BEIJING, July 30, 2021 /PRNewswire/ -- First High-School
Education Group Co., Ltd. ("First High-School Education Group" or
the "Company") (NYSE: FHS), the largest
operator of private high schools in Western China and third largest operator in
China[1], today
announced that all its existing tutorial schools for Gaokao
repeaters have begun instruction. Among the seven provinces where
the Company has newly opened schools, those in three provinces have
begun instruction. The schools in the other four provinces have
completed campus preparations, and instruction will begin in this
August. This marks the latest development following the Company's
strategic business plan across China under the favorable situation, where
many provinces prohibit public schools from operating Gaokao
repeaters business. The Company continues to leverage the
advantages of private education mechanisms to grasp development
opportunities deriving from the integration between vocational and
academic education at the high school level.
The Company's board of directors believes that the Company's
smooth expansion of its business nationwide is attributed to the
high-quality development across all its schools in compliance with
laws and regulations, its strong organic growth, and
the high recognition of its schools' excellence from
a vast number of students and parents. The Company believes that by
providing students with quality education opportunities at all its
schools, they will have greater opportunities to successfully
participate in the university entrance examination and realize
their dreams of receiving quality higher education.
Currently, the relevant education policies and
regulations promulgated in China have not had any negative impact on the
development of the Company's high school and Gaokao repeaters'
tutorial schools. Regarding the "Regulations for the Implementation
of Private Education Promotion Law" which will take effect on
September 1, 2021, the First
High-School Education Group has conducted in-depth studies and will
continue to perform education responsibilities in full compliance
with national regulations.
About First High-School Education Group
First High-School Education Group is the largest operator of
private high schools in Western China and the third
largest operator in China[1]. First High-School
Education Group has a network of 19 schools, offering 14 high
school programs, seven middle school programs and four tutorial
school programs for Gaokao repeaters, as of December 31, 2020.
All of schools of the Company are strategically located
in Western China. The Company aspires to become a leader and
innovator of private high school education in China. For more
information, please visit https://ir.diyi.top/.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
"forward-looking statements" within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements relating to the expected trading
commencement and closing dates. The words "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may," "plan,"
"potential," "predict," "project," "should," "target," "will,"
"would" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Actual results may
differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the
uncertainties related to market conditions and the completion of
the public offering on the anticipated terms or at all, and other
factors discussed in the "Risk Factors" section of the preliminary
prospectus filed with the SEC. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and the Company specifically disclaims any obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
[1] In terms of
student enrollment as of December 31, 2019, according to an
industry report commissioned by First High-School Education Group
and prepared by China Insights Industry Consultancy
Limited.
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For Investor and Media Inquiries Please Contact:
In China:
First High-School Education Group
Lillian Liu
Tel: +86-13062818313
E-mail: liuyi@dygz.com
The Blueshirt Group
Ms. Susie Wang
Phone: +86 138-1081-7475
Email: susie@blueshirtgroup.com
In the United States:
The Blueshirt Group
Ms. Julia Qian
Phone: +1 973-619-3227
Email: Julia@blueshirtgroup.com
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SOURCE First High-School Education Group Co., Ltd