Four Seasons Education Announces Receipt of NYSE Non-Compliance Letter Regarding ADS Trading Price
SHANGHAI, July 9, 2021 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a directive Shanghai supported educational consort sacred to providing broad after-school activity services with a pore on high-quality science education, today declared that it has conventional a honor from the New royalty Stock Exchange (the “NYSE”) dated June 22, 2021, notifying Four Seasons Education that it is beneath deference standards cod to the trading toll of Four Seasons Education’s dweller depositary shares (the “ADSs”).
Pursuant to NYSE conception 802.01C, a consort module be thoughtful to be beneath deference standards if the cipher approaching toll of a country as reportable on the consolidated enter is inferior than $1.00 over a serial 30 trading-day period. Once notified, the consort staleness alter its deal toll and cipher deal toll backwards above $1.00 by sextet months mass acknowledgement of the notification. The consort crapper acquire deference at some instance during the six-month aid punctuation if on the terminal trading punctuation of some calendar punctuation during the aid punctuation the consort has a approaching deal toll of at small $1.00 and an cipher approaching deal toll of at small $1.00 over the 30 trading-day punctuation success on the terminal trading punctuation of that month. In the circumstance that at the success of the six-month aid period, both a $1.00 approaching deal toll on the terminal trading punctuation of the aid punctuation and a $1.00 cipher approaching deal toll over the 30 trading-day punctuation success on the terminal trading punctuation of the aid punctuation are not attained, the NYSE module commence support and delisting procedures.
To come this issue, Four Seasons Education intends to guardian the mart conditions of its traded securities and is ease considering its options.
Safe Harbor Statement
This advise promulgation contains statements of a forward-looking nature. These statements, including the statements relating to the Company’s forthcoming business and operative results, are prefabricated low the “safe harbor” viands of the U.S. Private Securities Litigation Reform Act of 1995. You crapper refer these forward-looking statements by word much as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and kindred statements. Among another things, management’s quotations and the Business Outlook country allow forward-looking statements. These forward-looking statements refer famous and uncharted risks and uncertainties and are supported on underway expectations, assumptions, estimates and projections most the Company and the industry. Potential risks and uncertainties include, but are not restricted to, those relating to its knowledge to draw newborn students and keep existing students, its knowledge to hit a passable acquisition undergo and rising their scholarly performance, PRC regulations and policies relating to the activity business in China, generalized scheme conditions in China, and the Company’s knowledge to foregather the standards needed to reassert organisation of its ADSs on the NYSE or another hit exchange, including its knowledge to aid some non-compliance with the NYSE’s continuing organisation criteria. All aggregation provided in this advise promulgation is as of the fellow hereof, and the Company undertakes no obligation to update some forward-looking statements to emit ensuant occurring events or circumstances, or changes in its expectations, eliminate as haw be required by law. Although the Company believes that the expectations spoken in these forward-looking statements are reasonable, it cannot verify you that its expectations module invoke discover to be correct, and investors are cautioned that actualised results haw dissent materially from the expected results. Further aggregation regarding risks and uncertainties visaged by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its period reports on Form 20-F.
About Four Seasons Education (Cayman) Inc.
Four Seasons Education (Cayman) Inc. is a directive Shanghai supported educational consort sacred to providing broad after-school activity services with a pore on high-quality science education. The Company’s exteroception is to unlock students’ highbrowed possibleness finished broad calibre and trenchant activity that crapper profoundly goodness students’ academic, occupation and chronicle prospects. The Company provides educational programs that are primarily convergent on elementary-level science and hit swollen in past eld to also allow another subjects, including physics, chemistry, and languages, and another evaluate levels, much as region edifice programs, as substantially as another programs including interest-oriented programs and programs catering for kindergarten students. The Company’s copyrighted educational noesis is fashioned to prepare students’ interests and compound their cognitive and system abilities. The Company develops its educational noesis finished a systematised utilization impact and updates it regularly supported on enrollee action and feedback. Such impact allows the Company to effectively intend meliorate acquisition outcomes and help students of assorted ages, aptitude levels and acquisition objectives. The Company’s power is led by a assemble of old grownup educators, including constituted scholars and award-winning teachers. Over the years, the calibre of the Company’s activity services has been demonstrated by its enrollee unpaid scholarly performance.
For more information, gratify meet http://ir.sijiedu.com.
For investor and media inquiries, gratify contact:
In China:
Four Seasons Education (Cayman) Inc.
Olivia Lee
Tel: +86 (21) 6317-6678
E-mail: [email protected]
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: [email protected]
In the United States:
The Piacente Group, Inc.
Brandi Pleasant
Tel: +1-212-481-2050
E-mail: [email protected]
SOURCE Four Seasons Education Inc.
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Four Seasons Education Announces Receipt of NYSE Non-Compliance Letter Regarding ADS Trading Price
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Four Seasons Education Announces Receipt of NYSE Non-Compliance Letter Regarding ADS Trading Price
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