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First High-School Education Group Class Action Lawsuit FHS | Deadline July 11, 2022

First High-School Education Group Class Action Lawsuit (FHS Lawsuit)

The Gross Law Firm notifies investors that a class action (First High-School Education Group Class Action Lawsuit) has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of First High-School Education Group Co., Ltd. (FHS) who purchased FHS American Depositary Shares in or traceable to the Company’s March 2021 initial public offering.

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) the new rules, regulations and policies to be implemented by the Chinese government following the Two Sessions parliamentary meetings were far more severe than represented to investors and posed a material adverse threat to the Company and its business; (b) contemplated Chinese regulations and rules regarding private education were leading to a slowdown of government approval to open new educational facilities which would have a negative effect on FHS’s enrollment and growth; and (c) as a result, representations made in connection with the Company’s initial public offering regarding FHS’s historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of the Company at the time of the initial public offering, and were materially false and misleading and lacked a factual basis.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.

Shareholders have until July 11, 2022 to request that the court appoint them lead plaintiff.

 

First High-School Education Group Class Action

First High-School Education Group Co., Ltd. (“First High-School Education Group” or the “Company”), an education service provider primarily focusing on high schools in Western China, today announced that it will release its unaudited financial results for the third quarter 2022 ended September 30, 2022, prior to the opening of U.S. markets on November 2, 2022.

First High-School Education Group Lawsuit

A provider of educational services, First High-School Education Group primarily targets high schools in Western China. With a focus 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, the company aspires to become a leader and innovator in private high school education in China. Please visit https://ir.diyi.top for further details.

FHS Class Action Lawsuit

A provider of educational services, First High-School Education Group primarily targets high schools in Western China. With a focus 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, the company aspires to become a leader and innovator in private high school education in China.

FHS Class Action

First High-School Education Group’s Chief Financial Officer, Mr. Tommy Zhou, stated, “The second quarter of 2022 follows the positive trend we have previously put forth.” Comparing the first half of 2022 to the same period in 2021, the Company’s revenue from ongoing operations increased by 20.9% to RMB211.4 million (US$31.6 million), net income increased to RMB42.7 million (US$6.4 million), and adjusted net income increased by 282.1% to RMB42.7 million (US$6.4 million).

FHS Lawsuit

Since 2002, the lawyers and staff at Robbins LLP, a well-known pioneer in shareholder rights litigation, have been committed to assisting shareholders in recovering losses, enhancing corporate governance frameworks, and holding company executives liable for their misdeeds. To receive free alerts when corporate executives commit misconduct or to be informed if a class action lawsuit against First High-School Education Group Co., Ltd. is settled, sign up for Stock Watch right away.

FHS Stock

In the People’s Republic of China, First High-School Education Group Co., Ltd. offers private basic education and supplementary education services, including middle and high school and tutorial school. Shao Wei Zhang established the business on September 19, 2018, and it has its main offices in Kunming, China.

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