SHANGHAI, July 1, 2020 /PRNewswire/ -- Four Seasons
Education (Cayman) Inc. ("Four Seasons Education" or the
"Company") (NYSE: FEDU), a leading Shanghai based educational company dedicated
to providing comprehensive after-school education services with a
focus on high-quality math education, today announced the
appointment of Mr. Bing Yuan as an independent director to the
Company's board of directors (the "Board"), effective July 1, 2020. Mr. Yuan will serve as the chairman
of the compensation committee and the nominating and corporate
governance committee and a member of the audit committee. Mr. Dele
Liu has resigned as an independent director due to personal
reasons, effective July 1,
2020.
Mr. Yuan is the Chief Operating Officer of Hony Capital and a
member of Hony Capital's Executive Committee, responsible for its
equity investment operations. Prior to joining Hony Capital, Mr.
Yuan served as a managing director of the Special Situation Group
of Morgan Stanley Asia Limited from 2008 to 2009. Before that, Mr.
Yuan served as a managing director of the Investment Banking
Division at Morgan Stanley Asia Limited from April 2004 to June
2008. Prior to that, Mr. Yuan served as a Vice President
with Credit Suisse First Boston in Hong
Kong and New York from
August 1998 to March 2004, focused on corporate finance and
merger & acquisitions transactions in the technology, media and
telecom industry. During his investment banking time, Mr. Yuan has
assisted numerous prominent Chinese State-Owned Enterprises and
private sector companies in completing their IPO, corporate finance
and M&A transactions. Mr. Yuan has also worked as a financial
analyst in project finance with Fieldstone Private Equity LLP in
New York from 1993 to 1995. Mr.
Yuan received his bachelor's degree in English from Nanjing University in July 1990, and received his master's degree in
International Relations in June 1993
and his Juris Doctorate's degree in June
1998 from Yale University.
Ms. Yi (Joanne) Zuo, the Director
and Chief Executive Officer, commented, "I would like to thank Mr.
Dele Liu for his contributions to Four Seasons Education during his
tenure on the Board, and wish him all the best in his future
endeavors. I would also like to warmly welcome Mr. Bing Yuan to the
Board. We believe his leadership and extensive financial and
investment experience will add significant value to the Board as we
continue to create long-term value to our shareholders."
Safe Harbor Statement
This press release contains statements of a forward-looking
nature. These statements, including the statements relating to the
Company's future financial and operating results, are made under
the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. You can identify these
forward-looking statements by terminology such as "will,"
"expects," "believes," "anticipates," "intends," "estimates" and
similar statements. Among other things, management's quotations and
the Business Outlook section contain forward-looking statements.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the Company and the
industry. Potential risks and uncertainties include, but are not
limited to, those relating to its ability to attract new students
and retain existing students, its ability to deliver a satisfactory
learning experience and improving their academic performance, PRC
regulations and policies relating to the education industry in
China, general economic conditions
in China, and the Company's
ability to meet the standards necessary to maintain listing of its
ADSs on the NYSE or other stock exchange, including its ability to
cure any non-compliance with the NYSE's continued listing criteria.
All information provided in this press release is as of the date
hereof, and the Company undertakes no obligation to update any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results. Further
information regarding risks and uncertainties faced by the Company
is included in the Company's filings with the U.S. Securities and
Exchange Commission, including its annual reports on Form 20-F.
About Four Seasons Education (Cayman) Inc.
Four Seasons Education (Cayman) Inc. is a leading Shanghai based educational company dedicated
to providing comprehensive after-school education services with a
focus on high-quality math education. The Company's vision is to
unlock students' intellectual potential through high quality and
effective education that can profoundly benefit students' academic,
career and life prospects. The Company provides educational
programs that are primarily focused on elementary-level math and
have expanded in recent years to also include other subjects,
including physics, chemistry, and languages, and other grade
levels, including kindergarten-level and middle school-level
programs. The Company's proprietary educational content is designed
to cultivate students' interests and enhance their cognitive and
logic abilities. The Company develops its educational content
through a systematic development process and updates it regularly
based on student performance and feedback. Such process allows the
Company to effectively drive better learning outcomes and serve
students of different ages, aptitude levels and learning
objectives. The Company's faculty is led by a group of experienced
senior educators, including recognized scholars, award-winning
teachers. Over the years, the quality of the Company's education
services has been demonstrated by its student outstanding academic
performance.
For more information, please visit http://ir.sijiedu.com.
For investor and media inquiries, please contact:
In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86 (21) 6317-6678
E-mail: IR@fsesa.com
The Piacente Group, Inc.
Xi Zhang
Tel: +86 (10) 6508-0677
E-mail: fourseasons@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: fourseasons@tpg-ir.com
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SOURCE Four Seasons Education Inc.