2022-06-21 | NYSE: FHS | Press release

LOS ANGELES, June 21, 2022 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) announces that investors suffering substantial losses have the opportunity to bring the securities fraud class action lawsuit against First High-School Education Group Co., Ltd. (“FHS” or the “Company”) (NYSE: FHS).

Class period: March 2021 Initial Public Offering

Lead Applicant Deadline:July 11, 2021

If you would like to be the lead plaintiff in the FHS lawsuit, you can submit your details at www.glancylaw.com/cases/first-high-school-education-group-co-ltd/. You can also contact Charles H. Linehanof GPM at 310-201-9150, toll free at 888-773-9224, or by email at [email protected] to learn more about your rights.

The filed lawsuit alleges that, throughout the class action period, the defendants failed to disclose to investors: (1) that new rules, regulations and policies to be implemented by the Chinese government as a result of parliamentary meetings of both sessions were far more severe than investors thought and posed a material adverse threat to First High-School Education and its business; (2) that China’s regulations and rules regarding private education were causing a slowdown in government approval for the opening of new educational institutions, which would have a negative effect on enrollment and growth of First High- School Education; and (3) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

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To be a class member, you do not need to take any action at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about this class action, or if you have any questions about this announcement or your rights or interests in the pending class action, please contact Charles Linehan, squireof GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, toll free at 888-773-9224, by email at [email protected], or visit our website at www.glancylaw.com. If requesting by email, please include your mailing address, phone number and number of shares purchased.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

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