BEIJING, Oct. 13, 2021 /PRNewswire/ -- First High-School
Education Group Co., Ltd. ("First High-School Education Group" or
the "Company") (NYSE: FHS), the largest operator of private high
schools in Western China and the
third largest operator in China[1], today announced changes
in management.
Appointment of New Chief Financial Officer
Mr. Tommy Zhou ("Mr. Zhou"), who
has served as the joint chief financial officer of the Company
since September 2021, has been
appointed as the Company's chief financial officer to replace Mr.
Lidong (Ben) Zhu ("Mr. Zhu"),
effective from October 11, 2021. Mr.
Zhu has resigned from the capacity of the Company's chief financial
officer due to personal reasons. Mr. Zhu continues to serve as a
non-executive director on the board of the directors of the Company
(the "Board") and a member on the audit committee of the Board. Mr.
Zhu's resignation did not result from any disagreement with the
Company on any matter relating to the Company's operations,
policies or practices. The Company thanks Mr. Zhu for his efforts
and contributions to the Company.
Mr. Zhou brings with him over 10 years of capital market
experience in top financial institutions. Prior to joining the
Company, Mr. Zhou had served as the senior vice president at
Tianfeng Securities Co., Ltd. (SHA: 601162) from November 2020 to August
2021. From July 2019 to
October 2020, Mr. Zhou served as an
associate director at China Innovative Capital Management Ltd. From
July 2016 to July 2019, Mr. Zhou served as an investment
manager at Sunshine Asset Management Corporation Limited. From
June 2013 to June 2015, Mr. Zhou served at multiple positions,
including the last position as a financial accountant at The
Northwestern Mutual Life Insurance Company. Mr. Zhou received his
bachelor's degree in Economic History from University of British Columbia in 2010, and a
master's degree in business administration from The George Washington University in 2014.
Mr. Shaowei Zhang, chairman and
chief executive officer of First High-School Education Group,
commented: "On behalf of the Board and management team, I would
like to express our sincere gratitude to Mr. Zhu for all his
contributions to the Company, including leading our IPO and NYSE
listing in March 2021. We recognize
the critical role he played in growing and strengthening our
business, and look forward to continuing benefit from his valuable
insights and extensive experience in the future as our board
member. We wish him all the best in his future endeavors."
"Mr. Tommy Zhou is a long-time
friend of the Company and the management team, as he fully
participated in our IPO underwriting process. We warmly welcome
Tommy to our team. Tommy brings a wealth of knowledge to this
critical role, and his deep experience in all facets of finance
will be of great value to First High School Education Group. Our
entire team looks forward to working closely with him and continue
to create value for our shareholders,"
Mr. Zhang concluded.
About First High-School Education Group
First High-School Education Group is the largest operator of
private high schools in Western
China and the third largest operator in China[1]. The Company aspires to
become a leader and innovator of private high school education in
China, with the focuses on a
comprehensive education management integrating education
information consulting, education research project development,
education talent management, education technology management,
education service management, and general vocational integration
development services. For more information, please visit
https://ir.diyi.top/.
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements include,
without limitation, the Company's business plans and development,
which can be identified by terminology such as "may," "will,"
"expect," "anticipate," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. Such statements are based upon management's
current expectations and current market and operating conditions
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond the Company's control, which
may cause the Company's actual results, performance or achievements
to differ materially from those in the forward-looking statements.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required
under law.
For investor and media inquiries, please contact:
In China:
First High-School Education Group
Lillian Liu
Tel: +86-13062818313
E-mail: liuyi@dygz.com
The Blueshirt Group
Ms. Susie Wang
Phone: +86 138-1081-7475
Email: susie@blueshirtgroup.com
In the United States:
The Blueshirt Group
Ms. Julia Qian
Phone: +1 973-619-3227
Email: Julia@blueshirtgroup.com
Customer Service
Phone: 010-62555966 (9:30-12:00, 13:30-16:00
CST)
E-mail: FHS_info@dygz.com
[1] In
terms of student enrollment as of September 1, 2021, according to
an industry report commissioned by First High-School Education
Group and prepared by China Insights Industry Consultancy
Limited.
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SOURCE First High-School Education Group Co., Ltd