UNITED STATES  

  SECURITIES AND EXCHANGE COMMISSION  

  Washington, D.C. 20549  

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No.   )*

 

First High-School Education Group Co., Ltd.

(Name of Issuer)

 

Class A Ordinary Shares, par value of $0.00001 per share

 

(Title of Class of Securities)

 

320505100**

(CUSIP Number)

 

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  Rule 13d-1(b)
  Rule 13d-1(c)
  Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
   
** CUSIP number 320505100 has been assigned to the American Depositary Shares (“ADSs”) of the issuer, which are quoted on the New York Stock Exchange under the symbol “FHS.” Each ADS represents three Class A ordinary shares.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

SCHEDULE 13G

 

CUSIP No. 320505100
1.

Names of Reporting Persons.

 

Shaowei Zhang

2. Check the Appropriate Box if a Member of a Group (See Instructions).
 

(a) ☒ (b) ☐

 

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

People’s Republic of China

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.

Sole Voting Power

 

32,261,530 ordinary shares(1) (See Item 4)

6.

Shared Voting Power

 

682,960 ordinary shares(2) (See Item 4)

7.

Sole Dispositive Power

 

32,261,530 ordinary shares(1) (See Item 4)

8.

Shared Dispositive Power

 

682,960 ordinary shares(2) (See Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

32,944,490 ordinary shares(1) (2) (See Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

 

11.

Percent of Class Represented by Amount in Row (9)

 

37.9% (assuming conversion of all outstanding Class B ordinary shares into the same number of Class A ordinary shares) (See Item 4) 

12.

Type of Reporting Person (See Instructions)

 

IN

 

 

(1) Includes (a) 27,769,020 Class B ordinary shares directly held by Visionsky Group Limited, a British Virgin Islands company wholly owned by Shaowei Zhang, and (b) 4,492,510 Class B ordinary shares directly held by Brightenwit Group Limited, a British Virgin Islands company wholly owned by Yu Wu, the spouse of Shaowei Zhang. Shaowei Zhang disclaims beneficial ownership of the ordinary shares held by Brightenwit Group Limited. Yu Wu disclaims beneficial ownership of the ordinary shares held by Visionsky Group Limited.

 

(2) Includes (a) 514,150 Class A ordinary shares directly held by Long-Spring Education Technology Limited, a British Virgin Islands company in which Shaowei Zhang has approximately 24.64% equity interest, (b) 99,940 Class A ordinary shares directly held by Long-Spring Education Management Limited, a British Virgin Islands company in which Shaowei Zhang has approximately 1.56% equity interest, and (c) 68,870 Class A ordinary shares directly held by Long-Spring Education Consulting Limited, a British Virgin Islands company in which Shaowei Zhang has approximately 23.08% equity interest.

 

2

 

SCHEDULE 13G

 

CUSIP No. 320505100
1.

Names of Reporting Persons.

 

Visionsky Group Limited

2. Check the Appropriate Box if a Member of a Group (See Instructions).
 

(a) ☐ (b) ☐

 

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.

Sole Voting Power

 

27,769,020 ordinary shares (See Item 4)

6.

Shared Voting Power

 

0

7.

Sole Dispositive Power

 

27,769,020 ordinary shares (See Item 4)

8.

Shared Dispositive Power

 

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

27,769,020 ordinary shares (See Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

 

 

11.

Percent of Class Represented by Amount in Row (9)

 

32.0% (assuming conversion of all outstanding Class B ordinary shares into the same number of Class A ordinary shares) (See Item 4)

12.

Type of Reporting Person (See Instructions)

 

CO

 

3

 

SCHEDULE 13G

 

CUSIP No. 320505100
1.

Names of Reporting Persons.

 

Brightenwit Group Limited

2. Check the Appropriate Box if a Member of a Group (See Instructions).
 

(a) ☐ (b) ☐

 

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.

Sole Voting Power

 

4,492,510 ordinary shares (See Item 4)

6.

Shared Voting Power

 

0

7.

Sole Dispositive Power

 

4,492,510 ordinary shares (See Item 4)

8.

Shared Dispositive Power

 

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,492,510 ordinary shares (See Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

 

 

11.

Percent of Class Represented by Amount in Row (9)

 

5.2% (assuming conversion of all outstanding Class B ordinary shares into the same number of Class A ordinary shares) (See Item 4)

12.

Type of Reporting Person (See Instructions)

 

CO

 

4

 

SCHEDULE 13G

 

CUSIP No. 320505100
1.

