First High-School Education Group Announces Formation of Special Committee
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), un fornitore di servizi educativi che si concentra sulle scuole superiori nella Cina occidentale, ha annunciato la formazione di un comitato speciale per valutare una proposta non vincolante ricevuta il 2 agosto 2024. Il comitato è composto da due direttori indipendenti, con il sig. Guangzhou Zhao che funge da presidente. Il Consiglio avverte gli azionisti che non sono state prese decisioni riguardo alla proposta e che non c'è alcuna garanzia che venga ricevuta un'offerta definitiva o che qualsiasi transazione venga approvata o completata. L'azienda fornirà aggiornamenti solo come richiesto dalla legge.
First High-School Education Group (OTCQB:FHSEY), un proveedor de servicios educativos que se enfoca en las escuelas secundarias en el oeste de China, ha anunciado la formación de un comité especial para evaluar una propuesta no vinculante recibida el 2 de agosto de 2024. El comité está compuesto por dos directores independientes, con el Sr. Guangzhou Zhao como presidente. La Junta advierte a los accionistas que no se han tomado decisiones con respecto a la propuesta y que no hay garantía alguna de que se reciba una oferta definitiva o de que se apruebe o complete alguna transacción. La empresa solo proporcionará actualizaciones según lo requiera la ley.
First High-School Education Group (OTCQB:FHSEY)는 중국 서부의 고등학교에 중점을 두고 있는 교육 서비스 제공업체로, 2024년 8월 2일에 수신된 비구속 제안을 평가하기 위한 특별 위원회의 구성을 발표했습니다. 이 위원회는 두 명의 독립 이사로 구성되며, 주관으로는 장구아우 저우 씨가 맡고 있습니다. 이사회는 주주들에게 제안 관련하여 결정이 내려진 바가 없으며, 최종 제안이 수신될 것이라는 보장이나 어떤 거래가 승인되거나 완료될 것이라는 보장이 없다고 경고합니다. 회사는 법이 요구하는 경우에만 최신 정보를 제공할 것입니다.
First High-School Education Group (OTCQB:FHSEY), un fournisseur de services éducatifs se concentrant sur les lycées dans l'ouest de la Chine, a annoncé la création d'un comité spécial pour évaluer une proposition non contraignante reçue le 2 août 2024. Le comité se compose de deux administrateurs indépendants, avec M. Guangzhou Zhao servant en tant que président. Le Conseil met en garde les actionnaires en indiquant qu'aucune décision n'a été prise concernant la proposition et qu'il n'y a aucune garantie qu'une offre définitive soit reçue ou qu'une transaction soit approuvée ou conclue. L'entreprise ne fournira des mises à jour que conformément à la loi.
First High-School Education Group (OTCQB:FHSEY), ein Bildungsdienstleister, der sich auf Oberschulen im Westen Chinas konzentriert, hat die Bildung eines sonderausschusses angekündigt, um einen am 2. August 2024 erhaltenen unverbindlichen Vorschlag zu bewerten. Der Ausschuss besteht aus zwei unabhängigen Direktoren, wobei Herr Guangzhou Zhao den Vorsitz führt. Der Vorstand warnt die Aktionäre, dass keine Entscheidungen in Bezug auf den Vorschlag getroffen wurden und dass es keine Garantie dafür gibt, dass ein endgültiges Angebot angenommen oder dass eine Transaktion genehmigt oder abgeschlossen wird. Das Unternehmen wird nur Aktualisierungen bereitstellen, wie es gesetzlich vorgeschrieben ist.
- Formation of a special committee to evaluate a potential transaction proposal
- Uncertainty surrounding the non-binding proposal and potential transaction
- No guarantee of a definitive offer or transaction completion
BEIJING, CHINA / ACCESSWIRE / August 14, 2024 / First High-School Education Group Co., Ltd. ("First High-School Education Group" or the "Company") (OTCQB:FHSEY), an education service provider primarily focusing on high schools in Western China, today announced that its board of directors (the "Board") has formed a special committee consisting of two independent directors, Mr. Guangzhou Zhao and Mr. Yuanlin Hu, to evaluate and consider the previously announced preliminary non-binding proposal letter dated August 2, 2024 (the "Proposal"). Mr. Guangzhou Zhao chairs the special committee.
The Board cautions the Company's shareholders and others considering trading the Company's securities that no decisions have been made with respect to the Proposal. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other similar transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.
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/.
Safe Harbor Statement
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)
SOURCE: First High-School Education Group Co., Ltd.
View the original press release on accesswire.com
FAQ
What is the purpose of the special committee formed by First High-School Education Group (FHSEY)?
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What is the current status of the proposal received by First High-School Education Group (FHSEY) on August 2, 2024?
How will First High-School Education Group (FHSEY) update shareholders about the potential transaction?
