UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of January 2022

 

Commission File Number: 001-39258

 

METEN HOLDING GROUP LTD.

(Translation of registrant’s name into English)

 

3rd Floor, Tower A

Tagen Knowledge & Innovation Center

2nd Shenyun West Road, Nanshan District

Shenzhen, Guangdong Province 518000

People’s Republic of China

(Address of principal executive offices) 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F       Form 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

 

 

 

 

On January 4, 2022, Meten Holding Group Ltd., a company incorporated under the laws of the Cayman Islands (the “Company”), released its unaudited consolidated balance sheet as of September 30, 2021, prepared in accordance with generally accepted accounting principles in the United States. A copy of the Company’s unaudited consolidated balance sheet as of September 30, 2021 is attached hereto as Exhibit 99.1.

 

As of January 4, 2022, the Company has 341,142,844 ordinary shares, par value $0.0001 per share, issued and outstanding.

 

1

 

 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

Statements in this current report with respect to the Company’s current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of the Company. Forward-looking statements include, but are not limited to, those statements using words such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “forecast,” “estimate,” “project,” “anticipate,” “aim,” “intend,” “seek,” “may,” “might,” “could” or “should,” and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management’s assumptions, judgments and beliefs in light of the information currently available to it. The Company cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, including but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the U.S. Securities and Exchange Commission. Therefore, investors should not place undue reliance on such forward-looking statements. Actual results may differ significantly from those set forth in the forward-looking statements.

 

All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

 

2

 

 

Exhibits

 

Exhibit No.   Description
99.1   Unaudited Consolidated Balance Sheet as of September 30, 2021

  

3

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: January 4, 2022

  

  Meten Holding Group Ltd.
     
  By: /s/ Siguang Peng
  Name:   Siguang Peng
  Title: Chief Executive Officer

 

 

4

 

Exhibit 99.1

 

METEN HOLDING GROUP LTD

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In thousands of RMB, except share data and per share data, or otherwise noted)

 

   December 31,
2020
   September 30,
2021
 
   RMB’000   RMB’000   US$’000 
             
             
ASSETS            
Current assets            
Cash and cash equivalents   90,115    279,920    43,443 
Contract assets   6,194    3,193    496 
Accounts receivable, net   27,013    13,043    2,024 
Other contract costs   47,125    27,011    4,192 
Prepayments and other current assets   50,658    39,094    6,067 
Amounts due from related parties   7,934    4,500    698 
Prepaid income tax   14,460    13,825    2,146 
                
Total current assets   243,499    380,586    59,066 
                
Non-current assets               
Restricted cash   10,358    8,715    1,353 
Other contract costs   9,316    19,427    3,015 
Equity method investments   24,552    30,632    4,754 
Property and equipment, net   146,891    113,429    17,604 
Operating lease right-of-use assets   322,559    249,219    38,678 
Intangible assets, net   19,337    15,114    2,346 
Deferred tax assets   6,997    3,906    606 
Goodwill   274,567    242,962    37,707 
Long-term prepayments and other non-current assets   40,754    34,583    5,369 
                
Total non-current assets   855,331    717,987    111,432 
                
Total assets   1,098,830    1,098,573    170,498 

 

 

 

 

   December 31,
2020
   September 30,
2021
 
   RMB’000   RMB’000   US$’000 
             
             
Current liabilities            
    17,013    19,765    3,067 
Bank loans   133,900    18,350    2,848 
Deferred revenue   341,934    281,748    43,727 
Salary and welfare payable   67,609    50,594    7,852 
Financial liabilities from contracts with customers   384,561    308,607    47,895 
Accrued expenses and other payables   46,030    14,952    2,321 
Income taxes payable   267    409    63 
Amounts due to related parties   50,192    -    - 
Current operating lease liabilities   131,151    108,362    16,818 
Total current liabilities   1,172,657    802,787    124,591 
                
Non-current liabilities               
Deferred revenue   46,927    53,291    8,271 
Deferred tax liabilities   7,661    5,198    807 
Operating lease liabilities   200,409    142,164    22,064 
Non-current tax payable   33,718    33,885    5,259 
                
Total non-current liabilities   288,715    234,538    36,401 
                
Total liabilities   1,461,372    1,037,325    160,992 

 

2

 

 

   December 31,
2020
   September 30,
2021
 
   RMB’000   RMB’000   US$’000 
             
             
Shareholders’ equity (deficit)            
Ordinary shares   37    132    20 
Additional paid-in capital   557,535    1,326,229    205,828 
Accumulated deficit   (936,247)   (1,272,973)   (197,562)
                
Total equity (deficit) attributable to shareholders of the Company   (378,675)   53,388    8,286 
Non-controlling interests   16,133    7,860    1,220 
                
Total equity (deficit)   (362,542)   61,248    9,506 
                
Commitments and contingencies   -    -    - 
                
Total liabilities and shareholders’ equity (deficit)   1,098,830    1,098,573    170,498 

 

 

3