FHS INVESTOR NOTICE

Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against First High-School Education Group Co., Ltd. and Announces Opportunity for Investors with Substantial Losses to Lead Case - Seite 3

On April 5, 2022, First High-School Education announced that it had received a letter from the New York Stock Exchange (“NYSE”) stating that it was in non-compliance with the NYSE’s listing requirements because its total market capitalization and stockholders’ equity had fallen below compliance standards. The following week, on April 13, 2022, First High-School Education announced that its total revenues for 2021 were just RMB400.2 million, representing a substantial deceleration in the second half of the year. The release also stated that First High-School Education’s total student enrollment had remained almost unchanged at 21,247 students at year’s end, representing a paltry 3% increase year-over-year, and that First High-School Education’s gross profit had declined 18.1% during the year.

Finally, on May 3, 2022, First High-School Education filed a notice with the U.S. Securities and Exchange Commission that it would not be able to timely file its annual report on Form NT 20-F.

By May 10, 2022, First High-School Education ADSs closed below $1 per ADS – more than 90% below the price at which First High-School Education ADSs were sold to the investing public a little more than one year previously. At the time of the filing of this complaint, the price of First High-School Education ADSs has remained significantly below the IPO price.

You can view a copy of the complaint by visiting the following link:

https://www.rgrdlaw.com/cases-first-high-school-education-group-co-ltd ...

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased First High-School Education ADSs in or traceable to the IPO to seek appointment as lead plaintiff in the First High-School Education class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the First High-School Education class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the First High-School Education class action lawsuit. An investor’s ability to share in any potential future recovery of the First High-School Education class action lawsuit is not dependent upon serving as lead plaintiff.