HTFL’s Client Meten Holding Group Ltd. Successfully Closed its Registered Direct Offering of $20 Million

November 12, 2021

Ying Li

Guillaume de Sampigny

Meten Holding Group Ltd. (the “Company”), an omnichannel English language training service provider in China, today announced the closing of its registered direct offering (“Offering”) of 33,333,334 ordinary shares, par value $0.0001 per share, at a purchase price of US0.60 per ordinary share to certain buyers. The Company received aggregate gross proceeds of US$20 million from this Offering, before deducting placement agent fees and other related expenses. The Company intends to use the net proceeds from this Offering for capital expenditures and general corporate and working capital purposes.

Hunter Taubman Fischer & Li LLC (the “Firm”) acted as U.S. counsel to the Company. Hunter Taubman Fischer & Li LLC is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.