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First High-School Education Group Announces Declaration of a Dividend

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 GroupFirst 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
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