Names of Reporting Persons.

 

Long-Spring Education Technology Limited

2. Check the Appropriate Box if a Member of a Group (See Instructions).
 

(a) ☐ (b) ☐

 

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

514,150 ordinary shares (See Item 4)

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

514,150 ordinary shares (See Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

514,150 ordinary shares (See Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

 

 

11.

Percent of Class Represented by Amount in Row (9)

 

0.6% (assuming conversion of all outstanding Class B ordinary shares into the same number of Class A ordinary shares) (See Item 4)

12.

Type of Reporting Person (See Instructions)

 

CO

 

5

 

SCHEDULE 13G

 

CUSIP No. 320505100
1.

Names of Reporting Persons.

 

Long-Spring Education Management Limited

2. Check the Appropriate Box if a Member of a Group (See Instructions).
 

(a) ☐ (b) ☐

 

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

99,940 ordinary shares (See Item 4)

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

99,940 ordinary shares (See Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

99,940 ordinary shares (See Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

 

 

11.

Percent of Class Represented by Amount in Row (9)

 

0.1% (assuming conversion of all outstanding Class B ordinary shares into the same number of Class A ordinary shares) (See Item 4)

12.

Type of Reporting Person (See Instructions)

 

CO

 

6

 

SCHEDULE 13G

 

CUSIP No. 320505100
1.

Names of Reporting Persons.

 

Long-Spring Education Consulting Limited

2. Check the Appropriate Box if a Member of a Group (See Instructions).
 

(a) ☐ (b) ☐

 

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

68,870 ordinary shares (See Item 4)

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

68,870 ordinary shares (See Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

68,870 ordinary shares (See Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐

 

 

11.

Percent of Class Represented by Amount in Row (9)

 

0.1% (assuming conversion of all outstanding Class B ordinary shares into the same number of Class A ordinary shares) (See Item 4)

12.

Type of Reporting Person (See Instructions)

 

CO

 

7

 

Item 1(a).

Name of Issuer:

First High-School Education Group Co., Ltd.

   
Item 1(b).

Address of Issuer’s Principal Executive Offices:

No. 1-1, Tiyuan Road, Xishan District,

Kunming, Yunnan Province 650228, People’s Republic of China

 
Item 2(a).

Name of Person Filing:

Shaowei Zhang

Visionsky Group Limited

Brightenwit Group Limited

Long-Spring Education Technology Limited

Long-Spring Education Management Limited

Long-Spring Education Consulting Limited

 

Item 2(b).

Address of Principal Business Office, or, if none, Residence:

Shaowei Zhang

c/o First High-School Education Group Co., Ltd.

No. 1-1, Tiyuan Road, Xishan District,

Kunming, Yunnan Province 650228, People’s Republic of China

 

Visionsky Group Limited

Craigmuir Chambers, Road Town, Tortola, VG 1110

British Virgin Islands

 

Brightenwit Group Limited

Craigmuir Chambers, Road Town, Tortola, VG 1110

British Virgin Islands

 

Long-Spring Education Technology Limited

Craigmuir Chambers, Road Town, Tortola, VG 1110

British Virgin Islands

 

Long-Spring Education Management Limited

Craigmuir Chambers, Road Town, Tortola, VG 1110

British Virgin Islands

 

Long-Spring Education Consulting Limited

Craigmuir Chambers, Road Town, Tortola, VG 1110

British Virgin Islands

 

Item 2(c).

Citizenship:

Shaowei Zhang – People’s Republic of China

Visionsky Group Limited – British Virgin Islands

Brightenwit Group Limited – British Virgin Islands

Long-Spring Education Technology Limited – British Virgin Islands

Long-Spring Education Management Limited – British Virgin Islands

Long-Spring Education Consulting Limited – British Virgin Islands

 

8

 

Item 2(d).

Title of Class of Securities:

Class A ordinary shares, par value US$0.00001 per share (the “Class A ordinary shares”). Holders of Class A ordinary shares and Class B ordinary shares, par value US$0.00001 per share (the “Class B ordinary shares”) have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote and is not convertible into Class B ordinary share under any circumstances. Each Class B ordinary share is entitled to 20 votes, and is convertible into one Class A ordinary share.

 

Item 2(e).

CUSIP No.:

320505100

CUSIP number 320505100 has been assigned to the ADSs of the issuer, which are quoted on the New York Stock Exchange under the symbol “FHS.” Each ADS represents three Class A ordinary shares.

