NEW - NEW STOCK NEWS

Puxin Limited (NYSE: NEW) has received a non-compliance notice from the NYSE due to its average trading price being below $1.00 for 30 consecutive days as of August 18, 2021. The company has six months to regain compliance by achieving a closing price of at least $1.00 on the last trading day of the cure period and maintaining that average. While this notice does not immediately affect the trading of the ADSs, failure to comply may lead to suspension and delisting. Puxin plans to monitor market conditions and assess its options.

Puxin Limited (NYSE: NEW) announced its compliance with new regulations impacting after-school tutoring in China. Effective July 24, 2021, these rules mandate that academic tutoring institutions register as non-profits, prohibit foreign ownership, and restrict capital raising for academic tutoring services. Puxin anticipates that following these guidelines will materially adversely affect its operations and results. The company aims to work closely with government authorities to ensure adherence to the new policies.

Puxin Limited (NYSE: NEW) reported its Q1 2021 financial results, showing a net revenue decline of 8.6% to RMB686.8 million (US$104.8 million) compared to Q1 2020. However, operating income rose 78.9% to RMB6.5 million (US$1.0 million). The company transitioned some learning centers online due to pandemic measures, contributing to a 7.1% drop in student enrollments to 539,355. Despite challenges, net income improved to RMB37.8 million (US$5.8 million), a positive shift from a net loss of RMB43.5 million in Q1 2020. Puxin anticipates Q2 revenues between RMB661.2 million and RMB691.3 million.

Puxin Limited (NYSE: NEW), a leader in China's after-school education sector, will announce its first-quarter financial results for 2021 on May 24, 2021. The management will conduct an earnings call at 7:00 AM U.S. Eastern Time to discuss these results. The company specializes in K-12 and study-abroad tutoring programs, employing a unique business model that combines strategic acquisitions with organic growth. Investors can access the call and future replays via their website or designated phone lines.

Puxin Limited (NYSE: NEW) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 30, 2021. The report includes audited financial statements and is accessible on the SEC and Puxin investor relations websites. The company specializes in consolidating the after-school education industry in China, focusing on improving educational quality and operational performance through strategic acquisitions.

Puxin Limited (NYSE: NEW) announced a share repurchase program to buy back up to US$20 million of its American depositary shares (ADSs) over a 12-month period ending March 31, 2022. This initiative aims to enhance shareholder value and is expected to be conducted via open market and privately negotiated transactions, adhering to legal compliance. The timing and number of repurchases will depend on market factors like price and trading volume. Puxin is a major player in China's after-school education sector, known for its strategic acquisitions and operational expertise.

Puxin Limited (NYSE: NEW) has announced a private placement of convertible notes totaling US$20 million with PAG funds. The notes, which carry a 3% annual interest rate, will mature in five years and can be converted into ordinary shares. The issuance is contingent on satisfying customary closing conditions. Puxin aims to enhance its position in the after-school education industry in China, leveraging strategic acquisitions to improve educational quality and operational performance.

Puxin Limited (NYSE: NEW) reported its financial results for Q4 and fiscal year 2020, revealing net revenues of RMB718.3 million (US$110.1 million), a 16.4% decline from Q4 2019. The net loss decreased to RMB68.8 million (US$10.5 million), down 36.8% YoY. For 2020, total net revenues were RMB2,903.9 million (US$445.0 million), reflecting a 6.4% drop. However, K-12 tutoring services witnessed an 8.9% increase in revenue. Puxin anticipates Q1 2021 revenues between RMB683.7 million and RMB721.3 million, indicating a further 4% to 9% decline YoY.

Puxin Limited (NYSE: NEW), a consolidator in China's after-school education sector, will announce its financial results for Q4 and the fiscal year ended December 31, 2020, ahead of U.S. markets on March 16, 2021. The company will host an earnings conference call at 8:00 AM ET on the same day, with replay options available until March 23, 2021. Puxin has established a business model that combines strategic acquisitions with organic growth, enhancing educational quality and operational performance in K-12 and study-abroad programs.