq: METX Meten EdtechX or the Company, a leading omnichannel English language training ELT service provider in China, today announced that it has waived a condition to its previously announced offer to exercise Offer to Exercise certain warrants the Warrants at a reduced price of 1.40 per share. The Company has waived the condition requiring that at least sixty-five percent 65 of the outstanding Warrants be tendered prior to 11:59 p.m. Eastern Time on January 5, 2021 the Expiration Date. In connection with the waiver, if the Company completes the offer, the exercise price of all outstanding Warrants following the Expiration Date will temporarily be reduced to 2.50 per share, and be subject to a full-ratchet anti-dilution protection with respect to subsequent equity sales in which any person will be entitled to acquire ordinary shares at an effective price per share that is lower than the then exercise price of the Warrants, subject to customary exceptions. 