Ambow Files its Annual Report on Form 20-F for Fiscal Year 2021

BEIJING,May 3,2022 -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO),a leading cross-border career educational and technology service provider,today announced that it filed its Annual Report on Form 20-F for the fiscal year ended December 31,2021 with the Securities and Exchange Commission (the "SEC") on May 2,2022.

The Annual Report on Form 20-F can be accessed on the SEC's website at http://www.sec.gov. The Company will provide a hard copy of the Annual Report containing its audited consolidated financial statements,free of charge,to its shareholders and ADS holders upon request. Requests should be directed to ir@ambow.com or the Company's Investor Relations at Ambow Education Holding Ltd.,12th Floor,Tower 1,Financial Street,Chang'an Center,Shijingshan District,Beijing 100043,China.

About Ambow Education Holding Ltd.

Ambow Education Holding Ltd. is a leading cross-border career educational and technology service provider,offering high-quality,individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors,Ambow provides its services and products to students in China and the United States of America.

Follow us on Twitter: @Ambow_Education

For investor and media inquiries please contact:

Ambow Education Holding Ltd.

Tel: +86 10-6206-8000

Email: ir@ambow.com

The Piacente Group | Investor Relations

Tel: +1 212-481-2050 or +86 10-6508-0677

Email: ambow@tpg-ir.com

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