 BEIJING , July 19, 2021 PRNewswire -- China Liberal Education Holdings Limited Nasdaq: CLEU China Liberal, the Company, or we, an educational services provider in China, providing, among other services, smart campus solutions, today announced that on July 3, 2021, it entered into an extension agreement LOI Extension Agreement to the non-binding letter of intent LOI to acquire Wanzhong Hong Kong Education Investment Management Co., Ltd WEIM. Pursuant to LOI Extension Agreement, the Company intends to acquire 100 of the issued and outstanding shares of WEIM from its sole shareholder, to be paid in cash and ordinary shares of the Company with a total value of RMB350 million, subject to adjustments based on the results of the upcoming due diligence on WEIM by the Company and further negotiations between the parties. 