FIRST HIGH-SCHOOL ED ADR - FHSEY STOCK NEWS

First High-School Education Group (OTCQB:FHSEY) reported its unaudited financial results for the first half of 2024. Total revenues decreased by 6.7% to RMB151.1 million (US$20.8 million), while net income fell by 69.5% to RMB11.2 million (US$1.5 million). The company faced challenges due to adverse macroeconomic factors and increased competition. However, student enrollment increased by 5.6% to 35,151 across 23 school programs. The company's financial performance was impacted by the absence of revenue from government cooperative agreements and increased operating expenses. Despite these challenges, First High-School Education Group remains focused on expanding its direct customer base and enhancing the quality of its educational offerings.

First High-School Education Group (OTCQB:FHSEY), an education service provider focusing on high schools in Western China, has announced the release of its unaudited financial results for the first half of 2024 on September 18, 2024, before U.S. markets open. The company will also hold an earnings conference call on the same day at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time).

Investors and analysts can participate in the conference call using the provided international dial-in numbers. The passcode for the call is 792778. This announcement suggests that First High-School Education Group is prepared to share its financial performance and potentially discuss its business outlook for the remainder of 2024.

First High-School Education Group (OTCQB:FHSEY), an education service provider focusing on high schools in Western China, has announced the formation of a special committee to evaluate a non-binding proposal received on August 2, 2024. The committee consists of two independent directors, with Mr. Guangzhou Zhao serving as chair. The Board cautions shareholders that no decisions have been made regarding the proposal, and there is no guarantee that a definitive offer will be received or that any transaction will be approved or completed. The company will only provide updates as required by law.

First High-School Education Group (OTCQB:FHSEY) has received a preliminary non-binding 'going private' proposal from its founder, chairman, and CEO, along with other investors. The Buyer Group proposes to acquire all outstanding Class A ordinary shares, including those represented by ADSs, for US$0.05 per Share or US$0.15 per ADS in cash. This offer represents a premium of 354.5% to the closing price on August 1, 2024, and significant premiums to recent volume-weighted average prices. The Board plans to form a special committee of independent directors to evaluate the proposal. Shareholders are cautioned that no definitive agreement has been reached, and there's no assurance the transaction will be approved or completed.

First High-School Education Group (OTCQB: FHSEY), an education service provider focusing on high schools in Western China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2023, with the U.S. SEC. This filing, announced on May 14, 2024, includes audited consolidated financial statements. The report is available on the Company's investor relations website and the SEC's website. Shareholders can request a free hard copy from the Company's Investor Relations Department.

First High-School Education Group announced its unaudited financial results for fiscal year 2023, reporting a decrease in total revenues, gross profit, and net income. The company saw growth in the number of students enrolled and school programs managed. Despite facing challenges in revenue collection and asset impairment losses, the company aims to focus on providing high-quality education services through school management services. The impact of the Implementation Rules for Private Education Laws affected the company's control over affiliated entities providing compulsory education, leading to a net loss from discontinued operations. The company plans to monitor and comply with applicable regulations while exploring new opportunities for growth.

First High-School Education Group, an education service provider focusing on high schools in Western China, will report its unaudited financial results for the fiscal year 2023 on April 25, 2024. The earnings conference call will be held on the same day.

First High-School Education Group Co., Ltd. (FHSEY) announced its unaudited financial results for the nine months ended September 30, 2023. Total revenues decreased by 29.2%, gross profit decreased by 58.6%, and net loss was RMB50.2 million. The company experienced a 47.4% increase in the number of students enrolled, but adjusted net income decreased by 96.2%.

First High-School Education Group Co., Ltd. (FHSEY) will release its unaudited financial results for Q3 2023 on November 27, 2023. The company focuses on high schools in Western China. An earnings conference call will be held on the same day.