Four Seasons Education (Cayman) Inc. provides after-school education services for kindergarten, elementary, and middle school students in the People's Republic of China. It also offers consulting service. The company was founded in 2007 and is headquartered in Shanghai, the People's Republic of China.
SHANGHAI , Dec. 29, 2023 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a tourism and education-related service provider in China, today announced that the Company has entered into a facility agreement (the "Facility Agreement") with China Merchants Bank Co.,Ltd. Singapore Branch for an uncommitted credit facility up to RMB110 million (in USD equivalent), which will be utilized to provide credit support for a domestic fixed assets loan (the "Loan") of RMB90 million.
SHANGHAI , Nov. 22, 2023 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a tourism and education-related service provider in China, today announced its unaudited financial results for the first half of fiscal year 2024, ended August 31, 2023. Financial and Operational Highlights for the First Half of Fiscal Year 2024 Revenue increased by 347.5% to RMB61.8 million (US$8.5 million), compared to RMB13.8 million in the same period of last year.
Four Seasons Education (Cayman) Inc (NYSE: FEDU) board of directors has approved a share repurchase of its ordinary shares in the form of ADSs of up to $15.0 million during the next twelve-month period. The company plans to fund the repurchase program with available working capital, existing cash balance, or future cash provided by operating activities.
SHANGHAI, Sept. 23, 2021 /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 that effective on September 23, 2021, the board of directors of the Company (the "Board") approved a share repurchase program whereby Four Seasons Education is authorized to repurchase its own ordinary shares in the form of American depositary shares ("ADSs") with an aggregate value of up to US$15.0 million during the next twelve-month period.
SHANGHAI, July 26, 2021 /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, announced that, on July 24, 2021, China's official state media, including Xinhua News Agency and China Central Television, announced the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education (the "Opinion"), issued by the General Office of the CPC Central Committee and the General Office of the State Council. The Opinion contains high-level policy directives about requirements and restrictions related to after-school tutoring services, including (i) institutions providing after-school tutoring services on academic subjects to students at China's compulsory education stage, or Academic AST Institutions, need to be registered as non-profit, no approval will be granted to new Academic AST Institutions, and an approval mechanism will be adopted for online Academic AST Institutions; (ii) foreign ownership in Academic AST Institutions is prohibited, including through contractual arrangements, and Academic AST Institutions in violation need to rectify the situation; (iii) listed companies are prohibited from raising capital to invest in businesses that teach academic subjects in compulsory education; (iv) Academic AST Institutions are prohibited from providing tutoring services on academic subjects in compulsory education during public holidays, weekends and school breaks; and (v) Academic AST Institutions must follow the fee standards to be established by relevant authorities.
SHANGHAI , July 9, 2021 /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 that it has received a letter from the New York Stock Exchange (the "NYSE") dated June 22, 2021, notifying Four Seasons Education that it is below compliance standards due to the trading price of Four Seasons Education's American depositary shares (the "ADSs"). Pursuant to NYSE rule 802.01C, a company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than $1.00 over a consecutive 30 trading-day period.
SHANGHAI, July 2, 2021 /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 that it filed its annual report on Form 20-F for the fiscal year ended February 28, 2021, with the Securities and Exchange Commission. The annual report can be accessed on the Company's investor relations website at http://ir.sijiedu.com and on the SEC's website at www.sec.gov.
SHANGHAI, May 13, 2021 /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 its unaudited financial results for the fourth quarter and fiscal year 2021, ended February 28, 2021. Fourth Quarter Fiscal Year 2021 Financial and Operational Highlights Revenue was RMB70.2 million (US$10.8 million), compared with RMB71.1 million in the same period of last year.