BEIJING, Jan. 11, 2022 /PRNewswire/ -- First High-School
Education Group Co., Ltd. ("First High-School Education Group" or
the "Company") (NYSE: FHS), an education service provider primarily
focusing on high schools in Western
China, today announced its preliminary dividend distribution
plan.
Subject to requirements of Cayman
Islands law and any rights and restrictions set forth in the
Company's Second Amended and Restated Memorandum and Articles of
Association currently in effect (the "Articles"), assuming the
Company had achieved net income for the fiscal year ended
December 31, 2021, the Company
intends to distribute a certain portion of its net income for the
fiscal year ended December 31, 2021
as a cash dividend (the "Dividend") to be paid among the holders of
the Company's ordinary shares (including those represented by the
ADSs) in accordance with the Articles. The declaration and payment
of the Dividend is conditional upon the passing of the relevant
resolutions of the Company's board of directors (the "Board"),
provided that under no circumstances may the Dividend be paid if it
would result in the Company being unable to pay its debts as they
fall due in the ordinary course of business.
The exact amount and the payment timing and manner for the
Dividend will be determined by the Board in accordance with the
Articles. The declaration and payment of the Dividend will depend
upon, among other things, the Company's operations and earnings,
capital requirements and surplus, financial condition, contractual
restrictions, general business conditions and other factors as the
Board may deem relevant.
About First High-School Education Group
First High-School Education Group is an education service
provider primarily focusing on high schools in Western China. 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
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
"forward-looking statements" within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements relating to the expected trading
commencement and closing dates. The words "achieve," "anticipate,"
"assume," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "plan," "potential," "predict," "project,"
"should," "target," "will," "would" and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Actual
results may differ materially from those indicated by such
forward-looking statements as a result of various important
factors, including the uncertainties related to market conditions
and the completion of the public offering on the anticipated terms
or at all, and other factors discussed in our annual report on Form
20-F and other filings with the SEC. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and the Company specifically disclaims any obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
For investor and media inquiries, please contact:
First High-School Education Group
Tommy Zhou
Chief Financial Officer
E-mail: tommyzhou@dygz.com
Customer Service
E-mail: FHS_info@dygz.com
Phone: 010-62555966 (9:30-12:00, 13:30-16:00
CST)
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SOURCE First High-School Education Group Co., Ltd