FEDU

Four Seasons Education Secures Standby Letter of Credit Loan Facility with China Merchants Bank

Retrieved on: 
Friday, December 29, 2023
Season, FEDU, Loan, USD, Cayman, Tourism, Education

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.

Key Points: 
  • 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.
  • The Loan will mature 84 months after the date of the Facility Agreement.
  • The purpose of the Loan is primarily to fund the construction and development of Wuyuan Siji Gongda Integrated Practical Study Camp Project.

Four Seasons Education Reports First Half of Fiscal Year 2024 Unaudited Financial Results

Retrieved on: 
Wednesday, November 22, 2023
NYSE, Investment, Tourism, Learning, Season, Student, ADS, Cayman, Marketing, GAAP, Table, Growth, FEDU, Reinsurance, Insurance, Security (finance), Bank, Tutoring

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.

Key Points: 
  • 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.
  • 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.
  • Net income was RMB5.7 million (US$0.8 million), compared to a net loss of RMB23.9 million in the same period of last year.
  • Gross profit increased by 650.1% to RMB26.7 million (US$3.7 million) in the first half of fiscal year 2024 from RMB3.6 million in the same period of last year.

Four Seasons Education Files Annual Report on Form 20-F for Fiscal Year 2023

Retrieved on: 
Wednesday, June 28, 2023
FEDU, Security (finance), IR, Cayman, ADS, Annual report, NYSE, Bank statement, Cryptocurrency, Financial adviser

SHANGHAI, June 28, 2023 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading education company, today announced that it has filed its annual report on Form 20-F for the fiscal year ended February 28, 2023, with the Securities and Exchange Commission (the "SEC").

Key Points: 
  • SHANGHAI, June 28, 2023 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading education company, today announced that it has filed its annual report on Form 20-F for the fiscal year ended February 28, 2023, with the Securities and Exchange Commission (the "SEC").
  • 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 .
  • The Company will provide a hard copy of the annual report containing its audited consolidated financial statements for the fiscal year ended February 28, 2023, free of charge, to its shareholders and ADS holders upon request.
  • Requests should be submitted to [email protected] .

Four Seasons Education Files Fiscal Year 2022 Annual Report on Form 20-F

Retrieved on: 
Thursday, June 30, 2022
SEC, ADS, IR, Company, Mission statement, FEDU, Security (finance), U.S. Securities and Exchange Commission, Annual report, Technology, NYSE, Cayman, Learning, Form 20-F, Financial services, Tutoring

SHANGHAI, June 30, 2022 /PRNewswire/ --Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading Shanghai-based education company, today announced that it filed its annual report on Form 20-F for the fiscal year ended February 28, 2022, with the Securities and Exchange Commission (the "SEC") on June 30, 2022.

Key Points: 
  • SHANGHAI, June 30, 2022 /PRNewswire/ --Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading Shanghai-based education company, today announced that it filed its annual report on Form 20-F for the fiscal year ended February 28, 2022, with the Securities and Exchange Commission (the "SEC") on June 30, 2022.
  • 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 .
  • The Company will provide a hard copy of the annual report containing its audited consolidated financial statements for the fiscal year ended February 28, 2022, free of charge, to its shareholders and ADS holders upon request.
  • About Four Seasons Education (Cayman) Inc.
    Four Seasons Education (Cayman) Inc. is a Shanghai-based company dedicated to offering diversified smart learning solutions and comprehensive enrichment activities in China.

Four Seasons Education Announces Change to American Depositary Share Ratio

Retrieved on: 
Friday, June 10, 2022
Company, Tax, Form, ADSS, Form F-6, U.S. Securities and Exchange Commission, Sale, Student, Private Securities Litigation Reform Act, NYSE, Compliance, ADS, SEC, Industry, FEDU, New, Form 20-F, Cayman, Education, Terminology, Security (finance), Financial services, PRC

SHANGHAI, June 10, 2022 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), today announced that it will change the ratio of its American depositary shares ("ADSs") representing its ordinary shares from two (2) ADSs representing one (1) ordinary share to one (1) ADS representing ten (10) ordinary shares.

Key Points: 
  • SHANGHAI, June 10, 2022 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), today announced that it will change the ratio of its American depositary shares ("ADSs") representing its ordinary shares from two (2) ADSs representing one (1) ordinary share to one (1) ADS representing ten (10) ordinary shares.
  • For Four Seasons Education's ADS holders, the change in the ADS ratio will have the same effect as a one-for-twenty reverse ADS split.
  • There will be no change to the Company's underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the change in ADS ratio.
  • No fractional new ADSs will be issued in connection with the change in the ADS ratio.

