BEIJING, Sept. 30,
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 that its board of directors (the
"Board") has approved and declared a cash dividend of US$0.0146 per ordinary share (US$0.0437 per American depositary share, or
ADS).
The amount of cash dividends to be distributed is approximately
US$1.24 million in total, net of
10.0% withholding tax. The dividends are expected to be paid on
October 18, 2022 to the holders of
the Company's ordinary shares (including those represented by the
ADSs) of record as of the close of business on October 11, 2022. The determination to declare
and pay the dividend and the amount of dividend in any year will be
made at the discretion of the Board and will be based upon the
Company's operations and earnings, cash flow, financial condition
and other relevant factors that the Board may deem appropriate.
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 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
statements include, but are not limited to, statements relating to
the expected trading commencement and closing dates. The words
"anticipate," "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 the "Risk Factors"
section of the preliminary prospectus filed 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
