Rider University Chapter of the AAUP
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  • Saving WCC
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    • Important Information on Campus Consolidation
    • Chinese Company Out As Buyer Of Westminster Choir College
    • Kaiwen is Gone
    • Kaiwen Education Reply to a June 2019 Inquiry from the Shenzhen Stock Exchange
    • Update on Kaiwen Education's Financial Status
    • Arbitration Over Layoffs at WCC
    • Kaiwen Education 2018 Annual Report
    • By Federal Reserve Standards Kaiwen Education is a Highly Leveraged and Risky Business
    • Two Updates on Kaiwen's Finances
    • Due Diligence and Kaiwen Education
    • Chronology of a Crisis
    • WCC Reset
    • New Jersey Attorney General’s Office Delivers Major Setback to Rider University’s Plan to Sell Westminster Choir College
    • Westminster Foundation Press Release on AG Investigation
    • Purchase Agreement
    • Faculty Shocked to Learn Secret Agreement Would Allow Buyer to Close Westminster Choir College
    • Universities as the Guardians of Assets
    • Press Release Kaiwen Finances
    • 2019 Report on Kaiwen
    • DejaVuDellOmo
    • Kaiwen Announcement 1/11/19
    • AAUP Goes to the NJ Assembly
    • Sign the Petition to Save WCC
    • WWCAC Letter November 8 2018
    • Kaiwen Education: Report on Company Performance Through the Third Quarter 2018
    • New Information Reveals Chinese Corporation Plans to Take $20 Million Westminster Choir College Endowment despite Prohibitions Imposed by State/Federal Law
    • More Bad News about Kaiwen
    • Claims v. Reality
    • AAUP Challenges Legitimacy of Newly announced Non-Profit Said To Be Created To Run Westminster Choir College
    • Label Your Stuff!
    • WCC Alumni Council Questions and Answers
    • Statement on Proposed Sale of Westminster Choir College Faculty Union Vows to Continue Oppose ill-conceived Sale of Iconic Music School
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      • A Letter to WCC Faculty regarding President Dell'Omo's Letter
      • Open Letter to Board of Trustees
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      • A Message from AAUP regarding the potential layoff of Westminster Faculty
      • ​Update on Westminster
    • Press Releases >
      • Outrage Over Rider University's Plan To Sell Legendary Choir College To Chinese For-Profit Company With No Experience in Higher Education
      • DellOmo Lays Off Entire WCC Faculty
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      • The Coalition to Save Westminster Choir College Initiates Spin-Off Discussions With Rider University Administration
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      • Eric Whitacre Praises Westminster
      • Statement of support from NJ Higher Ed Leadership Council.
      • Support for Westminster Choir College
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      • Have American Universities Lost Their Way? by Joel Phillips
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      • Save Rider Rally
Two Updates on Kaiwen's Finances

Abstract: In 2018, Kevin Education achieved a revenue of 242 million yuan,
a year-on-year decrease of 61.01%; the net profit was -979.542 million yuan,
a year-on-year decrease of 521.14%.

Whale Media News. On April 18, Kevin Education released the 2018 annual report. In 2018, Kevin Education achieved revenue of 242 million yuan, a year-on-year decrease of 61.01%; the net profit was -979.542 million yuan, a year-on-year decrease of 521.14%.

Kevin Education takes “K12 Entity School + Sports, Art, Technology Training + Camp Education + Brand Export” as its business model, and relies on physical schools to obtain resource background, brand effect and audience, with sports training, art training and technology training. Camp education, brand output and upstream and downstream training are profitable points to carry out education and related businesses.

During the reporting period (2018), Kevin Education's subsidiaries, such as Wenhua Xuexin (one of the signers of the Rider-Kaiwen Purchase and Sales Agreement), Wenkaixing (Kaiwen subsidiary owning Kaiwen’s Beijing Chaoyang K-12 school) and Kaiwen Literature, all suffered losses. In May 2017, Wenhua Xuexin completed the acquisition of Kevin Ruixin. In 2018, the subsidiary Kevin Ruixin realized a net profit after tax of 8,334,900 yuan. Kevin Ruixin specializes in language training and customizes individualized courses according to customer needs.

In the field of international schools, Kaiwen Education currently has two K12 International Education Schools in Beijing, namely Beijing Haidian Kewen School and Beijing Chaoyang District Kaiwen School. The two Kevin schools offer K12 international education integrating elementary school, junior high school and high school, and adopt a “small class” teaching mode of 20-25 people per class.

