AMBO vs PXED

AMBO Core

Annual filing released 2025-03-28 · GPT 6 Luna

The Group is a U.S.-based, AI-driven technology educational company. Its mission is to eliminate barriers between online and offline environments, languages and regions, and academia and industry. The Group is developing a new HybriU AI Digital Education Solution that transforms the educational environment, bridging the gap between traditional methods and the future of digital learning. This solution combines sophisticated software and hardware to create an AI-powered digital and hybrid classroom, designed to enhance educational delivery and engagement. Through HybriU, the Group’s dynamic will be patented open-platform technology that facilitates hybrid learning. In addition, the Group offers high-quality, individualized, and dynamic career education services and products through the operation of its for-profit colleges. c. Major subsidiaries

For undergraduate students, the Group’s performance obligation is to provide acknowledged academic education within academic years, and post-secondary with Associates and Bachelor’s programs within agreed-upon periods. The transaction price is the tuition fee received and circumstances like other variable consideration, significant financing component, noncash consideration, consideration payable to a customer did not exist. As there is only one performance obligation, all the transaction price is allocated to the one performance obligation. The Group satisfies performance obligation to students over time, and recognizes revenue according to school days consumed in each month of a semester. We also derive revenue principally from licensing our solution of HybirU. Our HybriU can grant licenses (“Licensing”) to third parties in different markets.

PXED Core

Annual filing released 2025-11-20 · GPT 6 Luna

We qualify all of our forward-looking statements by these cautionary statements. 2 PART I Item 1. Business. Our Mission To provide access to higher education opportunities that enable students to develop the knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations and provide leadership and service to their communities. Our Business We are a mission-driven organization operating at the forefront of the rapidly evolving post-secondary education market. As one of the largest online education providers and a pioneer in our field, we benefit from the dynamic interplay between technological innovation, education, employment and economic trends.

Many of our students receive discounted tuition benefits under programs offered through our employer relationships, which are classified as B2B enrollment. These include students who enroll in the University through employer-provided programs, as well as students who enroll independently but are employees of employers with whom we have an employer relationship. Enrollment through our employer relationships represented approximately 32% of our Average Total Degreed Enrollment in fiscal year 2025. The University currently offers 72 degree-granting and 33 non-degree certificate programs across a wide range of disciplines, including business and information technology (“IT”), health professions, social and behavioral sciences, education, nursing, doctoral studies and general studies.

AMBO Material

Annual filing released 2025-03-28 · GPT 6 Luna

HybriU Education is an AI + 3D hardware and software solution that seamlessly integrates digital and physical classrooms, enhancing teaching and engagement to deliver an immersive, flexible and accessible education. HybriU Conference revolutionizes corporate conferencing by seamlessly integrating AI intelligence with phygital (physical + digital) innovation, creating an immersive, interactive and globally connected phygital meeting and event experience. 28 Student recruitment and retention

Licensing - There is only one performance obligation for Licensing which is to deliver HybriU solution to customers as a combination of software, user manuals, technical documentation and other related materials, which customers can benefit alongside ready-made resources. Revenue for Licensing is recognized at point in time which is upon delivery of HybriU solution because the solution is considered as functional intellectual property due to the solution has significant standalone functionality, and the Company does not expect to substantively change that functionality which will significantly affect the utility of the solution after delivery.

PXED Not tagged

Annual filing released 2025-11-20 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

AMBO Material

Annual filing released 2025-03-28 · GPT 6 Luna

In today’s fast-paced corporate environment, effective communication and collaboration are more critical than ever. HybriU Conference revolutionizes corporate conferencing by seamlessly integrating AI intelligence with phygital (physical + digital) innovation, creating an immersive, interactive and globally connected phygital meeting and event experience. Designed for executive meetings, large-scale conferences, corporate training and hybrid events, HybriU Conference leverages cutting-edge AI, real-time engagement tools and immersive collaboration environments to bridge the gap between in-person and remote participation. Seamless Phygital Integration Unifies in-office and remote participants with synchronized audio, video and engagement tools for a true hybrid experience. AI-enhanced multi-camera tracking and streaming create a natural, in-person feel for remote attendees. 33

Licensing - There is only one performance obligation for Licensing which is to deliver HybriU solution to customers as a combination of software, user manuals, technical documentation and other related materials, which customers can benefit alongside ready-made resources. Revenue for Licensing is recognized at point in time which is upon delivery of HybriU solution because the solution is considered as functional intellectual property due to the solution has significant standalone functionality, and the Company does not expect to substantively change that functionality which will significantly affect the utility of the solution after delivery.

PXED Not tagged

Annual filing released 2025-11-20 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

AMBO Material

Annual filing released 2025-03-28 · GPT 6 Luna

In June 2024, we entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD, a Singapore company. This agreement grants licensing authorization for the production of the HybriU AI UniBox and the sale of HybriU, a comprehensive AI-driven, plug-and-play educational solution, in international markets. The agreement aligns with Ambow’s mission to advance the future of education and empower educators and students globally. Principal Executive Office

Licensing - There is only one performance obligation for Licensing which is to deliver HybriU solution to customers as a combination of software, user manuals, technical documentation and other related materials, which customers can benefit alongside ready-made resources. Revenue for Licensing is recognized at point in time which is upon delivery of HybriU solution because the solution is considered as functional intellectual property due to the solution has significant standalone functionality, and the Company does not expect to substantively change that functionality which will significantly affect the utility of the solution after delivery.

