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

ShanghaiAnd January 24, 2022 /PRNewswire/ – Four Seasons Education (Cayman) Inc (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a leading corporation ShanghaiAn educational company based today announced that it has received a letter from the New York Stock Exchange (“NYSE”) dated January 6 2022, notifies Four Seasons Education that it is below compliance standards due to the trading price of Four Seasons Education’s American Depositary Shares (“ADS”).

Under 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 combined tape is less than $1.00 over 30 consecutive trading days. Once notified, the company must return its share price and average share price up $1.00 Six months after receiving the notification. The Company can restore compliance at any time during the six-month treatment period if the closing share price of the Company on the last trading day of any calendar month during the treatment period is not less than $1.00 and the average closing price of the stock at least $1.00 During the 30 trading day period ending on the last trading day of that month. If the six-month treatment period has expired, both are $1.00 The closing price of the stock on the last trading day of the treatment period and a $1.00 If the average closing price of the stock is not reached during the 30 trading day period ending on the last trading day of the treatment period, the New York Stock Exchange will initiate suspension and delisting proceedings.

To address this issue, Four Seasons Education intends to monitor the market conditions for its listed securities and is still studying its options.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements, including statements regarding the Company’s future financial and operating results, have been prepared under the “safe harbor” provisions of the US Securities Litigation Reform Act of 1995. You identify these forward-looking statements by terms such as “will,” “expect,” and “believe.” and “expects,” “intends,” “estimates,” and similar statements. Among other things, management’s quotations and business expectations 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 expectations about the Company. and industry.Potential risks and uncertainties include, but are not limited to, those related to its ability to attract new students and improve the overall performance of students and the regulations and policies of the People’s Republic of China relating to the education industry in China, general economic conditions in Chinaand the Company’s ability to meet the standards necessary to maintain listing of its listings on the New York Stock Exchange or other exchanges, including its ability to remedy any non-compliance with the criteria for continued listing on the New York Stock Exchange. All information in this press release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent 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 expected results. More information regarding the company’s risks and uncertainties is included in the company’s filings with the US Securities and Exchange Commission, including its annual reports on Form 20-F.

About Four Seasons Education (Cayman) Inc.

Four Seasons Education (Cayman) is a leading company ShanghaiAn education company dedicated to providing comprehensive educational services. The company’s vision is to unleash students’ intellectual potential through high-quality, effective education that can greatly benefit students. The company’s proprietary educational service offerings are designed to develop students’ interests and enhance their cognitive and logical thinking abilities. The company’s faculty is led by a group of experienced senior educators, including recognized scholars and award-winning educators. Over the years, the quality of the company’s educational services has been proven by outstanding student performance.

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For investor and media inquiries, please contact:

in a China:

Four Seasons Education (Cayman) Inc.
Olivia Lee
Tel: +86 (21) 6317-6678
email: [email protected]

Piacente Group, Inc.
Jenny Kay
Tel: +86 (10) 6508-0677
email: [email protected]

in a United State:

Piacente Group, Inc.
Brandy Pleasant
Tel: + 1-212-481-2050
email: [email protected]

Source: Four Seasons Education Inc


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