Haidian Kewen School adopts a bilingual curriculum system, which implements bilingual teaching throughout the school, and implements a full-class dual-class teacher and tutor system. The school can accommodate about 1,500 students. Chaoyang Kewen School adopts the IB curriculum system, which is divided into bilingual teaching, and implements Chinese and foreign double-class teacher system and tutor system teaching. The school can accommodate about 4,000 students.

In the field of sports training and camp education, Kevin Education takes its wholly-owned subsidiary Kevin Sports as its development platform and relies on the physical school to integrate the educational resources in the campus and establish cooperative relationships with internationally renowned sports companies. The school provides professionalized physical education courses, and conducts customized and professional sports training, camp education and youth sports events for the society.

In the field of art education, Kevin Education has introduced other art education resources, and continues to exert its strength in the art fields such as drama, music, dance, visual arts and traditional culture. In the field of science and technology education, Kevin Education has established a STEM curriculum system, as well as a special training program for various events, and cooperated with a number of science and technology museums and museums to implement experiential research. In terms of brand output and training, Kevin Education's Education Research Institute integrates domestic and international international education concepts and systems, establishes a talent system for teacher discovery and reserve, and develops international teacher training, education systems and teaching materials research and development systems. The management service output platform of the brand.

On June 21, 2018, Kevin Xuexin, a wholly-owned subsidiary of Kevin Education, signed an Acquisition and Sale Agreement with Rider University, and Wenhua Xuexin, a subsidiary established in New Jersey, USA, Princeton Westminster International Co., Ltd. acquired the Westminster Choir College, Westminster Conservatory of Music and Weiss, under the terms of the Acquisition and Sale Agreement. The relevant assets of Westminster Continuing Education and its subsequent operations. The three colleges of Westminster are located in New Jersey, USA, and are affiliated with Reed University, specializing in music and art education. After the completion of the acquisition, Kevin Education's business chain will extend to the higher education stage.

In the 2018 Annual Report, Kevin Education introduced the current development strategy goals. Kevin Education will rely on the resources of the entity school to strengthen the international education industry ecological chain, and cooperate in sports education, visual arts, physical art, vocal music training, study abroad, cultural exchanges, etc., to further realize "Kevin Sports" and "Kai The market-oriented operation of “Art of Literature” and “Kevin Technology” provides quality education services for young people aged 4-18.

For future business plans, Kevin Education plans to build a number of fully functional youth quality and quality education platforms in first- and second-tier cities such as Beijing and Tianjin, where demand for quality education is strong; connect online education platforms with offline high-end educational institutions. The abundant educational resources under the line promote the promotion of online platforms; use the marketing of online platforms to promote the enrollment of offline schools, and then build the education industry chain.
Source: http://www.jingmeiti.com/archives/36337
April 18, 2019

 EXCERPTS FROM ANOTHER POSTING ON KAIWEN EDUCATION
BY BLUE WHALE MEDIA ON THE SAME DAY 

​In 2018, Kevin Education’s net profit for the four quarters was all negative.

It is reported that at the end of 2017, the Zhongtai Bridge, which was originally the main bridge steel structure business, was renamed Kevin Education and became the first listed company in China to enter the K12 international education field.

The data shows that in 2013, Kevin Education's net profit began to decline, and has been struggling on the loss line for several years. In 2017, it turned around and turned a profit. However, in the first year of its transition to pure education business (2018), the company's net profit turned into a loss, and the [2018 annual report] was not optimistic.

