The company said that a special committee of independent directors will carefully consider and evaluate the proposal, with the assistance of the committee's independent financial and legal advisers.
The company said it aims to enmesh more educational content with other brands such as Fisher-Price and Thomas & Friends, which are popular in China.
The company, which boasts the largest group of young fans for ACGN, is reportedly planning an initial public offering in the United States that could raise at least 0 million.
The company, which has been operating in China for 18 years, has experienced significant growth over the past few years. In 2017, its year-on-year sales revenue is expected to achieve double digit growth, one of the best in its history in China, according to Guenter Strauss, executive director Schueco Greater China.
The company said it is developing a dozen of human tissue repair products, including personalized skull and maxillofacial (relating to the jaws and face) repair system, artificial skin, blood vessels and ligament among many others, to lay the technical foundation for the future development of more advanced artificial tissues and organs.
The company, a so-called rival to Starbucks Corp in China, said on April 2 the internal probe revealed the aggregate sales amount associated with the fabricated transactions from the second quarter of 2019 to the fourth quarter of 2019 amounted to around 2.2 billion yuan.
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The company provides a range of research services, from biologics-like gene therapy, which is the manipulation of missing or defective cells to correct genetic disorders-to supporting the development of medical device products, such as testing for material and product efficiency.
The company in many ways operates like Uber, with customers able to track their personal courier (your “Postmate”) via the smartphone app. That means you’ll know if your cheeseburger or chewing gum is five or 10 minutes away.
The compensation application, which has been submitted to the Jiangxi High People's Court, consists of 10.17 million yuan for Zhang's wrongful detention, 1 million yuan for his following medical treatment, 10.17 million yuan for mental anguish and 1 million yuan for his expenses on appeal, according to Zhang's lawyer Cheng Guangxin.
The company is also working to incorporate artificial intelligence into more areas of education, such as an interactive learning system and a language ability assessment system that can improve the efficiency of learning and teaching a second language.