SHANGHAI, Nov. 11, 2019 /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 the
appointment of Ms. Yi (Joanne) Zuo
as Chief Executive Officer of the Company, effective on
November 8, 2019. Ms. Zuo has served
as the Chief Financial Officer of the Company since March 2017. Mr. Peiqing
Tian will continue contributing to the Company's growth
strategies as Chairman of the Company's Board of Directors after
handing over his duty of the CEO to Ms. Zuo. Ms. Xun Wang, the Company's Vice President of
Finance, will serve as the Company's principal financial and
accounting officer.
Mr. Tian commented, "On behalf of the Board of Directors, I
am excited to announce the appointment of Joanne as our new CEO.
Having served as our CFO in the past two and a half years, her
outstanding leadership has been instrumental in our solid business
performance. As I pass our executive leadership to Joanne, I am
confident that she will enhance the development of our diverse
educational services going forward."
Ms. Zuo stated, "For over a decade, Mr. Tian's unwavering
efforts in establishing Four Seasons Education as one of the
sought-after educational service providers in China have proven highly valuable to the
Company. He has played a key role in the expansion of our learning
center network, optimizing educational content and diversifying our
course offerings, which have laid a solid foundation for our future
growth. As Mr. Tian focuses on his duties as the Chairman of the
Board of Directors, we will remain committed to our growth
initiatives. We believe our dynamic executive team, strong brand
equity, comprehensive service offerings across different age
groups, and leading teaching capabilities will launch us into a new
cycle of growth."
Safe Harbor Statement
This press release contains statements of a forward-looking
nature. These statements, including the statements relating to the
Company's future financial and operating results, are made under
the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. You can identify these
forward-looking statements by terminology such as "will,"
"expects," "believes," "anticipates," "intends," "estimates" and
similar statements. Among other things, management's quotations and
the Business Outlook 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 projections about the Company and the
industry. Potential risks and uncertainties include, but are not
limited to, those relating to its ability to attract new students
and retain existing students, its ability to deliver a satisfactory
learning experience and improving their academic performance, PRC
regulations and policies relating to the education industry in
China, general economic conditions
in China, and the Company's
ability to meet the standards necessary to maintain listing of its
ADSs on the NYSE or other stock exchange, including its ability to
cure any non-compliance with the NYSE's continued listing criteria.
All information provided in this press release is as of the date
hereof, and the Company undertakes no obligation to update any
forward-looking statements to reflect subsequent occurring 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 anticipated results. 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 registration statement on Form
F-1 filed in connection with its initial public offering.
About Four Seasons Education (Cayman) Inc.
Four Seasons Education (Cayman) Inc. is a leading Shanghai based educational company dedicated
to providing comprehensive after-school education services with a
focus on high-quality math education. The Company's vision is to
unlock students' intellectual potential through high quality and
effective education that can profoundly benefit students' academic,
career and life prospects. The Company provides educational
programs that are primarily focused on elementary-level math and
have expanded in recent years to also include other subjects,
including physics, chemistry, and languages, and other grade
levels, including kindergarten-level and middle school-level
programs. The Company's proprietary educational content is designed
to cultivate students' interests and enhance their cognitive and
logic abilities. The Company develops its educational content
through a systematic development process and updates it regularly
based on student performance and feedback. Such process allows the
Company to effectively drive better learning outcomes and serve
students of different ages, aptitude levels and learning
objectives. The Company's faculty is led by a group of experienced
senior educators, including recognized scholars, award-winning
teachers. Over the years, the quality of the Company's education
services has been demonstrated by its student outstanding academic
performance.
For more information, please visit http://ir.sijiedu.com.
For investor and media inquiries, please contact:
In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86 (21) 6317-6678
E-mail: IR@fsesa.com
The Piacente Group, Inc.
Xi Zhang
Tel: +86 (10) 6508-0677
E-mail: fourseasons@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
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SOURCE Four Seasons Education Inc.