First High-School Education Group Announces Closing of Initial Public Offering and Concurrent Private Placement

The initial public offering and the concurrent private placement raised $79,500,000 in total, in which $54,500,000 was raised by the Company, and $25,000,000 was raised by Longwater Topco B.V., the selling shareholder in the offering, before deducting underwriting discounts and commissions as well as other offering expenses.