China Liberal Education is a small Beijing-based education services company listed on Nasdaq, operating two businesses in China. The first and larger business — Integration of Enterprises and Vocational Education — partners with Chinese vocational schools to deliver job readiness training to graduating students. China Liberal develops curriculum, recruits trainers, and coordinates employer internships and post-graduation job placement. Partner schools handle student recruitment and collect tuition, then remit a fixed portion to China Liberal. Revenue is recognized over the training period, which can span several months to three years. The second business — Technological Consulting Services for Smart Campus Solutions — sells fixed-price IT consulting and infrastructure projects to Chinese universities, covering hardware such as smartboards and sensors, as well as software including student management and registrar systems. Revenue is recognized on project completion, with smaller recurring maintenance contracts following. The vocational training business carries structurally higher margins since it is primarily a labor and curriculum business, while smart campus involves hardware procurement costs. The company has historically operated colleges and run Sino-foreign academic programs, but has since divested or wound down those businesses. China Liberal is very small, with 63 employees, and all operations run through wholly-owned PRC subsidiaries under a Cayman Islands holding company.