Enters into Strategic Cooperation Agreement with Guangdong Baiyun Universityof China Education Group
Ride on the National Development of Industry-Education Integration to Optimize its Human Resources Eco-system
[Hong Kong－31 December 2021] Renrui Human Resources Technology Holdings Limited (“Renrui HR” or the“Company”, together with its subsidiaries, the“Group”) (HKEX: 6919) is pleased to announce that it has entered into a strategic cooperation agreement (the “Agreement”) with Guangdong Baiyun University, an university under China Education Group Holdings limited(“China Education Group”)(HKEX:0839). The two parties intend to strengthen the cooperation between the school and enterprise, by leveraging the resources of both parties, especially in the field of education and training, in order to increase the employment rate of graduates and the quality of individual’s career development. The cooperation would represent yet another showcase of industry-education integration, allowing graduates to achieve seamless transition from school to real workplaces.
China Education Group is the largest listed higher and secondary vocational education group in China. China Education Group enjoys a leading market position with its well-established school network of 12 schools. As of November 2021, its total student enrollment reached approximately 280,000, representing a rich pool of young talents. Guangdong Baiyun University is one of China Education Group’s operating colleges, focusing on cultivating high-quality professional talents under the "3+1" school-enterprise collaborative model. This represents a good match with Renrui HR, a leading comprehensive human resources service provider in China, which strives to re-engineer the traditional HR services through technology innovations and solve the recruitment issues of established enterprises, while creating a large pool of qualified talents and promoting individual’s career development.
Pursuant to the Agreement, each year Guangdong Baiyun University will select a certain number of students to participate in the corporates’ internship programs offered by Renrui HR, whereas Renrui HR will provide them with priority access to campus recruitment activities such as offline job fairs and seminars, as well as internship opportunities at established enterprises.
Mr. Zhang Jianguo, Chairman and Chief Executive Officer of Renrui Human Resources Technology Holdings Limited, commented, “The State Council of the PRC passedthe‘14th Five-Year Plan on Vocational Training’ in December 2021, which clearly expressed its support towards vocational schools and training institutions, in order to enhance employment and boost entrepreneurial capabilities of college graduates. As a result, the quality of workforce in China is expected to further improve, which will open up unprecedented opportunity for the human resources industry. The strategic cooperation would allow us to dig deep into the talent pool of colleges, optimizing our human resource eco-system, and in turn, provide better human resource solutions to our clients, and generate higher returns for all the stakeholders.”
China Education Group Holdings Limited, added, “As an educator, one of our key responsibilities is to cultivate talents and breed diversity, while promoting skills application and self-actualization in the form of employment. From our point of view, the strategic cooperation is not only amanifestation of growing industry-education integration, but also acting as a key channel for our students to gain real-life business practices. Going forward, we will strengthen our collaboration withRenrui HR, in order to lay a solid platform for students to learn and to grow, as well as to satisfy China’s changing HR demand as it enters a new stage of development.”
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About Renrui Human Resources Technology Holdings Limited
Renrui HR is a fast-growing pioneer in HR solutions in China, as well as the strategic partner of many industry leaders in new economy industries. Renrui HR’s business includes Comprehensive Flexible Staffing Services, Professional Recruitment, OC SaaS, and overseas human resource services. The Company has reinvented traditional human resources services with comprehensive digital and cutting-edge technology. Its one-stop ecological system not only allows Renrui HR to serve its customers across the nation, but it also effectively solves large-scale talent recruitment and management problems in China. In July 2021, the Group launched China’s first Organizational Capacity SaaS service cloud platform, Rui Xiang Cloud. Currently, Renrui HR operates more than 48 branch offices across China, with business coverage in over 300 cities, and has over 51,000 comprehensive flexible staffing employees as of 30 November 2021.
Company website:http://www.renruihr.com/
This press release is issued by DLK Advisory Limited on behalf of Renrui Human Resources Technology Holdings Limited.
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