UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



FORM 20-F/A

(Amendment No. 1)



(Mark One)



| ̈  | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934                                 
|-- | -------------------------------------------------------------------------------------------------------------------------------
|OR
|x  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2019
|OR
| ̈  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                       
|OR
| ̈  | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                            



Date of the event requiring this shell company report _________________



Commission file number: 001-34824



|AMBOW EDUCATION HOLDING LTD.                                                                                                                                                                                                                                                     
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(Exact name of Registrant as specified in its charter)                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                 
|Not Applicable                                                                                                                                                                                                                                                                   
|(Translation of Registrant’s name into English)                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                 
|Cayman Islands                                                                                                                                                                                                                                                                   
|(Jurisdiction of incorporation or organization)                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                 
|12th Floor, Tower 1, Financial Street,
        Chang’an Center, Shijingshan District,
        Beijing
        100043
        People’s Republic of China                                                                                                                          
|(Address of principal executive offices)                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                 
|Kia Jing Tan, Chief Financial Officer
        12th Floor, Tower 1, Financial Street,
        Chang’an Center, Shijingshan District,
        Beijing
        100043
        People’s Republic of China
        Telephone: +86 (10) 6206-8000
        Facsimile: +86 (10) 6206-8100
|(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)                                                                                                                                                                                          



Securities registered or to be registered pursuant to Section 12(b) of
the Act:



|Title of each class                                                                                                             | Trading symbol(s) | Name of each exchange on which registered
|------------------------------------------------------------------------------------------------------------------------------- | ----------------- | -----------------------------------------
|American depositary shares (one American depositary share representing two Class A ordinary shares, par value $0.003 per share) | AMBO              | NYSE American LLC                        
|                                                                                                                                |                   |                                          
|Class A Ordinary Shares, par value $0.003 per share*                                                                            |                   | NYSE American LLC                        

*Not for trading, but only in connection with the listing
on the NYSE American



Securities registered or to be registered pursuant to Section 12(g) of
the Act:



|None
|----



|Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:
|------------------------------------------------------------------------------------------
|                                                                                          
|None                                                                                      



Indicate the number of outstanding shares of each of the issuer’s
classes of capital stock as of the close of the period covered by this report.



| | 38,858,199 Class A Ordinary Shares and
        4,708,415 Class C Ordinary Shares,
        par value $0.003 per share, as of December
        31, 2019
| | -----------------------------------------------------------------------------------------------------------------------------------------------------



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.

 ̈
Yes x No



If this report is an annual or transition report, indicate by
check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934.

 ̈
Yes x No



Indicate by check mark whether the registrant: (1) has
filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

x
Yes  ̈ No



Indicate by check mark whether the registrant has submitted
electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

x
Yes  ̈ No



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of “large accelerated
filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.



|Large accelerated filer  ̈ |  | Accelerated filer  ̈ |  | Non-accelerated filer x  
|------------------------- |  | ------------------- |  | -------------------------
|                          |  |                     |  | Emerging Growth Company  ̈



If an emerging growth company that prepares its financial statements
in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.
 ̈



† The term “new or revised financial accounting
standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification
after April 5, 2012.



Indicate by check mark which basis of accounting the registrant
has used to prepare the financial statements included in this filing:



|U.S. GAAP x |  | International Financial Reporting Standards as issued
by the International Accounting Standards Board  ̈ |  | Other  ̈
|----------- |  | ------------------------------------------------------------------------------------------------------- |  | -------





If “Other” has been checked in response to the previous
question, indicate by check mark which financial statement item the registrant has elected to follow.

 ̈
Item 17  ̈ Item 18



If this is an annual report, indicate by check mark whether
the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 ̈
Yes x No




















EXPLANATORY NOTE



This Amendment No. 1 (the “Amendment No. 1”) to
the Annual Report on Form 20-F for the fiscal year ended December 31, 2019 originally filed with the Securities and Exchange Commission
(the “SEC”) on April 22, 2020 (the “2019 Form 20-F”) is being filed solely to include Exhibit 23.1 Consent
of Marcum Bernstein & Pinchuk LLP, Independent Registered Public Accounting Firm, as this consent was inadvertently omitted
in the 2019 Form 20-F. The inclusion of this consent is the only change to the 2019 Form 20-F.



This Amendment No. 1 speaks as of the filing date of the 2019 Form 20-F on April 22, 2020. Other than as expressly set forth above, this Amendment No. 1 does not, and does not purport to, amend,
update or restate the information in the 2019 Form 20-F, or reflect any events that have occurred after the 2019 Form 20-F was
originally filed.



As required by Rule 12b-15 of the Securities and Exchange Act
of 1934, as amended, we are also filing the certifications required under Section 302 of the Sarbanes Oxley Act of 2002 as exhibits
to this Amendment No. 1.











INDEX TO EXHIBITS



|Exhibit
        Number |  | Title                                                                                                   
|---------------------- |  | --------------------------------------------------------------------------------------------------------
|                       |  |                                                                                                         
|8.1                    |  | List of Subsidiaries and Consolidated Affiliated Entities**                                             
|12.1                   |  | Certification by Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* 
|12.2                   |  | Certification by Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*     
|13.1                   |  | Certification by Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**
|13.2                   |  | Certification by Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**    
|23.1                   |  | Consent of Marcum Bernstein & Pinchuk LLP, Independent Registered
        Public Accounting Firm*       
|101.INS                |  | XBRL Instance Document**                                                                                
|101.SCH                |  | XBRL Taxonomy Extension Schema Document**                                                               
|101.CAL                |  | XBRL Taxonomy Extension Calculation Linkbase Document**                                                 
|101.DEF                |  | XBRL Taxonomy Extension Definition Linkbase Document**                                                  
|101.LAB                |  | XBRL Taxonomy Extension Label Linkbase Document**                                                       
|101.PRE                |  | XBRL Taxonomy Extension Presentation Linkbase**                                                         





| | * | Filed herewith
| | - | --------------

| | ** | Previously filed with the Company’s Annual Report
on Form 20-F, filed with the Securities and Exchange Commission on April 22, 2020.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------











SIGNATURE



The registrant hereby certifies that it meets all of the requirements
for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this Amendment No. 1 to annual
report on Form 20-F for the fiscal year ended December 31, 2019 on its behalf.



|                         | AMBOW EDUCATION HOLDING LTD.
|------------------------ | ----------------------------
|                         | (Registrant)                
|                         |                             
|                         | By:                         
|                         |                             
|                         |                             
|                         |                             
|                         |                             
|                         | By:                         
|                         |                             
|                         |                             
|                         |                             
|                         |                             
|Date: September 30, 2020 |