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:
 

 

Not applicable

 

 Item 4. Ownership

 

The following information with respect to the ownership of the ordinary shares of the issuer by each of the reporting persons is provided as of December 31, 2021:

 

Reporting Person   Amount
beneficially owned:
    Percent of
class(1):
    Sole power to vote
or direct the vote:
    Shared power to
vote or to
direct the vote:
    Sole power to
dispose or to
direct the
disposition of:
    Shared power
to dispose or
to direct the
disposition of:
 
Shaowei Zhang     32,944,490 (2)     37.9 %     32,261,530 (2)     682,960 (2)     32,261,530 (2)     682,960 (2)
Visionsky Group Limited     27,769,020 (2)     32.0 %     27,769,020 (2)     0       27,769,020 (2)     0  
Brightenwit Group Limited     4,492,510 (2)     5.2 %     4,492,510 (2)     0       4,492,510 (2)     0  
Long-Spring Education Technology Limited     514,150 (2)     0.6 %     0       514,150 (2)     0       514,150 (2)
Long-Spring Education Management Limited     99,940 (2)     0.1 %     0       99,940 (2)     0       99,940 (2)
Long-Spring Education Consulting Limited     68,870 (2)     0.1 %     0       68,870 (2)     0       68,870 (2)

 

 

(1) Pursuant to Rule 13d-3(d)(1), all Class B ordinary shares (which are convertible into Class A ordinary shares) were deemed to be converted for the purpose of (a) determining the aggregate amount of Class A ordinary shares beneficially owned by the reporting persons, and (b) calculating the percentages of the Class A ordinary shares beneficially owned by the reporting persons. The percentage of the class of securities beneficially owned by each reporting person is calculated based on a total of 86,838,700 ordinary shares as a single class, being the sum of 39,309,480 Class A ordinary shares and 47,529,220 Class B ordinary shares outstanding as of December 31, 2021, assuming conversion of all Class B ordinary shares into Class A ordinary shares.
   
(2) Includes (a) 27,769,020 Class B ordinary shares directly held by Visionsky Group Limited, a British Virgin Islands company wholly owned by Shaowei Zhang, (b) 4,492,510 Class B ordinary shares directly held by Brightenwit Group Limited, a British Virgin Islands company wholly owned by Yu Wu, the spouse of Shaowei Zhang, (c) 514,150 Class A ordinary shares directly held by Long-Spring Education Technology Limited, a British Virgin Islands company in which Shaowei Zhang has approximately 24.64% equity interest, (d) 99,940 Class A ordinary shares directly held by Long-Spring Education Management Limited, a British Virgin Islands company in which Shaowei Zhang has approximately 1.56% equity interest, and (e) 68,870 Class A ordinary shares directly held by Long-Spring Education Consulting Limited, a British Virgin Islands company in which Shaowei Zhang has approximately 23.08% equity interest. Shaowei Zhang disclaims beneficial ownership of the ordinary shares held by Brightenwit Group Limited. Yu Wu disclaims beneficial ownership of the ordinary shares held by Visionsky Group Limited.
 

 

9

 

Item 5. Ownership of Five Percent or Less of a Class
   
  Not applicable
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person
   
  Not applicable
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
   
  Not applicable
 
Item 8. Identification and Classification of Members of the Group
   
  Not applicable
 
Item 9. Notice of Dissolution of Group
   
  Not applicable
   
Item 10. Certifications
   
  Not applicable

 

10

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: February 11, 2022

 

  Shaowei Zhang
   
  By: /s/ Shaowei Zhang
   
  Visionsky Group Limited
   
  By: /s/ Shaowei Zhang
  Name:  Shaowei Zhang
  Title: Director

 

 

Brightenwit Group Limited

   
  By: /s/ Yu Wu
  Name:  Yu Wu
  Title: Director

 

 

Long-Spring Education Technology Limited

   
  By: /s/ Shaowei Zhang
  Name:  Shaowei Zhang
  Title: Director

 

 

Long-Spring Education Management Limited

   
  By: /s/ Shaowei Zhang
  Name:  Shaowei Zhang
  Title: Director

 

 

Long-Spring Education Consulting Limited

   
  By: /s/ Shaowei Zhang
  Name:  Shaowei Zhang
  Title: Director

 

11

 

LIST OF EXHIBITS

 

Exhibit 99.1 — Joint Filing Agreement

 

 

12

 

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