PXED Not tagged

Annual filing released 2025-11-20 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

AMBO Material

Annual filing released 2025-03-28 · GPT 6 Luna

Live transcription and translation break language barriers and enable seamless global collaboration. Supports dozens of languages for enhanced accessibility and engagement across international teams. 34 Scalable & Customizable Solutions Tailored to organizations of all sizes—from small team huddles to large enterprise conferences. Flexible integration with existing enterprise communication systems and customizable features to meet specific business needs. Future-Proof & Plug-and-Play Integration Easy setup with existing conferencing platforms (Microsoft Teams, Zoom, Webex, Slack, etc.). Designed to evolve with future technologies, ensuring a long-term, adaptable conferencing solution. Executive Board Meetings – Enhance strategic discussions with AI-powered insights, automated note-taking and seamless hybrid collaboration.

Licensing - There is only one performance obligation for Licensing which is to deliver HybriU solution to customers as a combination of software, user manuals, technical documentation and other related materials, which customers can benefit alongside ready-made resources. Revenue for Licensing is recognized at point in time which is upon delivery of HybriU solution because the solution is considered as functional intellectual property due to the solution has significant standalone functionality, and the Company does not expect to substantively change that functionality which will significantly affect the utility of the solution after delivery.

PXED Not tagged

Annual filing released 2025-11-20 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

AMBO Material

Annual filing released 2025-03-28 · GPT 6 Luna

HybriU Education is an AI + 3D hardware and software solution that seamlessly integrates digital and physical classrooms, enhancing teaching and engagement to deliver an immersive, flexible and accessible education. HybriU Conference revolutionizes corporate conferencing by seamlessly integrating AI intelligence with phygital (physical + digital) innovation, creating an immersive, interactive and globally connected phygital meeting and event experience. 28 Student recruitment and retention

To transform how the world learns, connects and collaborates—by merging the physical and digital into one seamless, intelligent experience. HybriU envisions a borderless world where education, business, and events transcend distance, time zones and language. Powered by AI and driven by purpose, HybriU turns classrooms, boardrooms and global stages into immersive phygital (physical + digital) environments where people truly connect. HybriU Education Transforming Schools, Colleges and Training Centers with Immersive, Synchronized Phygital Experiences HybriU Education is an AI + 3D hardware and software solution that seamlessly integrates digital and physical classrooms, enhancing teaching and engagement to deliver an immersive, flexible and accessible education.

PXED Not tagged

Annual filing released 2025-11-20 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

AMBO Material

Annual filing released 2025-03-28 · GPT 6 Luna

Licensing - There is only one performance obligation for Licensing which is to deliver HybriU solution to customers as a combination of software, user manuals, technical documentation and other related materials, which customers can benefit alongside ready-made resources. Revenue for Licensing is recognized at point in time which is upon delivery of HybriU solution because the solution is considered as functional intellectual property due to the solution has significant standalone functionality, and the Company does not expect to substantively change that functionality which will significantly affect the utility of the solution after delivery.

$ 20,566 $ 17,371 The accompanying notes are an integral part of these consolidated financial statements. F-6 AMBOW EDUCATION HOLDING LTD. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (All amounts in thousands, except for share and per share data) Years ended December 31, Note 2022 2023 2024 Note 3(b) NET REVENUES - Educational programs and services $ 14,840 $ 9,163 $ 7,468 - HybriU licensing — — 1,924 Total net revenues 14,840 9,163 9,392 COST OF REVENUES - Educational programs and services (14,556 ) (6,669 ) (4,405 ) GROSS PROFIT 284 2,494 4,987 OPERATING EXPENSES Selling and marketing (1,487 ) (1,051 ) (1,013 ) General and administrative

PXED Not tagged

Annual filing released 2025-11-20 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

AMBO Material

Annual filing released 2025-03-28 · GPT 6 Luna

Licensing - There is only one performance obligation for Licensing which is to deliver HybriU solution to customers as a combination of software, user manuals, technical documentation and other related materials, which customers can benefit alongside ready-made resources. Revenue for Licensing is recognized at point in time which is upon delivery of HybriU solution because the solution is considered as functional intellectual property due to the solution has significant standalone functionality, and the Company does not expect to substantively change that functionality which will significantly affect the utility of the solution after delivery.

$ 20,566 $ 17,371 The accompanying notes are an integral part of these consolidated financial statements. F-6 AMBOW EDUCATION HOLDING LTD. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (All amounts in thousands, except for share and per share data) Years ended December 31, Note 2022 2023 2024 Note 3(b) NET REVENUES - Educational programs and services $ 14,840 $ 9,163 $ 7,468 - HybriU licensing — — 1,924 Total net revenues 14,840 9,163 9,392 COST OF REVENUES - Educational programs and services (14,556 ) (6,669 ) (4,405 ) GROSS PROFIT 284 2,494 4,987 OPERATING EXPENSES Selling and marketing (1,487 ) (1,051 ) (1,013 ) General and administrative

PXED Not tagged

Annual filing released 2025-11-20 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.