Four Seasons Education Announces Receipt of NYSE Non-Compliance Letter Regarding ADS Trading Price

Retrieved on: 
Monday, January 24, 2022
FEDU, U.S. Securities and Exchange Commission, Education, Calendar, NYSE, New, Student, Season, Industry, Private Securities Litigation Reform Act, Company, Form 20-F, Letter, Compliance, Cayman, Terminology, Risk management, Financial services, Tutoring, PRC

SHANGHAI, Jan. 24, 2022 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading Shanghai-based education company, today announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated January 6, 2022, 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").

Key Points: 
  • SHANGHAI, Jan. 24, 2022 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading Shanghai-based education company, today announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated January 6, 2022, 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").
  • Once notified, the company must bring its share price and average share price back above $1.00 by six months following the receipt of the notification.
  • To address this issue, Four Seasons Education intends to monitor the market conditions of its listed securities and is still considering its options.
  • For investor and media inquiries, please contact:
    Four Seasons Education (Cayman) Inc.

Four Seasons Education Provides Updates on Business Operations

Retrieved on: 
Thursday, December 23, 2021
U.S. Securities and Exchange Commission, Student, Compulsory education, General officer, State Council, NYSE, Opinion, Education, Curriculum, Compliance, Central Committee of the Chinese Communist Party, Burden, Terminology, Form 20-F, Private Securities Litigation Reform Act, Industry, Policy, Cayman, Company, FEDU, General Office of the State Council, Tutoring, Financial services, PRC

In the fiscal year ended February 28, 2021, the Company generated a substantial majority of its revenues from K-9 Academic AST Services.

Key Points: 
  • In the fiscal year ended February 28, 2021, the Company generated a substantial majority of its revenues from K-9 Academic AST Services.
  • 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 education company dedicated to providing comprehensive educational services.
  • The Company's vision is to unlock students' intellectual potential through high quality and effective education that can profoundly benefit students.
  • For investor and media inquiries, please contact:
    Four Seasons Education (Cayman) Inc.

Four Seasons Education Appoints MBP as its Independent Registered Public Accounting Firm

Retrieved on: 
Friday, December 3, 2021
Form 20-F, Audit committee, Industry, Private Securities Litigation Reform Act, Cayman, Company, NYSE, Form, MBP, Mission statement, Achievement Medal, Student, Education, U.S. Securities and Exchange Commission, Terminology, Board, Uncertainty, FEDU, Accounting, Financial services

SHANGHAI, Dec.3,2021 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading Shanghai-based education company, today announced that the Company appointed Marcum Bernstein & Pinchuk LLP ("MBP") as the Company's independent registered public accounting firm for its fiscal year endingFebruary 28, 2022.

Key Points: 
  • SHANGHAI, Dec.3,2021 /PRNewswire/ -- Four Seasons Education (Cayman) Inc. ("Four Seasons Education" or the "Company") (NYSE: FEDU), a leading Shanghai-based education company, today announced that the Company appointed Marcum Bernstein & Pinchuk LLP ("MBP") as the Company's independent registered public accounting firm for its fiscal year endingFebruary 28, 2022.
  • At the same time, the Company and Deloitte Touche Tohmatsu Certified Public Accountants LLP ("Deloitte") have mutually agreed to terminate Deloitte's appointment as the Company's independent registered public accounting firm, effective immediately.
  • The Company's decision to replace Deloitte with MBP was approved by the Audit Committee and the Board of Directors of the Company.
  • Deloitte was engaged as the Company's independent registered public accounting firm since 2017.

Four Seasons Education Announces Board Authorization to Repurchase up to US$15 Million

Retrieved on: 
Thursday, September 23, 2021
Sustainability Accounting Standards Board, FEDU, Physics, Student, U.S. Securities and Exchange Commission, Cayman, Season, Form 20-F, Chemistry, Feedback, Board, Aptitude, Private Securities Litigation Reform Act, Achievement Medal, Share repurchase, Education, Company, Program, Terminology, Learning, Securities Exchange Act of 1934, NYSE, Industry, Financial services, Tutoring

The Company plans to fund the repurchase program out of its available working capital, existing cash balance or future cash provided by operating activities.

Key Points: 
  • The Company plans to fund the repurchase program out of its available working capital, existing cash balance or future cash provided by operating activities.
  • The per share price cap will be determined from time to time at the discretion of the Chief Executive Officer, as authorized by the Board.
  • Over the years, the quality of the Company's education services has been demonstrated by its student outstanding academic performance.
  • For investor and media inquiries, please contact:
    Four Seasons Education (Cayman) Inc.