Source: http://www.sohu.com/a/308829293_250147  
April 18, 2019  

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  • Home
  • About
    • Mission Statement
    • Chapter Meeting Minutes
    • Presentations from AAUP Meetings
    • Meeting Dates 21-22
    • Points of Contact
    • AAUP Officers
    • AAUP Awards >
      • Bertram Mott Award
      • Henry J. Frank Award
    • P&T Committee Members
    • APC Committee Members
    • UAPC Committees
    • Training for College/School Academic Policy Committee Members
    • CIM Training Video
    • Membership
    • Assumption of Risk and Waiver Form for Employees that is required for travel funds
  • Contract
  • Grievances
    • Grievance Process
    • Amendments to Grievance Process, Updated April 2016
    • Grievance Procedure Explained
  • Constitution
    • I - Name
    • II - Purpose
    • III - Membership
    • IV - Dues
    • V - Chapter Officers
    • VI - Committees
    • VII - Election of Officers
    • VIII - Removal of Officers
    • IX - Disciplining of Members
    • X - Meetings
    • XI - Contract Ratification
    • XII - Finance
    • XIII - Amendments
  • Saving WCC
    • Decision on Standing Lawsuit
    • AAUP Response to Provost Fredeen's October 2nd Email
    • Important Information on Campus Consolidation
    • Chinese Company Out As Buyer Of Westminster Choir College
    • Kaiwen is Gone
    • Kaiwen Education Reply to a June 2019 Inquiry from the Shenzhen Stock Exchange
    • Update on Kaiwen Education's Financial Status
    • Arbitration Over Layoffs at WCC
    • Kaiwen Education 2018 Annual Report
    • By Federal Reserve Standards Kaiwen Education is a Highly Leveraged and Risky Business
    • Two Updates on Kaiwen's Finances
    • Due Diligence and Kaiwen Education
    • Chronology of a Crisis
    • WCC Reset
    • New Jersey Attorney General’s Office Delivers Major Setback to Rider University’s Plan to Sell Westminster Choir College
    • Westminster Foundation Press Release on AG Investigation
    • Purchase Agreement
    • Faculty Shocked to Learn Secret Agreement Would Allow Buyer to Close Westminster Choir College
    • Universities as the Guardians of Assets
    • Press Release Kaiwen Finances
    • 2019 Report on Kaiwen
    • DejaVuDellOmo
    • Kaiwen Announcement 1/11/19
    • AAUP Goes to the NJ Assembly
    • Sign the Petition to Save WCC
    • WWCAC Letter November 8 2018
    • Kaiwen Education: Report on Company Performance Through the Third Quarter 2018
    • New Information Reveals Chinese Corporation Plans to Take $20 Million Westminster Choir College Endowment despite Prohibitions Imposed by State/Federal Law
    • More Bad News about Kaiwen
    • Claims v. Reality
    • AAUP Challenges Legitimacy of Newly announced Non-Profit Said To Be Created To Run Westminster Choir College
    • Label Your Stuff!
    • WCC Alumni Council Questions and Answers
    • Statement on Proposed Sale of Westminster Choir College Faculty Union Vows to Continue Oppose ill-conceived Sale of Iconic Music School
    • June 7 Letter to Board
    • A Failure of Due Diligence
    • Bond 2017
    • Chronology of the WCC Crisis
    • Kaiwen Education Technology
    • Pending Legal Actions >
      • Legal Complaints against Rider University over Sale of WCC
    • The Legacy of Westminster Choir College
    • Updates and Information Sent to Faculty from AAUP Leadership >
      • A Letter to WCC Faculty regarding President Dell'Omo's Letter
      • Open Letter to Board of Trustees
      • Letter to Faculty
      • How a For-profit Company Might Ruin Westminster
      • A Message from AAUP regarding the potential layoff of Westminster Faculty
      • ​Update on Westminster
    • Press Releases >
      • Outrage Over Rider University's Plan To Sell Legendary Choir College To Chinese For-Profit Company With No Experience in Higher Education
      • DellOmo Lays Off Entire WCC Faculty
    • WCC Crisis in the News >
      • The Coalition to Save Westminster Choir College Initiates Spin-Off Discussions With Rider University Administration
    • Letters of Support for WCC >
      • Eric Whitacre Praises Westminster
      • Statement of support from NJ Higher Ed Leadership Council.
      • Support for Westminster Choir College
    • Teach In at WCC
    • WCC Teach In Audio >
      • Remarks by Laura Brooks Rice
      • Have American Universities Lost Their Way? by Joel Phillips
    • Governance Standards in Institutional Mergers and Acquisitions
  • 2022 Negotiations
    • Negotiation Updates
    • STRIKE FAQ
    • AAUP's Response to Admin's "Critical Need for Change"
    • AAUP v. Admin Proposals
    • CREDO >
      • Admin's Prioritization Report
      • WCC Students Petition DellOmo
      • Dr. Sanjay G. Reddy Speaks to the Chapter
      • A Bargaining Unit Member's Guide to Credo Part 1
      • A Bargaining Unit Member's Guide to Credo Part 2
      • Rider AAUP Executive Committee Recommendations Concerning Credo Consulting
      • Administration Attempts to Bully AAUP Executive Committee
      • Save Rider Rally